Yeah. Satoshi is dead, in continual serious danger due to other enterprises or involvements or not a person, but a group, a program of some very secret research lab like Los Alamos, etc. where a culture of secrecy is unquestioned and fiercely enforced.
Trying to close the exits, so they can turn on the printers.
Everywhere is an exit. Everyone who accepts Bitcoin for services or goods will be an exit. They think too highly of themselves.
Interesting. Where did you learn about it? I presume it's not open source, or is it a fork of Hamstr?
my #[0] post didn't get posted, so I think it's just a fancy UI, for now.
Very cool looking, very cool way to explore global/tribal.
What I had posted there was this:
I'm nervous about clients that don't use relays directly. A migration from one client to another is alot more to ask than adding a relay, to keep connected to relays that permit unpopular speech. I would like a hybrid situation.
I'd like a nostr.band or primal.net client to have global views and exploration while also using relays directly for the stuff they're good at. Posting, Following, DMs. Its easier to use a backend API and database to make a snappy professional app, but it does have externalities to the properties of Nostr as a protocol, the same way that Google's dominance of email does, for SMTP.
I'm sure there's a few people who just realized what Bitcoin is for.
It seems unlikely to me that this is anything but a Federal Reserve bet. They've gotta go slower than before or stop.
These new facilities aren't available until the bank is failing, I believe, and they don't want bank after bank after bank to fall into this hole.
That's basically how I live now. Everything is bullshit. Believe nothing.
My brain didn't mind. A free free market as opposed to those regulated free markets.
Truth from 1977,
The Unsettling of America - Wendell Berry
It's definiately a bail out, but they're counting on the held to maturity value when accounting. The money comes out of a tax payer funded program, now, but long term those bonds do pay 100% instead of the 70% current market value. Not to mention the interst they charge.
This is the whole point of having a central bank and a government bond as the 'reserve' of your system...
Unless that government defaults....
Precisely. Good luck keeping inflation down. Banker gonna bank hard and loose. Gonna need 20% mortgage rates to keep a lid on it.
I hope you all already own your homes. It's gonna be impossible to afford now.
their customers look alot like Democrat political donors
right? I mean, they could have parked money overnight in reverse repo facilities and had no problems with maturity mismatch. They did everything required of them. They didn't do everything right.
“No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
It's like the foreign central bank facility the fed offers. They get to cash in their bonds at full 100% value because the fed and treasury can't lose, they will certainly hold to maturity. The 1 year loans just keep getting rolled forward as long as needed.
Technically, it's not tax payer money if the bonds are held to maturity.
No no, that's Javascript. C++ if you want to be a programming god one day.
I'm hyped, honestly.