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You’re not in web3. You own a jpeg and a shitcoin.

#coffeechain

You think you buy land / property, but actually it’s just a state permit to enforce violence on trespassers.

HSBC, the largest bank in Hong Kong, launched #Bitcoin ETF trading

un₿ind your mind

Yeah, totally agree. It’s is such a mess anyway. I gave up trying to explain macro and just stick to “Number go up”, “Freedom money” or sth like that 😅

There are nuances there:

Commercial banks earn from money creation (lending)

Governments must sell bonds to other actors (money swap) or central banks (money printing) and pay interest on those bonds.

High interest rates means they must pay even more and finance that interest with even more bond sales leading to debt spiral.

Recent inflation is actually more due to large government fiscal deficits than bank lending. Raising rates helps to decrese bank lending, but doesn’t help much or even worsens inflation from fiscal deficits.

Anyway, you didn’t say anything wrong there. Just adding some nuance. Lyn Alden explains it very well in this article.

https://www.lynalden.com/inflation-vs-interest-rates/

Thanks for letting me know about VPN issues. I also had these problems with Alby since started chillin in Italy!

Post-hyperbitcoinization