Oh man, I am really appreciative for Lyn’s insight into the 2008 meltdown. If you have a copy, skip to page 276-281. In those 5 pages, I understood in language I could understand more than all I’ve heard or watched before.
“If there is 63 times as much total debt in the system (IOUs for dollars) as there is base money (actual dollars), then perhaps most of that debt is unrealistic and needs to all get wiped away? Or should policy makers step in and prevent that collapse from happening?”
Thanks for taking the time to write Broken Money nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a. I’m chipping through it weekly as I sit at swimming lessons.
This helped me to realise the ‘dollar rug’ and ‘socialised bail out’. I kind of got it, but this helped.
Also, liked the analogy of 63 kids playing musical chairs with 1 chair, and ‘so long as the music played (the banks could trust the other was solvent), the music played’; until it didn’t. 
Zapstream main driver. Love to see it. Click on the link, dumped straight into a Yellow barrage 🍌
“You either go with an authority that helps you remove 99.99% of the existing garbage or you use an approach that, much like cryptography, makes the cost of putting garbage in front of your eyes asymmetrically expensive.”
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Where did you escape to previously? Not NOSTR…
Appreciated your post about Blinkin’s commentary about Africa Stream. Will read a bit more myself
Had Apple’s Safari browser read this to me using ‘read mode’ and ‘read to me’.
So good. Now I get NBS as a pod each Monday. 🎩 to nostr:npub132ertlsrunh600cph2au55ssmel2cqdt5mnrpxfand5ych4nmp8q50zmdh for the idea
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CC not difficult to use, but the price and way to access CC is the barrier to entry.
Nothing easier than CC & Sparrow, but pricey. If you’re making it your own bank, then you should get steel doors, guards and dogs I know, but is it such a dumb move to go a ledger (top of the funnel as NVK says) before they jump to CC or other?
Hilarious response. Ok ok. Thanks for taking the time. Bullet proof is enough
After explaining that cigarettes can be money, Peter Schiff states
‘You must be smoking something to buy bitcoin’
Made me laugh.
Good chat
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Huh. Just noticed load lag. Odd, as it has been smooth as silk checking in later
Getting a long overdue education on ecash. Ty nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg - I’ll have to learn to zap now to offer some REAL gratitude
Just started reading this article giving insights into Craig’s thinking behind Sparrow Wallet 🐦
“wallets with simplistic interfaces that display your Bitcoin balance as if it were a bank account balance are doing a disservice to the user.”
nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 is a legend
Why a smart move?
I can see a big advantage in that you don’t coordinate with the same crew that made the device, but what are the big reasons to make the switch?
I ask, as CC is less accessible for a new entrant than a Ledger
Fountain is raining down Ws
🤌@merryoscar
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🎥🍿
‘We’re playing the whole thing*’
Second by second. Stay #weird
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