Savings deposits were reclassified from a non-M1 component of M2 into M1 itself. Since M2 ⊃ M1 that change isn't actually reflected in the M2 chart. You can see the M1 chart ~triple overnight when the change was made: https://fred.stlouisfed.org/series/M1SL
We were overdue for a Raytheon Reset
I doubt that persuasion is the goal of the letter. The PR will get merged. The letter explains why. People who agree with its contents and the majority of people who just don't care will keep running Core and touching grass. The Knots runner were already lost anyways and will keep decrying the death of Bitcoin or whatever.
Yes, their position was already communicated in the email threads, but I don't think many of the people running Knots read the mailing list.
These are their options as I see it:
- Disengage from the conversation and keep moving the PR along.
- Keep fighting individual battles with people who are better at rage-baiting on twitter and have more time for it.
- Put out a cohesive statement as a group.
- Admit defeat and close the PR.
> individuals could have made it known in a way that wasn’t declared from on high.
How? This is pretty much impossible when the individuals themselves are perceived as "elites" by the opposition.
It seems to me this was the least bad move from Core's zugzwang position. Individuals engaging on public platforms wasn't productive and also led to more misunderstandings and things taken out-of-context. Retreating/not engaging comes off as ignoring the community. The open letter and signatures (imo) just indicate this is a consensus position among ~30 regular contributors.
kanzure goes in-depth here: https://gnusha.org/pi/bitcoindev/CABaSBaz9OTSVa1KNk0GOrH3T-kRF_7OPVu0AtpuaFGVB=zhdwQ@mail.gmail.com/
MUSTAAAAAAAAAAAAAAAAARRDD
Bring back zeppelins
“It’s difficult to think of a worse (appropriate) punishment […] than continuing to be someone who would think this was a worthwhile way to spend their life.”
https://www.tracingwoodgrains.com/p/reliable-sources-how-wikipedia-admin
Bitcoin halvings are rarer than total solar eclipses. #few
Wakeup babe, new Satoshi emails dropped https://mmalmi.github.io/satoshi/
