GM #plebchain, stay humble, stack bits/sats, and think for yourself.

Interest Rate Risks are Collapsing Banks

https://jameslavish.substack.com/p/interest-rate-risks-are-collapsing

Fed Funds is at 5%, and they’re paying customers 15 basis points on deposits, keeping 97% of the spread for themselves.

Note: 5% has 500 basis points, and they are giving their customer 15 basis points of those 500 bps

What a deal for the big banks 🤔

https://void.cat/d/5kAZQ8nsPdqSFDxpDzbqJf.webp

Coinbase to SEC - TLDR slides.pdf https://drive.proton.me/urls/BZTMNZ541M#RmO4YVCADJg2

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs

detailing the Biden Admin's coordinated, ongoing effort across virtually every US financial regulator to deny crypto firms access to banking services

https://www.piratewires.com/p/crypto-choke-point#footnote-anchor-1-101709817

"Hong Kong has adopted a friendlier tone once again, as has the UK. The UAE and the Saudis are looking to attract crypto firms. And US regulators can scarcely afford to forget what happened with FTX, in which they curtailed the business activities of onshore exchanges, effectively pushing US individuals into the waiting claws of SBF. If bank regulators continue their pressure campaign, they risk not only losing control of the crypto industry, but ironically increasing risk, by pushing activity to less sophisticated jurisdictions, less able to manage genuine risks that may emerge."

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

Price is information

Money is a language

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

Recovery Phrases Explained

https://cryptoconsortium.medium.com/recovery-phrases-explained-663fba5755fe

Also keep in mind

Google can see the secrets, likely even while they’re stored on their servers. There is no option to add a passphrase to protect the secrets, to make them accessible only by the user.

Basically Google Authenticator cloud sync/backup is not E2E encrypted

https://defcon.social/@mysk/110262313275622023

Have been warned.

Crypto is not Bitcoin

Bitcoin = Store of Value = Potential Energy = Energy at Rest

Bitcoin = Medium of Exchange = Kinetic Energy = Energy in Motion

BoE chief risks fury as he says Brits must accept they are poorer after Covid and energy crisis and stop chasing big pay rises to keep up with soaring inflation

https://www.dailymail.co.uk/news/article-12012135/BoE-chief-risks-fury-says-Brits-accept-poorer.html

https://open.spotify.com/track/4Q9zJZBVJRGkiOWaZbEFIK?si=t-5uiGCVRvSQu2_jJuQ2Ug&dd=1

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

What is a Key Compromise Policy (KCP)?

This policy covers the existence and use of procedures that must be taken in the event a cryptographic key/seed or its operator/holder is believed to have become compromised.

Procedures must be in place to deal with a situation where a private key has or potentially become:

- Known

- Determinable

- Destroyed

GM #plebchain, stay humble, stack bits/sats, and think for yourself.

OK followed this guide to be able to receive Bitcoin/Lightning payments to my company email:

my_email@my_domain.com

https://guides.getalby.com/overall-guide/alby-lightning-account/where-to-use-your-lightning-address/how-to-use-your-own-domain-in-your-alby-lightning-address

I was able to send 1 sat to this address using Phoenix wallet & wallet of Satoshi

This is a game changer since it makes it super easy like sending email.

GM #plebchain, stay humble, stack bits/sats, and think for yourself.