This is us on Nostr. Our site is bobspaces.net
#[4]
Yo, if you Buidl on #Bitcoin, see 👀
https://twitter.com/BOBSpace_BKK/status/1635820198497492992?t=2Y2vCuA00nwgrBKy2GStgg&s=19
Pop the champagne 🍾
Winner is in 🏆
It's BTFP (Bank Term Funding Program) 🎉😂🤡🌏
BUT
2023 BTFP < 2009 TARP
BOTH are shit 💩
BTFP contains bigger doo doo 💣
Stay tuned..more to come surely
And if not for #Bitcoin, don't think I could be as objective.
#[0]
Next on the reading list
Oh, and a good heuristic: whatever the Fed or Treasury says publicly, they’re probably gonna do the opposite 😂
Especially true during times of inflection (aka financial crisis).
Yep, and this false precursor narrative by Yellon 👇 is eerily familiar, having lived thru the 2008-09 GFC. Same story just different players and bigger numbers, unfortunately.
So more papering over to come.
Don’t believe the headline. If a more ‘systematically’ important institution in addition to SVB were at risk, can bet ur ass that bailouts will come. Just look to 2008-09 where Bear Stearns and Lehman were allowed to fail (and taken over), whereas firms like AIG, GE, GM, etc. were subsequently deemed too big to fail and bailed out with taxpayers’ money. Eerily familiar scenes and narratives.
Like I’ve said to several people last year, 2023-2024 will be statistically worse than 2008-2009, but it will ‘feel’ anecdotally better to most people since we’ve been primed with COVID, lockdowns, hyperinflation, etc.
Fortunately, this time around, those of us (who see) have #Bitcoin. So HODL on and GFY to the fiat-cucked narrative spinners.
Somebody probably already did and just waiting to spring the surprise on everyone 😂
Nice. We need more self awards in this day and age
Yah, I don't know ...
If they're Bitcoiners, they surely will be ...
Why are badges a thing? Is that the new blue checkmark or NFT-like community flex tool?
Reminds me of those girl/boy scout patches for tying knots, CPR, etc.
😂 yep true dat. Still getting over scrolling trauma. Had to stay away for a bit
Ecash (Fedimint and Cashu) fixes this ...
#[0]
Verifying my Nostr Nests identity: o0iMyC08JXM5pn-Yl4iZbjs9B9sxA-yLiF5EFBqOJv4
Well, minus the Hell Chain
Gotta ask Yegor. I just compile and make up character names 🤣