Treasury and Fed seem to care more about naive depositors with over $250,000 in a bank that had no Chief Risk Officer and failed to hedge any of its securities than they do about stopping inflation to help the guy with $250 in his bank account. #OptOut

“Capitalism was the only system in history where wealth was not acquired by looting, but by production, not by force, but by trade, the only system that stood for man's right to his own mind, to his work, to his life, to his happiness, to himself.” ― Ayn Rand, Capitalism: The Unknown Ideal

'Fiat paper money creates moral hazard on the side of the money users — the citizens, the banks, and the governments — because they sooner or later come to realize that the masters of the printing press have the power to bail out virtually any bankrupt firm or government. Thus they engage in more or less reckless financial planning, expecting that the monetary authorities will not allow a great mass of reckless planners to go bankrupt. This speculation has been borne out by the last 30 years Public and private debts are at record heights all over the world.' https://mises.org/library/what-causes-moral-hazard

so I boosted a baby ostrich accidentally... welp

something something systemic risk something something bitcoin

Bronze bracelet found near Vauroux in the canton of Neuchâtel, Switzerland, 7th-5th century BC H/T: Celtic Europe telegram

Americans have suffered varying degrees/types of Financial Repression for 110+ years: - Negative real rates - Debasement of money supply - Sanctions, asset seizure, capital controls - Govt control of banks, subsidies for favored industries - High tax burden

Free-Man's Perspective

1913: The Blow That Killed America 100 Years Ago

America took its fatal blow in 1913, one hundred years ago; it just hasn't hit the ground yet. This is a slow process, but it's actually ...

#BankRun

How To Set Up a Wireguard VPN Server + PiHole-style adblocking with Unbound on OpenBSD https://marcocetica.com/posts/wireguard_openbsd

Discuss: What would happen to your favorite asset in a deflationary collapse or bank run?

number go up tx go up fee go up miner go up number go down tx go down fee go down miner go down round and around

Let's go with all 3 scenarios: - Dollar breaks higher (120+ DXY) - ETH deemed a security, delisted in US - 30% added tax on electricity for PoW mining Honey Badger DGAF: - Off-grid + home miners carry on!

Rates and the Dollar are major headwinds for bitcoin. A 2nd surge in inflation would be bad in the short-term. Just check out what 2-year yields have done since Nov., 2021 while bitcoin has been going down.

don't know what is going on but it's weird: iris.to nothing loads but my own posts under 'Following' and on Amethyst it only loads the posts of one other user who I'm following...

File under 'Unexpected HN comments': "I've written the most creative pieces of code, mostly backends in functional programming while on ketosis."

Trouble with Erythritol | Hacker News

Ostriches at Yanco Experiment Farm - Murrumbidgee Irrigation Area (MIA) Image scanned from a lantern slide belonging to a collection compiled by the Wagga Experiment Farm / Wagga Agricultural College as a teaching aid for students Taken in: Australia / New South Wales / Yanco on January 1, 1920

#OpenBSD: Initial support for guided disk encryption in the installer The OpenBSD installer now has basic support for configuring disk encryption during the regular installation process. Previously, disk encryption needed to be set up manually by dropping to the shell from the installer. Initial support, likely to be expanded upon, was committed by Klemens Nanni (kn@) on March 7, 2023.

Initial support for guided disk encryption in the installer

On the viability of various media for protecting your data during solar storms and EMP attacks.

Backing Up Your Data against Geomagnetic Storms and EMPs

Magnetic, Flash, Optical, Blu-ray, Paper

next block 30 sats per vbyte

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

#[0] haven't seen that in a while...

270cm (8'10") Hungarian swords in Topkapi Palace, Istanbul, Turkiye via https://old.reddit.com/r/interestingasfuck/comments/uyfywm/the_270_cm_long_810_hungarian_sword_in_the