No, she called Bitcoin the safety valve.
You would have to spend it extremely quickly. Funnel it all into Bitcoin, I suppose, hence the ETF. Hard to find other markets that can absorb excess currency that efficiently.
Didn't Lagard call it the "safety valve"?
Germany is in the recession already. There was a hiring boom in the trades and services, and then their customers went broke.
There's work to be done, everywhere, but it just sits there.
It's funny that you think there is any amount of freshly-printed money that could be meaningful.
The ECB has big infrastructure funds and they can't seem to find projects and workers to spend it on, so it just sits there.
Oil will continue to fall because of the effect of reduced production and unemployment.
I think we can expect real prices to collapse.
I think people won't use Twitter, on principle. But you could use any other corporate social media system, really.
And what will we buy with that money, if everyone is sitting at home, unemployed?
🤔
We don't have any munitions, tho.
Will we hold up weapons and say "pang pang" and "BOOM!" and wait for the opponents to die laughing?
It's always like that. Until it isn't.
Yes, the hours work, wages per hour, and type of contract are declining. Companies are clinging to workers because the employee base is so thin and so many Boomers are retiring, but they're running out of steam.
Cutting hours is the last hail mary before layoffs. I don't think they're going to make it to November.
Buggy software is an attack vector.
That was what the Fed wanted, to lower demand and therefore cost of living.
They're just trying to stave off complete collapse until after the election.
Stay humble. Test your software.
Yes, the notes (on the relays) don't contain the images, the media servers do.
Well, we have to be careful. We're all using the nsec storage devices without a thorough test or audit of them.
They're an attack vector.
You can use other file/media servers than nostr.build and the other few big ones. You just have to have yours added to a whitelist.
I think.
Then it won't accept the note or it won't delete the note.
This is the main design flaw to Nostr: that npubs have no control over which relays read their data. The solution would be encryption, I suppose, with only "good actor" relays receiving the key for your npub.
Most end users like things that work. They don't want to be perpetual beta-testers.
