Bulk of fed's revenue comes from interest on securities in its portfolio.

No securities, no revenue.

No revenue, no $2.5 billion renovations.

No revenue, no average $240k salaries.

After it's got it's cut, fed remits surplus revenue back to the treasury.

Nothing to see here.

It's not optimal for the minority, but arguably works well for the majority. Not convinced that any other system would work better though. And with the advent of AI, the chances of it changing are even more remote than they might have been otherwise. MMT here we come. But working with what we've got rather than what might be better, BTC is a lifeline.

If 3 wolves and a sheep are deciding what's for lunch, advances in BBQ technology developed by sheep are not going to accrue to sheep.

There's a productive group that's the cash cow of a democracy. If someone is a member of that group, BTC might allow them to get ahead while simultaneously being milked.

Modern democracy hasn't been around very long. Maybe what I'm observing is inevitable. Church possibly helped keep this all in check. But that influence has been undermined.

Thinking about how cash and gold held at banks was desired by bank robbers. BTC private keys equally sought after. All have value. How about non-cash money at banks or at the fed. What actually are they? Database entries that are useful to no one except the same banks and central bank. What does this say about that "thing"?

Just acknowledging the great job nostr:nprofile1qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cpp4mhxue69uhkyunz9e5k7tcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7atfzq3 is doing with What Bitcoin Did. Top notch Bitcoin macro content 👌

You live in a democracy Guy right? And you're middle class I suspect. Hence why you're losing (we're it not for Bitcoin). Everyone else is doing better. Free or cheap at your expense.

What will be the other headline to distract from the fed/treasury official or defacto merge? Hopefully the "all fluff, no substance" type of distraction rather than something that actually overshadows it.

As an aside, I view the treasury taking over the fed role as a preferred evil. At least they're somewhat elected and accountable.

Conventional loan: borrower provides security which is only realised if the borrower fails to make repayments.

Bitcoin-backed loan: borrower provides security (Bitcoin) which is realised if the Bitcoin drops in dollar number.

I'll wait thanks.

Better strategies:

1. Stay humble, stack sats, buy home with sats when you've got enough.

2. Stay humble, stack sats, get a job which bank is satisfied services your loan repayments so will lend secured over the home you purchase. Sell sats if you want to stop working and still be able to make payments or to pay off loan completely.

Other than, "we offer products that meet market needs", please give me your thoughts as Bitcoin era @peoplesreserve nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr

etc #btc #btcloan

More interested to find out how many of the new buyers are holders. That's all that really matters. #btc #ngu

US international relations on every level: stop trying to dodge our punches...or we'll punch you.

Wish they would do that in my country. Tax calcs are the main thing that stop me spending BTC.

And I won't judge you for that. But things seem to get messy when your compatriates turn that (non)belief into action outside your borders.

I've found it at best undiplomatic and oftentimes downright wrong to judge other societies by the norms/principles that you're most familiar with. On occasions, the other society might very well need to be woken up or grow a pair. On other occasions, they want things the way they are, much as they might seem, on-the-face-of-things, undesirable to me.

Point well-taken from nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhkummnw3ezumtpd35kutn0dekqz9rhwden5te0dehhxarjwdshganp9ehx2aqkrad8w 's latest podcast with nostr:nprofile1qqs2xpwv3yngvx7auhr3hwm06w2tkn82dm6lt7ryq2eynlzuavxwygqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqes7lrg : Bitcoin is akin to fiat in so much as its value is based on agreement among participants (rather than backed by something tangible) (which I regard as a feature not a bug), but Bitcoin does not rely on having to trust the issuer/custodian to do the right thing.

Regrettably, what is short-term and even medium-term "good for Bitcoin" is mostly bad for humanity and individuals. I try to remember this and humbly/gratefully stack and hodl sats without pride or self-satisfaction. #BTC is the opt-out of some bad sh*t.

Regrettably, what is short-term and even medium-term "good for Bitcoin" is mostly bad for humanity and individuals. I try to remember this and humbly/gratefully stack and hodl sats without pride or self-satisfaction. #BTC is the opt-out of some bad sh*t.

Regrettably, what is short-term and even medium-term "good for Bitcoin" is mostly bad for humanity and individuals. I try to remember this and humbly/gratefully stack and hodl sats without pride or self-.satisfaction. #BTC is the opt-out of some bad sh*t.

I wonder if society elevates and rewards fragility more than it used to. Stoic? Pah. Privileged.

Bitcoin probably won't stop (some) govnts borrowing to fund fanciful adventures. But a govt (and indeed anyone) borrowing a scarce asset must surely be in the throes of decline and doing so would only accelerate that decline. Prudence and forward planning would be the primary concerns of govnts under a scarce asset standard. Old ways would be dispensed with and new political frameworks developed. Would be eye opening.

The og vids on YouTube by Andreas Antonopoulos