nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
We need you teaching and explaing the steps ahead where you are.
I feel like, bad analogy, if you're a Uni Prof... you're teaching all levels RN, 1st year, 2nd year etc.
You need a team of people distilling the baseline economics while you can work on Fedi and Fedimint. The side chain L3 stuff is light years ahead. But it's adding complexity cubed now lol.
Economics it's self is being reinvented. Butnits really hard to stay on top of the ideas. I'd pay to have you and more peers teach people higher concepts.
I won't sleep tonight watching what the BOC is up to. This is bad.
Why is Canada so non-progressive?! Ugh.
Thank you! - Sleep well and spend your time with those you love doing the things you love. System changes like this take a long time and are filled with twists and turns. Truth and hope will prevail (in time) and if you’re spending your time there….you’re already seeing the future.
This is brilliant! The best comedy often reveals truth.
I think that is a reasonable probability but even in that event, or a worse event that many G7 countries tried to close the doors to it in a coordinated fashion, Bitcoin will continue to advance (maybe as an underground economy) and eventually force their hands to accept it.
Remember: “They” only have power be “we” give it to them. As people come to understand it is themselves who has the power, minds change (over time) and the system changes. In other more words….fear of that control structure keeps people stuck within it.
In the meantime - in the world we’re moving into, retain flexibility. Lots of changes imminent and impossible to long term plan best regions with certainty.
#Bitcoin should give you an ability to be flexible as nations will compete for talent and capital and that capital imo, will be measured in #Bitcoin.
#[0] is Morpheus’ residual self-image
only Jeff sees the post-transition world
you and I aren’t early; we’ve simply chosen to be saved
nocoiners aren’t precoiners; many are inert, hopeless dependants to the current system, and that makes them our enemy
they will fight to protect it
- are you reading this, #anon?
or are you distracted by $PEPE and #ordinals?
https://m.youtube.com/watch?v=YgJ5ZEn67tk&pp=ygUdd29tYW4gaW4gdGhlIHJlZCBkcmVzcyBtYXRyaXg%3D
Agree with the distraction of $PEPE and ordinals!!!
😂 Not sure about the rest.
Stay above the noise! It’s all part of the transition.
Very good summary and historical perspective to keep you out of the noise and chaos that is coming. #Bitcoin
“The Fed could have printed four or five billion to recapitalize the banks in 1930 – but the number that mattered was multiple times this amount – the tens of billions of annual total system Credit growth necessary to hold collapse at bay. The Fed could have bailed out Lehman, but the number that mattered was the $2.5 TN or so yearly Credit expansion necessary to prolong the mortgage finance Bubble. The number that matters today is probably around $3.5 TN annually. And the inescapable problem is that to continue a massive late-cycle inflation of nonproductive Credit feeding a deeply maladjusted system risks a systemic crisis of confidence – crises of confidence in the markets, in policymaking, in debt structures, and the monetary system more generally.
There is no alternative. The system faces an extremely challenging adjustment period. Today’s banking crisis is only the initial phase. There are no easy answers or painless solutions. And I’m assuming a plethora of bad ideas (i.e., short selling bans, system-wide deposit guarantees, larger lending facilities, additional QE and who knows what) will only make for a more destabilizing day of reckoning”
Source - http://creditbubblebulletin.blogspot.com/2023/05/weekly-commentary-extraordinarily-sound.html
Sorry - If you're talking about a wallet to integrate to nostr - then wallet of satoshi or getalby.
Of energy + compute + operational costs - yes….But because everything else will be measured against it as it chases abundant energy - doesn’t change that everything else falls against it.
😂
Agreed! Didn’t say it was and neither did the memo. That was the point.
Leaked internal Google memo.
Open source wins.
Remember - prices fall to their marginal cost of production!!!
And ONLY #Bitcoin can measure that properly.
It was aimed for an audience that is just beginning their journey so depends. Imo, the Microstrategy announcement showing what they built on lightning for enterprise combined with the businesses in attendance and their engagement just started an “arms” race in favour of the customer, #Bitcoin and #lightning.
I like the Breez wallet.
Wallet of Satoshi is custodial (so I wouldn’t leave a big balance on it) but really easy for beginners.
The Microstrategy conference was outstanding, and also reminded me how few people really understand #Bitcoin and #Nostr but are willing to learn in an open and constructive environment.
#[2]
You’re welcome - get a lnurnl in your profile so you can receive zaps.