Great article, as always. Zapped you 21sats for the privilege of reading it.

Can't wait for the day when zapping becomes seamlessly integrated into accessing high quality content. The incentive structure for both producers and consumers becomes aligned, resulting in net gains for both.

Nothing to see here. Move along.

This is fine.

And what, pray tell, is that way out? /s

The little blip upwards in the last couple months is the "bounce" and the continued downward slope afterwards is the "rolling over"

I just found that this works in Amethyst too. A lot of 21 sat zaps incoming!

Hey NPR, maybe you should check out a decentralized social media protocol. But careful! If you post some good content, people might zap you some Bitcoin and we know how you feel about that!

https://www.npr.org/2023/04/12/1169269161/npr-leaves-twitter-government-funded-media-label

Hey NPR, maybe you should check out a decentralized social media protocol. But careful! If you post some good content, people might zap you some Bitcoin and we know how you feel about that!

#[0] and #[1], thoughts on the deepening inversion?

My new rebuttal to any energy attack against Bitcoin is really simple:

Cruise Ships, Christmas lights and tumble dryers. All consume energy. All are "unnecessary." But we allow them to exist, so why the FUCK are you going after Bitcoin?

Does par mean the price they originally bought the bond at? Or what it will eventually mature at? Or are those the same with the interest being paid out periodically between sale and maturity?

Can someone smarter than me like #[0] or #[1] explain to me what it means that the government is going to buy or honor SVB's long-dated treasuries at par in order to provide them liquidity? Specifically what does par mean here?

That didn't last long 🙄🙄🙄. #[0] some good source material for your next show.

Was never a Twitter user so getting used to tagging. Gotta give credit where credit is due: #[2]

Gotta love Lyn pointing out how ludicrous our banking system is:

The sharp decline in short term Treasury yields yesterday shows how broken our financial system is. No longer can investors take any type of long-term growth-oriented approach. Rather, we are forced to make economic calculations based off the words and actions of the Federal Reserve. In the case of yesterday's price action, the volatility came from expectations of what the fed "might" do, not from any official statement. The irony is that the volatility that springs from this system inherently makes the system more volatile, like a poorly constructed suspension bridge that is hitting its resonance frequency.

The most sinister lie that Keynesians/MMTers will propagate is the idea that savings do nothing for the economy, that only once those savings are spent does the economy benefit from this increase in consumption.

Nothing could be further from the truth and this lie underpins our credit-based, inflationary monetary system.

The truth is that ALL savings = investment.

If I have $25k and decide to hold it in my savings account rather than purchasing a new vehicle, I am signaling to firms that what’s on the market is not worth my $25k. So if you want my hard-earned money, you better either 1. make the same car at a cheaper price (efficiency) or 2. Make a better car at the same price (innovation).

I saved, firms invested. Keynesians/MMTers need to go back to first principles.

Running Nostr