I don't know why but this is hilarious 🤣 https://video.nostr.build/0b18edd0e5c5c3fdcbd8e65c5dc231d6be92e626182971007034740ffb93e720.mp4
When you have a first class contour make up artist on set! 😂
Are there any tradi fi fintechs that have managed to drive the cost of payments down to zero? Seems like such a crowded market I would have thought someone had figured it out by now? Also why is it the more you send the higher the fee? It’s not like they are moving physical cash.
#asknostr
When your instant reaction is you ‘felt’ something. I think that is what all art is supposed to do.
For those of you who might be interested, below is a cheat sheet of sorts regarding the announced policy change by the Chinese PBoC. Shout out to the team here at Z-Ben Advisors. They do all the heavy lifting. I'm nothing more than a glorified salesman.
cc nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
The announcement measures include:
1. 50bps cut on RRR. A further 25 to 50bps cut before the end of the year will be depending on economic conditions.
2. 20bps cut on 7-day repo rate.
3. A new stock market support facility (a swap program with brokers, insurers, FMCs for A-share investments); a special-purpose relending program for the banks to provide lending to listed companies and their major shareholders for buybacks.
4. 50bps cut on the outstanding mortgage rate. The downpayment ratio for second home is cut to 15% from 25%.
5. CSRC to announce supportive policies on long-term capital’s A-share investments and listed companies’ M&A activities.
6. CSRC to further optimize equity fund registration and promote broad market-based passive fund innovation.
7. NFRA to arrange the core tier-1 capital increase of the 6 large banks.
8. NFRA to expand its commercial banks’ subsidiary financial institutions’ equity investment pilot.
9. PBoC to support commercial banks buying land from property developers.
10. Optimizing the affordable housing relending program. PBoC’s share of capital commitment in the 300bn program is increased to 100% from 60%.
11. Corporate lending renewal policies.
Not a material change to the monetary policy framework.
Nothing on property developer bailout.
The A-share market support facility is interesting, but we need to wait for the actual rules, which will specify its size and terms. But this should further boost the ETFs.
NFRA’s bank capital increase and CSRC’s M&A encouragement are the things to watch.
Will see if MoF will do a heavyweight press conference soon.
Edit: Pan added just now: as for the swap facility with brokers, insurers and FMCs, the phase-one quota is RMB500bn. Accepted collateral include bond, equity ETF and CSI300 index’s underlying stocks. Institutions will receive treasuries and central bank notes for A-share investments. PBoC is open to further expansion of the facility.
Pan also said they are studying the possibility of a stabilization fund when answering a reporter.
CSRC chairman said CSRC will further support Central Huijin’s buying.
Thanks for the break down on this. Bitcoin has barely budged on this news. I would have thought there would be some type of positive reaction. And the local stock market only up about 1-3 %. What would be a better solution to this deflation trap?
😂 soon he’ll be selling his masters to a private equity firm
Accusations of paper btc and not having the btc they say they have
Watching V for Vendetta face 🎭
Way too many messaging apps IMO. Oxchat, simpleX, signal. nostr:note1kjlt7jazytl0uc92l99y6epl8cnnlagmg5tc2g4yces95guyyvesf6f6h3
Someone I orange pilled is asking what’s the minimum amount that you would suggest moving from soft wallet to cold storage/HWW? I asked what would be the amount that would have to be on there that he’s be devastated if he lost. He’s back up the seed.
Literally asking for a friend.
#bitcoin #asknostr
Just zapped your profile
Yep all the time. The more you fight it the worse it gets. Could you look at cheaper alternatives for the vacation? Put things down and come back with fresh eyes
😬Like ALL of it? Didn’t she try to reach out before she sold? Did she need the money?
Amazing! nostr:note1xhvphlgzj7255utmdfjv0p4tlpz6q9ze2vztqhjvwvhz4juhd6ds023y5x
Leica the weapon of choice for many legendary photographers
As phone identities become merged into npubs similar to services like:
My identity, through services like nostr:npub1tm99pgz2lth724jeld6gzz6zv48zy6xp4n9xu5uqrwvx9km54qaqkkxn72 are now:
Email: mike@mikehardcastle.com
NIP-05: mike@mikehardcastle.com
Lightning payment address: mike@mikehardcastle.com
Phone identity: mike@mikehardcastle.com
Future:
Passport
Driving License
Bitcoin separates the state from money
NOSTR separates the state from identity
This is self sovereignty!
This looks interesting. Is it open source? Not dug into it too much yet but could be a bit of a honey pot?