The bad banks are all going to be consolidated into the big four banks, which doesn't solve the problem. It simply centralizes all of the risk into fewer institutions.
Can’t hurt to build in redundancies! If Tor goes down or becomes unreliable, which has happened in the past, it’s good to have fallback options.
If bitcoin is to be successful in the long-run in avoiding being co-opted by the government, it is going to need to be sufficiently robust.
Creating alternative tx relay networks and private tx broadcast mechanisms is a great way to increase robustness.
I think today is the day that it has become abundantly clear to markets that we are in the middle of a systemic banking crisis.
It's days like today that I am extremely grateful that bitcoin exists and that some of the smartest people in the world are working to ensure it's success by building tools and applications that help realize its full potential.
There's no stopping an idea whose time has come.
The current administration in the US is trying their hardest to stop bitcoin. Their efforts will be in vain and they will be remembered for the despots they are when bitcoin succeeds.
Preventing people from using bitcoin is one of the most evil things one could do right now.
Very proud of the work we're doing at Ten31 to support the companies building the infrastructure for the Bitcoin Standard.
Countries with little to lose and everything to gain will make the conscious decision to begin getting exposure to bitcoin because it presents them with the best risk-reward profile.
https://tftc.io/martys-bent/issue-1338-hyperbitcoinization-starts-at-the-edges/
Next regional bank on the chopping block. PacWest Bancorp is currently walking the plank.
Tucker talking about Building 7.
RFK coming at vaccines and the CIA.
WSJ writing about powerful people meeting with Epstein.
We're about to see a rapid acceleration of the normalization of many "conspiracies".
Too many people certain that interest rate policy is going to destroy demand and lower inflation. Not enough worried that a rapid rise in the cost of capital is going to massively bork the supply side and render demand destruction mute.
I am under the impression that the Fed is stuck in an impossible position and no matter what they do inflation will continue to rise.
We've officially reached the point where central bankers are openly telling people that they can "have fun staying poor" because they earnestly believe that there is nothing the common man can do to fight back against their ability to devalue the money whenever they see fit.
Doesn’t concern me. Think it’s a fact that many are unaware of.
"Heavy is the head that wears the crown."
This phrase certainly rings true for the US Dollar and its position as the global reserve currency. Peruvian Bull explains how the dollar became the reserve currency and why we're in the dollar endgame.
https://tftc.io/tftc-podcast/414-the-dollar-end-game-is-here-with-peruvian-bull/
Major ASIC producers are seeing bigger sales volumes in Russia than the US right now.
The central banks are beginning to tell you how it is. Their policies are actively making you poorer and there’s nothing you can do within their system to change that. The only way out is to opt-out with #bitcoin.
Bitcoin is a forcing function for accountability. Those in politics, economics and finance who have become completely unaccountable are allowed to do so in large part because of their access to the money printer. If you take the money printer away there is no other option but accountability.
This is our time to shine. The world needs bitcoin and nostr more every passing day. Everyone who is working on bitcoin and nostr is doing virtuous work that will be greatly appreciated for centuries to come. Proud to be here with all of you.
The rise of independent content creators and protocols like nostr that enable them between now and 2030 is going to be glorious. It’s going to be a long haul but I’m confident we’re on the cusp of a massive shift that will prove to be incredibly beneficial for humanity.