“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis) Really…?? How THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield? How THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK & CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM? Uncle #[0]​ and Uncle #[1]​, can you please rip these disingenuous fucks a new one? #bankingbad

According to bitbo.io, there has been almost 1.2 million bitcoins exchanging hands within the past 24 hours. How wild is that? More than 5% of all the bitcoins that will ever exist have moved in the past day, with final settlement confirmed with practical mathematical certainty within just ~60 minutes (6 confirmations) (I know 1.2M BTC in volume doesn’t mean 1.2M unique bitcoins moved, but still…!)

Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%. This, after a 40.8% increase from Feb 2020-Mar 2022. That’s right, hiking the Fed Funds Rate from near 0% to ~4.5% rapidly has only resulted in a measly 2.15% reduction in the money supply. Whatever Consumer Price Index “disinflation” they’re celebrating, the fact remains that there is still 37.8% more money floating around than there was in Feb 2020. Your wealth is still in the process of being extraordinarily diluted by the scourge of #inflation. In fact, it is already diluted by ~37.8%, you just haven’t fully realized it yet. Tell a friend; buy #Bitcoin.

Fablecoins. That’s it, that’s the note.

Maybe the real treasure was the memes we saved along the way

5000 SATOSHIS FOR ONE MEASLY US DOLLAR

100% can confirm I enjoy the dips more than the rips these days. Not anywhere near done stacking yet #stayhumble #stacksats

DCAyyyyyyyyyyyy 🤙

Why do bankers earn so much?

Listening to WiM Ep. 280 ft. George Gammon, and it’s got me thinking. Which social/political/economic deterioration event would be the final straw that makes you decide to permanently leave your country? (Assuming you have the ability to move to any other jurisdiction in the world, but at great personal cost)

Spotify

The Game Theory of Bitcoin Adoption with George Gammon (WiM280)

The "What is Money?" Show · Episode

Lightninghands fix everything, trust me daddy

After inexplicably disappearing post Damus 1.2.0 update, the profile pic is back, baby ⚡️👐

How do you feel about facial recognition technology, given your face gets seen by cameras virtually everywhere you go and you almost certainly have at least some photos of yourself online?

Ever since zaps became a thing…

Zaps? 🥺👉👈 LIES - don’t zap me for this nonsense. I want to earn it through shitposting excellence, thank you very much ⚡️⚡️⚡️

“Energy abundance IS human flourishing” - Harry Sudock #[0]​ on The Investor’s Podcast Network with #[1]​ Ep. BTC119 Fantastic episode - I was particularly taken aback by the idea that we should aim to be as indifferent to the energy expended to heat/cool our homes as we are to the energy expended to perform a Google search. It seems so obvious now that this ought to be our aim as a civilization: harness more energy.

Bless, Will 🙏 #[0]​

inb4

With the age of #Nostr and #Bitcoin upon us, the Sovereign Individual thesis is playing out right in front of our eyes. We get to witness the decline of the nation state in real time as people unplug from the legacy systems, instead favoring decentralized and permissionless protocols which don’t predate on them. What a time to be alive…!