It has better food than France too

I really should move to Texas.

I imagine the Lightning Network like a network of rivers and tributaries, with liquidity constantly flowing, new streams forming while some dry up, and liquidity eventually reaching on-chain before being rained back down again into channels to refresh the system.

It's counterintuitive, but the countries undergoing hyperinflation, are often more sound than other countries undergoing normal inflation.

Government, of course, is as fiat as they can be, printing money so they can squeeze out Cantillon benefits, but everyone else adjusts.

Individuals and businesses move to a dollar standard, which in those countries is much harder than their own currency and those on that standard have to create value. They can't just get dollar loans as the risk is too high. Hence, they have to operate from savings and the businesses are a lot more sound and focused on adding value.

For me, this is why Argentina and Lebanon were so pleasant to visit. They avoid as much as possible their governments' debasement and have to operate in a manner that's more legitimate.

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Another day another blessing.

have any MURICAN🇺🇸🏈🦅 bitcoin bros thought about the following:

is it conceivable that an extremely bitcoin-friendly state legislature (Wyoming? Texas? Florida?) could create a regulatory environment to allow for USD-based fully reserved banking that simply has no connection to the federal reserve system or any federal regulatory agencies?

so Custodia or The Narrow Bank, but presumably needing to keep business in-state?

if so, could it work mechanically? you’d obviously be cut off from FedWire but what about ACH? it could conceivably issue and acquire for card networks too via whatever clearinghouse options work mechanically, unless political pressure cuts this off? but then, if the starting point is friendly regulation, surely part of that could be: “listen up, VISA, either you let AllenBancorpOfWyoming in or you GTFO our state”?

this can go in a bajillion directions, so any and every thought entirely welcome. please also tag whoever you think would have interesting thoughts. I’ll start with #[0], #[1]​, and #[2]​ … what do you all think?

What series Land Cruiser?

I bought me an old Volvo. I’m smitten: it feels solid like a tank, drives ever so smoothly, and clearly loves the highways. I should have done this years ago!

How do you know SVB was a mistake?

Feels like they're trying to eliminate all the on/off ramps for exchanges.

Good luck playing whack-a-mole! China tried this 8 years ago and people there still own Bitcoin.

They'll be much more successful taking the treasuries of altcoin foundations.

Prime Trust next?

So now US banks are inflation hedged across their entire bond portfolios on their balance sheet….for free….whether they were managing that risk or not….

I wonder what “interesting” incentives will pop out of this…🤔🤔😳😳😳😳