There we go!
Footnote: beyond the loss of confidence, we would have the obvious transfer from restricted reserves, mandated to be incapable of generating credit, to fresh cash ready to expand.
Last time my auntie tried to withdraw 20k it took her two days. On the second day, she had to call the police; the bank's final request was her ID was fake. You can't make this stuff up.
Hi nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhkummnw3ezumtpd35kutn0dekqz9rhwden5te0dehhxarjwdshganp9ehx2aqkrad8w, if the introduction of new payment computers could theoretically expand the monetary base at a rate that offsets quantitative tightening (QT), then in a vaccum the 'money multiplier' might remain unchanged. In other words, if this happens, no cash would be retired—it would simply require an infinite amount of trust no one is taking advantage, right?
Until bitcoin takes over, risk will not be rewarded, nor quality will emerge. We live in a world of cuts and over utilization.
Lies, search for truth.
BTC is going to 0 or $250k in the next 10 months. Is going to 0 or $1m in the next 5 years. This spread is part of the same reality. Money needs to be one, credit needs to be siloed. This is not a bitcoin thing, is a money thing. This is not a currency thing, is a credit thing. Credit can play as money, money won't play as credit.
If 0 will harm you, you should sell and never look back. If you know how to fight, if you know how to die, I will meet you on the other side.
Hope this adds to the effort ==>
If you are starting a 10. If you are a BTC enthusiast a 9,5 (me being tough) I was surprised how entertaining it was and how helpful the footnotes were. If you already know it all, probably not for you 👍
Just finished nostr:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv The big print. Great storytelling and insight! Plus, now I know why probably chapter 13 hacked his X account.
Pre-ordered, not sure why it didn't go into my Kindle automatically, just reconfirmed. Thank you Mr. Lepard! I know I will love it + learn a ton.
Tx HODL, I don’t know what this protocol does, but it makes me feel we’re all in this living room, beautiful tech.
One of the fondest memories I have of my kids is the first time I saw them discover the immensity of the world, just staring at the horizon. It brings joy and appreciation every time, best described as tears that only I see.
Funny though, I wouldn’t put it that way if we were in the living room. Again, beautiful tech.
I don't know any better than the guy next to me, but I know a little about creating narrative when refinancing is at the gates. Is in this light that these trade tariff wars sounds not just great, but timely.
If women are men w/o reason and accountability then men are women w/o emotion and an understanding of his rights. Probably why we work so well as a team.
what&how... ensalada de canónigos con salmón ahumado (sin azucar), quinoa, queso azul, aguacate, tomate, pepino, nueces, aceite oliva y vinagre. No te pases con las cantidades y enhorabuena!
"In each century since the beginning of the world wonderful things have been discovered. In the last century more amazing things were found out than in any century before. In this new century hundreds of things still more astounding will be brought to light. At first people refuse to believe that a strange new thing can be done, then they begin to hope it can be done, then they see it can be done—then it is done and all the world wonders why it was not done centuries ago."
F. H. Burnett - 1911
Premium in $MSTR is not given by market belief, these are not animal spirits that never set foot in this world. It's the realization that you would be purchasing with credit ever scarce bitcoin at $MSTR historic average price. Premiums that every bitcoiner in the world collect in their hard wallets from inception if they listen. Mr. Saylor built a vehicle for institutions and shared his playbook.
When it clicks you need to know, the ultimate “most insanely dumb spending of your tax dollars”, dixit Musk, even beyond war, is moral hazard. Its amazing being here, walking this path with Y’all.