Worthy discussion, and you make some good points. However, I will submit the reality that bitbonds still pay an interest rate. The proposed rate is much lower than current Treasury bonds at 1%, but it still leads to the expansion of the circulating currency, so while it might reduce inflation down to the stated goal of 2% or maybe even lower, that target rate still INCREASES the amount of debt, it doesn't decrease it. If the goal is to reduce the size of the US Federal Government, increasing the total debt is not going to do that. We need to combine it with other action that doesn't just reduce the rate of the increase, but actually decreases the amount of debt on the books.
The only real path forward is by balancing the budget so new bonds are not needed, in any form. We can cut spending all day long, but until the deficit is zero or the budget surplus is back, it's not going to have the impact we want to see.
I do see bitbonds as a fantastic innovation, and I would encourage their use for states, municipalities and corporations. But having the US Treasury use them would not actually solve the problem, at least not as far as i can see.
Had a few questions for Grok this morning about tariffs, interest rates and bitcoin, found the answers really interesting. Worth sharing, I think.
https://docs.google.com/document/d/1277eLeuDeWlcVAkWPA8plw7i--Id05FB_L0bOhBpQE4/edit?usp=sharing
I keep my credit cards paid off, and my wife only uses them enough to get the points and then also pays them off. Carry no balance.
Sounds like you would be doing with Nostr what a lot of creators do with Patreon these days. Posting here first, getting the zap storm started, then sharing it on Youtube and other places a few days later. If people want to see them immediately, they'll need to join Nostr. If they're willing to wait, fine.
I think this would be fantastic for Corporate and Municipal bonds, but I'm not sure I would want to use it for Treasury bonds.
The stablecoins could be converted to real USD upon receipt, and credited to the account of the person who transferred them in. Your banking partner would only have to deal with the USD itself.
Yes, it has to. The sooner the better. The fiat system is a black hole that is going to destroy us if we don't destroy it first.
Crazy dream maybe, but I wish that nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgp4kg7dqtfdwhj4em3clhhzd0yz78g460y4szqqkp9smghdkaghaglmys9t could accept Stablecoins as deposits of USD into our accounts to start earning their Bitcoin Interest. That way USD deposits would not depend on the unreliable ACH system.
nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpzamhxue69uhkummnw3ezuendwsh8w6t69e3xj7sqyzyk0u5se3m5nlfayvhmwygvqhdhg633lnsxxkhwcns3rtvtljqs6798w09 would this be possible to set up? Or would it become a regulatory nightmare?
It's like people don't like him or something
https://www.newsweek.com/x-twitter-outage-dark-storm-live-updates-2042333
Just tried noStrudel, but I don't have an extension installed on this Work computer, so I hope I didn't just lose control of my nsec.
I don't think I've ever read an article that so loudly screams for the need to add at the very end our mantra for the end of the debt based monetary system.
Bitcoin fixes this...
I hope we don't use the transition between the fiat debt based monetary foundation and the Bitcoin wealth based monetary foundation to be just another excuse to allow ourselves to be divided as a global civilization. That would suck.
Now that tips are supposed to be tax free, that makes a lot of sense.
Elon can't make money from Bitcoin, so he doesn't care about it.
The biggest pushback I get from people is that they are looking for THEIR networks and often don't want to have to build new ones from scratch. If you build it, they will come.
I don't have direct knowledge, but I would guess that it is pulling follower/following data from multiple relays and if they disagree they do a venn diagram thing and just show what they can find across multiple relays.
I would actually love it if they could launch a full desktop app for Windows, Linux, Apple, etc that did not depend on a browser. I wonder if they are working on that. nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsqzp4sl80zm866yqrha4esknfwp0j4lxfrt29pkrh5nnnj2rgx6dm622n97yv ? Possible?
I learned how to find it when I started, just so I knew what to watch for so I never had to see it again. We control our own feeds, we don't control what other people post. Nobody should be able to control what other people post, we just need to take control of our own content and our own feeds.
We control our own feeds on Nostr. I don't see any of that, because I choose not to follow the profiles that post it. If you are seeing it, maybe change who you follow.
Flotilla seems to work. Found your npub on there, but it looks like you need to establish an account connection before it would work even to chat.