As nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l says, bitcoin is the absorber of liquidity.
True. That I will do 😎🚁
Nope, I won’t be holding any fiat waiting for that day to come. If I haven’t retired from paid employment yet, then I will enjoy getting more sats per dollar every payday.
I agree, and I think Hal was right that there will be banks. Hal was early and probably would have refined his ideas with the advent of liquid, lightning, mints, etc. If they day ever comes that I have BTC in a bank, them creating there own currency that is not 1:1 sats will be the day I start the bank run😎
I’d think the interest is coming from people who borrow and plan to pay back more sats than they borrowed. However, since there is no way for the bank to create more bitcoin, if they make a bad loan both the bank and depositors are at risk. Depositors will be very attentive to the banks lending practices and the banks will be very conservative in their lending. I’d imagine many banking structures, included reserve lending, will exist to accommodate both the high risk/high reward and the low risk depositors. In fact some customers may just pay a fee (negative interest) to be at an institution that is more a custodian than a lender.
Banks are only a problem if they can create more of the money they claim to hold.
I will never see anything you post on Instagram. I say Nuke it and make people come to nostr to interact with you.
If it makes you feel better, I can’t do it any day. 🚁
💯. Bullish on people forming companies to organize work and try to earn Bitcoin from the current holders.
All roads should be dirt and unimproved this encouraging unskilled drivers to remain at home😎
“good news is Saylor can’t tell you how to use your bitcoin”
nostr:note16a5a2wt9p5prmfa09slrnelq2n89xwgjk0mp8n6ms3rfewae32qq6ydhc0
Those who are winning in the current system are unlikely to want it completely changed.
All #bitcoin is self custodied by key holders on the bitcoin network. Many people also have legal claims, enforced by government networks, to Bitcoin that is self custodied by institutions such as Coinbase.