The price of Bitcoin in USD really doesn't matter in the long run. The numerator is a shitcoin that will continue to get devalued.
What matters most is Bitcoin adoption, developers continuing to build Bitcoin products, and improving the overall user experience.
The classic definition of bag holder. 🤣
https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3
In 1929, some 9,000 banks failed because of liquidity issues. History is repeating itself almost 100 years later.
Would be nice if they gave us Nostr users a chance to win as well 🙂
Agreed. Although I am not a Damus user (so I don't know how good or bad it is compared to its peers), all clients are very new so expect growing pains on all fronts.
UBS taking over Credit Suisse makes it far less attractive for people to own shares in a bank. At any given time, the bank that you invest in could collapse and be sold for a fraction of the "market" price. This lack of faith in banks will have a problem for smaller banks, as their market cap will shrink and the will have a more difficult time to raise capital.
Every time I see TradFi bros
The Fed is doing moves to restore confidence in the banking system but they are making it easier for foreign actors to crush the US. A state sponsored bank run on a few smaller banks would have a cascading effect that could bring down the entire system.
One Central Bank to rule them all, One Central Bank to bankrupt them, One Central Bank to corrupt them all, and in the darkness bind them; In the Land of Fiat where the shadows lie.
We will crush the enemy and Bitcoin will win.
I get reminded about my age every time I pick up an old technical book that includes URLs that no longer work.
A reminder for those who still use Twitter, you will need to use an authenticator as a 2FA as of tomorrow. andOTP is a good open source authenticator which is secure. It is available for download on F-Droid.
From no inflation, to is transitory, to inflation is good for us, to we have this under control, to 2% is that target in 24 months, to banks are solvent, to we won't bail them out, to this won't cost taxpayers a dime.
How fucking stupid do they think we are?
It is a cesspool over there
I checked the price of bitcoin and noticed there was a pump overnight.
The first thought that comes to mind is what bank failed.
2% inflation is what central bankers strive for because the devaluing of your time, effort and energy is slow enough that you won't notice it. It will also allow those close to power to gain tremendous wealth since the system is rigged.
ETH central planners were hoping to allow cucks to unstaked their ETH on March 14. That date has come and gone and bag holders are still unable to unstake the shitcoin.