Depends on your definition of CBDC. Some definitions would suggest we are already there with the current fiat system.
Yup. And they didn’t need a PhD to the toon of 6-figures to do it either.
🤣 priceless. Just sent that to my brother-in-law.
God’s truth is in the Bible, in His Word.
There is only one Christianity. It is taught by the Bible. The proverbial church does not change the character of God. The Bible teaches you the character of God. You are more than energy and matter that collided billions of years ago that resulted in a being without meaning or purpose. You are made in the imagine of God, by intelligent design, with a very specific purpose for a very real good.
I just saw this as well. It effectively makes cash a L2 on BTC. The bank that FDIC insures $250,000 needs cash (liabilities far outweigh assets at every bank). River makes money on the arbitrage and likely the % of revenue they generate for Lead Bank. You benefit as a holder of both BTC and cash.
One problems is obviously trust of full reserve holdings of your BTC. But River has gone out if their way to show proof of reserve. You could always remove a given admit of BTC after you made a little.
Another problem is supply of Bitcoin eventually. ETFs bought 9x the new issuance for the month of OCT. This amount of interest in BTC isn’t sustainable for long unless the price of BTC in USD goes parabolic.
You guys see what #River just did?
I can’t thank you enough for deciding to post this and not taking the apathetic position simply because culture thinks it’s cool. Well said. Good times make weak men, and we’ve had it good for a very long time.
The list goes on and on and on…
Have you seen the pictures of Tony Podesta’s house? It’s sickening.
A majority of the price action (>60%) is due to leveraged positions.
bitcoin feels biblical to anyone who has done the work.
it is truly the story of David vs. Goliath, good vs. evil.
bitcoin is our slingshot.
- nostr:npub18678fyrar7fg7gy77ggwsuk2cqe74ull38ng2v5x63werc63a70qw02kgq
#BitcoinTwitter
The enemy comes to steal, kill, and destroy. Printing debt, that I owe, without my consent, steals, kills, and destroys my time and energy. It’s less time I have with my wife and kids. Less time I have to live. Less time I have to worship.
Haha I can genuinely say I never have encountered a strange dick, but love strange sats haha
I personally don’t understand why everybody gives #Trump such a hard time for being a #shitcoin advocate. He’s embracing a non-tradfi position. We currently hold the best money of all time, and he’s advocating for less regulation around the space. I know he doesn’t understand #Bitcoin like a maxi, but the guy made his fortune in the #dollar, back when it could actually buy something. He’s on record saying there will be no #CBDC in his administration. I think we call it a win.
I gotta feeling we’re going to have a big next 24 hours. #bitcoin