💸 🏦 What happens if SAB 121 is repealed?

SAB 121 requires companies, including banks, to treat custodied digital assets like Bitcoin as liabilities on their balance sheets, which increases the capital they must hold and discourages them from offering custody services. Repealing SAB 121 would remove this accounting burden, potentially allowing more banks and traditional financial institutions to offer Bitcoin custody services. This could lead to greater institutional adoption of Bitcoin, as these entities could more readily handle custody without the added financial strain.

SAB is the Staff Accounting Bulletin, a series of interpretive guidance issued by the SEC. And now Gary is gone. 😄

So they DO support video and audio file formats??

Their plans only indicate “Upload and share ZIPs, PDFs, SVGs”

…are you looking to use Nostr.build to replace your current podcast host such as Libsyn (or similar)?

They launched Shitcoins before they free'd Ross.

Fuck these clowns.

It was really good 👍 engaging, entertaining. Sorry bout your Dad passing away a bit too young…

Bitcoin is going to improve sooo many people’s lives 🙂 💪

This underperformed even my own very low expectations

Just remember: this is who we are dealing with

Congratulations on the launch of the pod 👏. I’ll give it a listen this arvo

US withdraws from WHO

Congrats 🫡

170 MILLION people were instantly cut off last night from accessing all their content, messages, and social graph on TikTok, with no way to export or migrate it elsewhere. This perfectly emphasizes the importance of Nostr’s design that allows you to create and access redundant copies of “yourself” in as many places as you choose.

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If #bitcoin stays decentralized and secure, it is imposing the first global free market the world has ever seen.

Productivity gains flow to broadly to society in free markets through deflation.

Everyone gets richer every year and competition to provide value increases driving a cycle of unprecedented prosperity.

But, if you are pricing #Bitcoin in USD, you are still in the system of extraction and centralization which must centralize faster through the extraction of the productivity gains that should flow to society in the form of lower prices.

The two systems are incompatible!!

And…It is a confusing topic because we have no reference for what a global free market looks like……so many people will get rug pulled (eventually) by not choosing self custody and running nodes. Instead trusting institutions and a paper derivative of their #bitcoin.

Why: because it will appear they are getting wealthy (in USD) Protecting the decentralization and security by running nodes and being constantly vigilant for new attack vectors will seem like a stretch! For most people pressing the easy button in an ETF or other centralized entity will seem like the right thing to do which ensures faster centralizing.

That centralized system of extraction MUST eventually attack Bitcoin or fail.

This may be a long time out. Ie - if I was on the other side of the fight - I would make my system as easy to integrate to bitcoin as possible and use the natural biases of humans against them. Ease of use, trust in institutions, time, etc so they didn’t “need” to worry about self custody and understanding how the protocol works.

Those on building on #Nostr, Bitcoin, Lightning, Ecash and spending their time contributing on this open protocol and teaching others are on the front edge of the greatest change the world has ever seen. From extraction to cooperation.

Stay vigilant, stay focused, run a node, and tune out the madness of the system of extraction trying to drag you back into its centralized structure.

For the opportunity to exist, It had to be this way!

We are so early.

How many Bitcoin maximalists out there are running their own node? The fact that I can have an archive of the entire Bitcoin blockchain and verify my own transactions is absolutely mind blowing. I can't believe I'm alive to experience this. Another day or two and Bitcoin Core will be done syncing the blockchain and I'll be able to configure my self-hosted BTC Pay Server! LET'S GO! #introductions #bitcoin #weouthere

Congrats! I've just subscribed on YouTube and will watch it tonight.

I wish you great success

Episode zero of my new podcast going live today

Got to figure out how to post long form video on here first

🤔