Good thing war has evolved since then, right...
*checks Ukraine
Right?
Careful, your heart might disagree with the second statement 😄
3 out of 7 of the G7 countries have a debt-to-gdp ratio >100% (Japan, Italy and USA).
How do they keep functioning? Well two of them can print the debt away, the other can get their sovereignty freezed by the ECB if things get too wacky.
Essentially, this countries are bankrupt, just no one comes asking for the money. Japan could actually declare bankruptcy twice, lmao.
It's almost impossible to use cash nowadays in my corner of the world. Most shops won't accept it under the excuse of convenience and reduced security risks (despite extremely low crime rates). At the same time, people gets kicked out of the banking system for unusual movements on their "p2p" bank apps, because we must fight illegal activities and money laundering.
Stage 1 of #CBDC implementation is almost completed and pretty much no one has blinked.
Bankers saying 2% inflation is necessary for the proper functioning of the economy is like leeches saying loosing 2% of your blood is good for a healthy life.
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I'm seeing many of those in green on #Amethyst. Might just be a temporary thing between your client and the relays 🤷♂️
I mean, to sends zaps, what is the easiest way to transfer them and from where outside of lightning?
I'd personally recommended to start by setting up a custodial wallet like WoS or Alby. Once you have that you can start receiving and recirculating sats. That should buy you some time while you figure out how to move funds from on-chain to the LN.
You can also use some p2p exchanges like robosats to buy sats directly into the LN. But I'd recommended to become familiar with the LN first
The easiest/mostconvenients/more widespread are Alby and Wallet of Satoshi. But there's plenty around.
Just #asknostr 😉
Np. Also, set yourlsef up a LN address so you can start sending and receiving #zaps
They definitely are a thing. Depending on your client you can follow some to start building your feed
All government issued debt should be rated junk anyways.
The best case is getting paid minimum real yield on a depreciating asset, while the worst case is default and you get to eat shit. Talk about risk/reward ratios...
Moreover, if the bond is in the national currency, the base case is that the issuer will debase the currency to pay back the debt. As nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y likes to put it, (gov's) bonds are a contracts that the government will also steal from you in the future.
If the bond is in a foreign currency, the base case is that the issuer will manage to control the debasement of a currency that nobody wants to touch in the first place better than the currency of a stronger/more stable economy.
#macroeconomy #bonds
Moving houses really got me out of the game for quite a while.
Last time I could engage on #nostr was almost a month ago. Last time I had 5 mins to quickly peep #amethyst, garlic was all over the place... Dang!
We can do better with the welcome comitee #plebchain!
I like Sailor's version best
#zapathon #plebchain #memestr
Should have self-custodied...
#memestr #zapathon #plebchain