So far, the main thing this insecurity around bank runs is doing is force people to buy bonds/money market funds to “insure” their assets.
That’s the only way to explain the recent rally in treasuries.
Surely this will not last long as everyone realizes that these bonds don’t yield enough to cover even half of inflation.
vires in numeris
Have any German Bitcoiners read this yet?
https://www.amazon.de/-/en/gp/product/B09XY5ZRML/ref=dbs_a_def_awm_bibl_vppi_i0
Youtube Playlist for setting up multisig wallet.
#[0]
Fantastic, thank you!
Thank you! I have used hardware wallets in the past mostly through Electrum.
#[0] Maybe it’s just me but Damus doesn’t let me open a new direct message at the moment.
What are the best resources to set up the most secure and functional multi-sig wallet?
What are the most creative ways to store private keys or seed phrases you have heard about?
I’m sure I’m preaching to the choir but payments to #nostr devs shouldn’t be donation based. There should be a process for determining a “fair” reward and a transparent way for everyone to see how much has been paid already.
Good point and one Bitcoin maxis need to hear and digest.
While the system is constantly changing and is more dynamic than many assume, I do think there is a point to be made about long term debt cycles and societies/cultures reaching points of no return, where one paradigm is broken “forever” and a new paradigm begins. Do you think the long term debt cycle theory is overstated?
No that’s not what I’m saying. I agree with you that not everyone wants a neo libertarian world of individualism and self reliance.
However, everyone is realizing in different ways that the current system is bursting at the seams.
Well the Fiat system is what’s ensuring governments can’t meet their pension obligations and needing to raise the retirement age. So in a way, people are protesting the Fiat system, it’s just that they may not know about it.
#[2] needs to calm down a little bit. :) Anger is not how you convince the boomers watching CNBC of Bitcoin
We as Bitcoiners sometimes discount the friction to greater BTC adoption induced by fear of reputational damage.
A huge fraction of people who have a lot of money have at one point publicly spoken about the purposelessness of Bitcoin.
Many of them think that changing their mind will damage their reputation and credibility. And for many of them their reputation is more important than money, so they will wait a long time before jumping in.
yep, they will later say that lying about inflation was a matter of super(national) security.
Jason Calacanis on All In Podcast: “We don’t want a bank. We want a bank vault”
How is it not clear to them that they’re not going to get that with the traditional financial system and that Bitcoin is exactly that?
Full episode:
Yeah well you may want to invest in abundance but save in scarcity.