This is brilliant! So believably impressive a video like this could be but together in a mere 15mins. #Flood the internet!
We can not purge evil from the earth, nor should we wish to. Light and dark are two sides of the same coin. One cannot exist without the other.
“The line between good and evil runs directly through the heart of every ‘man’”
What we can do, BTC has done, is align the incentives that drive us so that, when working towards one’s own selfish best interest, one is also working in alignment with the greater good. BTC does this.
Hoping for animals not to act as animals is a fool’s hope but designing a system by which animals acting in alignment with their own nature are by the same action, acting to empower the system, is pure genius.
I wonder what sort of organising structures you have thought about?
I like the idea of an epistocracy? . Epistocracies retain the same institutions as representative democracies, including imposing liberal constitutional limits on power, bills of rights, checks and balances, elected representatives and judicial review. But while democracies give every citizen an equal right to vote, epistocracies apportion political power, by law, according to knowledge or competence. From memory the ancient Greeks were governed via an epistocracy (although I believe they called it a democracy… until that term was muddied by modernity to include all persons regardless of knowledge or competence).
A ‘proof of work’ concept that entitles you to a vote only once you have done the work to earn that right. There would need to be equal opportunity to “do the work” whether that work be through demonstrated knowledge or competence. Equal opportunity, not equal outcome. My 10cents.
Can never have too many Sats. Zap me please ⚡️🙏😁
Nice work! I love a road trip. Let me know if you are going to drive to the Cairns BB.
Crystal… short for crystal ball… also works as short for crystal clear signal.
March off Twitter!
Monopoly money… the bank can never go bankrupt.
The Fed added about $300 billion to its balance sheet this past week.
https://void.cat/d/UDKNKEAwg1f4bWkWxZrdL5.webp
This wasn't from buying bonds or ending QT, but rather from making loans. To the extent that they continue QT, they will likely need to keep providing this type of liquidity, so it's like the Fed is taking liquidity out of the financial system with one hand and putting it back with the other. They've basically hit the liquidity floor of the banking system, which seems to be around $3 trillion in bank reserves.
However, that doesn't mean the balance sheet will go straight up. The Fed will try to limit the balance sheet growth to whatever extent is possible.
After the September 2019 repo spike, the balance sheet stopped decreasing and started going up, and then it began to stabilize sideways by January 2020. It then got slammed by the COVID-19 and lockdown impacts in March 2020, and the money printers went into hyperdrive due to that.
This time, without such a crazy catalyst, the balance sheet will likely spend more of its time in that intermediate state, similar to what it did in that September 2019 to January 2020 period.
In other words, this is still going to be a bumpy process.
I appreciate you Lyn. Thank you for all you do and your generosity in sharing it with us.
I’ve been saying this for a while… WWIII is here, it started with the founding of the NSA in the 50’s (first shot fired). The rebellion forces have been front-lined by the cyberpunks since the 70’s whilst the rest of us were sleeping. Satoshi started sounding the siren for the rest of us in 2009, now the reinforcement are starting to flow in. Slowly at first, but momentum is building.
I’ve been saying this for a while… WWIII is here, it started with the founding of the NSA in the 50’s (first shot fired). The rebellion forces have been front-lined by the cyberpunks since the 70’s whilst the rest of us were sleeping. Satoshi started sounding the siren for the rest of us in 2009, now the reinforcement are starting to flow in. Slowly at first, but momentum is building.
What kind of wallet Matt?
Home ownership is a big focus in the land down under.
It gets better than that Jeff. Here in Australia, people don’t seem to mind when you steal their money fast. Since Jan 2020, we’ve lost 33% of our dollar’s purchasing power. Yet most people think they got richer!
So cool. I got my kids 10&12yrs to download the BBW last night, they went through the earn to learn program and now they are zapping me and each other Sats. Great way to introduce the next generation to BTC and lightning.
So excited, I’ve been trying to Orange Pill my 10&12yr old for 2 yrs but no interest. However a local legend #[0] suggested we try the Bitcoin Beach Wallet ‘earn to learn’ and both kids loved it. They are now planning to use the program to orange pill all their friends with mobile phones. Great way to get them to learn about and start playing with this emergent tech with their friends and very small amounts of Sats. #[1] 🙏
#Adopt Bitcoin whilst you still can.