I don’t believe there are any overhead costs in traditional banking system. It’s in fact much cheaper since it involves a mere ledger update and probably a message passing system. The prices are jacked up mainly because they are a monopoly and there is an opportunity to profit.
In countries like China and India, they have seamless payments Infrastructure that scales for 1+ billion ppl with no fees and no issues.
What are teh chances of a short squeeze in $MSTR?
It seems the stock is highly shorted by hedge funds and gold bugs.
Is it still applicable?
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Everything in #nostr is an event including messages. That's why the message metadata is accessible but not the content. Only the receiver and sender can decrypt the message data.
Fear is learned.
By default, kids do not have fear.
By the time #Bitcoin sees wider adoption, it would have become stable.
It's volatile because it is small.
Money: it's meaning and creation process in modern day economies.
#Bitcoin
Bank crashing is deflationary because a lot of dollars will disappear.
If the Fed tries to backstop the banking system, then it'd only be filling the hole on teh asset side of the balance sheet. The liability side of the balance sheet which is perceived as money remains unchanged.
We have no evidence, at least in the developed economies that a greater amount of reserves would compel banks to create more credit and cause currency to inflate. It is the demand for credit that drives credit creation not the reserves as experienced during 2008 bailouts -- there was no inflation. In fact, after 2008, the Fed had to do 3 rounds of QE to get the economy going -- If they hadn't done it, the US could have become another Japan.
No. Because every transaction is then subject to taxation under barter.
If $MSTR is to exist as a Nasdaq enlisted public facing company in the US, they got to play by the rules of US government.
The proposal to halt AI development by Elon was too self serving and ridiculous. Elon is just mad he aint' in the driving seat driving AI.
