What you're missing is that it's not like this in many/most? places outside the US.

Today was my first day in Madeira 🏝️. We went to 3 cafes and I used my Cashu wallet for lightning payments at each one. Never touched a credit card, cash, or fiat of any kind. This is magical 🪄

Truth is hard to assimilate when it is opposed by interest. You cannot really understand how the world truly works unless you have financial independence. Once you achieve this state, it changes everything.

It enables you to look at reality in a truly unbiased manner. Aim to achieve financial independence at the earliest time. That is when you will start seeing the world as it really is.

It is difficult to think and act long term unless you are financially independent. Financial independence doesn't mean you don't work, just that you don't need to. It removes the internal distraction of unpredictable employment.

The goal of financial independence is to stop depending on others (bosses, clients, a schedule, a paycheck). True wealth is measured in terms of personal liberty and freedom, not monetary currency.

Money alone does not signify independence. Control over time does. The only definition of success is to be able to spend your life in your own way.

LMAO, a mere HOURS after Jim Kramer talked positively about #Bitcoin, it dumps 6% 🤣🤣

THE SUITS ARE LEARNING A LESSON IN SCARCITY THAT THEY WILL NEVER FORGET

#SATSQUEEZE

No need to be condescending, your fellow citizens are just fine with their comprehension.

Sure, it should be understandable to normies, but not everything can be abstracted away. People had to learn what email addresses are, and now they'll have to learn what keys are.

Yep, I agree. nostr:note1rwguhjanud5xlyxrlmzjjw9k6qprnrgv50jk46wjetg5kqd9ax0qhtuk77

All our collective efforts in 2024 must be employed in developing a Nostr app with a single button. Users won't have to think, they will just press that button and they will be fed with content selected to them by an amazing algorithm. When they are hungry they press the button and food will be put inside their mouths. Whenever they feel a little bit of discomfort in their bodies they just press the button. The app cannot mention relays, keys or the word "Nostr" because that will intimidate users, it should have a familiar name, maybe it should be called "mom", since that word is very familiar to all normies since when they were babies.

At any time we can not stop the passage of time, but on the last day of every year I will spend in the gym and reading, because only they can extend the time and gain the wisdom of time. It's a reminder of what to do with the year ahead. I will do the same on the first day of the New Year.

2024Happy New Year!

I am utterly unafraid of CBDCs.

The hysteria is mostly formed from superficial doom-circle-jerk analysis. Successful CBDCs will be a private federated ecash (or something very similar), the wisest built on the Bitcoin stack:

* Private banks will not sacrifice their power over money production via debt (as mints' status quo can continue).

* Privacy/fungibility and acquiring users overrides any Stalinist incentives.

* All we need is 1 sovereign currency producing country to use a fedi-like system built on Bitcoin, Gresham's law will do the rest.

* Building digitally native money is really fucking hard, do not underestimate the work we have done, and how governments will make use of it.

Zoom out. Post WW2 monetary order was a design choice, the next will be for apolitical money as world reserve currency, (let's not be humble) Bitcoin really is the best candidate.

Sovereign currency-producing countries, who actually do their homework, know all this. Having a native digital currency entirely interoperable with other countries' currency via its apolitical base (Bitcoin) IS the solution we are tip-toeing towards. Humanity moves toward greater liberation.

As time wears on, and liquidity pours in bitcoin, it will become stable enough to use naively. Whether people will use really depends on how poorly their CBDC treat them.

This is how hyperbitcoinisation happens.

You've never been almost beaten to death. That was not a choice.

The hospital didnt know who Inwas and didn't have my insurance and until I woke up Inwas taken care of by choice with people that had empathy.

I had insurance but before that came in you would have me die because, social programs?

May life treat you as you see it, Sir.

You've obviously never had "choice" taken away from you by force or life.

Your absolutist view is infantile. Probably entitled and hyperpartisan too.

Will you pay for everone's moving van's and fees and gas?

Sad how broken money is breaking dreams

#m=image%2Fjpeg&dim=1080x1745&blurhash=%5EPB%3A%3Fht7IYjFRkbItpkBRpV%40kCbIR.j%5BahWBofbIMuj%5Bs*WBocfkI7oLt0azfOj%5BMtoLxUbHWVj%5Bnyj%3FoubHWDayt7oJbbbHWFaf%25NjZS6bHWEaf&x=3816282e4d91571b62c45ed884bb42ff611b4b1d7d430f4bceea12e873d0cb3f

The Fed's Bank Term Funding Program (BTFP), the facility that they introduced after the March 2023 banking crisis, now offers lower borrowing rates than the Fed pays in interest on reserve balances.

So, banks are arbitraging this by borrowing from the facility (i.e. from the Fed) at one interest rate, and then depositing that borrowed money with the Fed to earn a higher interest rate, and thus are earning that risk-free spread. They're arbitraging the Fed.