Both Substack pieces are great; I haven’t read the paper yet.
Stablecoins seem like the best way to maintain the “Treasury Standard.” In time banks will have to join that party, especially if the market gets comfortable with something less than fully reserved stablecoins.
Banks would also argue that only they (as regulated entities) should be permitted to issue fractional stablecoins and if they succeed, there won’t be enough margin in fully reserved stablecoins for non-banks to compete.
There’s no crime in not understanding something. But by the time you reach middle age you should have a decent grasp of what you know and what you don’t. What a moron.
The #BitcoinPolicyInstitute has established the #PeertoPeerRightsFund to pay legal fees for the #SamuraiWallet defense.
You don’t have to use or even like Samurai to donate. This is about defending #P2P payments.
I’m in for 0.001422 sats - how about you? 
#Treasury is buying back #debt again but this time it’s not with surplus #taxes and it’s not to reduce their indebtedness.
13 Jan 2000
Large totalitarian regimes would overrun us. Believe me, I’m AnCap in my heart but our neighborhood suggests we need some stable entity to maintain our nuclear deterrence capabilities.
“Sophisticated”
https://video.nostr.build/1285a50a7939859ea5b28a6b0647ecd9cdae9484d3e4931cd8572bad381db488.mp4
H/t Coinicarius
The sound of her voice makes my skin crawl every time I hear it. Then it reminds me of Rocket J. Squirrel, which restores my happiness.
“If you seek perception with a strong voice, if you seek her as silver and search for her as treasure, then you will understand the fear of the Lord and find the knowledge of God.”
#Proverbs 2:3-5
Gen X here. It’s not that I disagree, it’s just that I’ve found that I’m happier when I see people as individuals. Just my two sats. ✌🏻
Have there been any test cases yet, challenging AML on privacy grounds? Hate that angle, but it’s how the system works.
Exactly. What’s the intrinsic value of the USD?
#uniparty nostr:note1sq868qtdxkkp72mn8tefkp9nlh92p5cjmquxr40x5ww763w7c33qpvy00g
“It is better to dwell in a corner in the open air than with wrongdoing in plastered rooms and in a shared house.”
#Proverbs 21:8
Wow. That shows you what I (don’t) know. Thank you for that. Seriously.
Agreed. Fiber & healthy starches in proportion are useful carbs. It’s the sugar carbs that kill.
“Cowardice possesses a weak man, and the soul of the idle man will be hungry.”
#Proverbs 19:15
A downgrade to neutral is generous. The legacy international remittances business is the most vulnerable industry to a bearer asset with instantaneous settlement. WU would be better off ramping telegrams back up. nostr:note134qvxqr3kjfg5gcwp9xme77ld4p9k3we33p4ydaaeegcs23k29tsu0ee8z
“Let a friend be with you on every occasion, and let brethren be useful in necessities, for they are begotten for this reason.”
#Proverbs 17:19
“Arrogance goes before destruction and folly before a fall.”
#Proverbs 16:30
“He who rejects instruction hates himself, but he who gives heed to reproofs loves his soul.”
#Proverbs 15:37