What is happening to banking here just the next shoe to drop in the centralization game.
Lockdown wiped out small retailers and restaurants and sent everyone to Amazon and McDonalds.
Now we’re crushing retail banks and herding people to JPM and GS.
5-6 big players en route to 1 CBDC.
Somewhere along the route to orange-pilledness came the realization that there are no true markets in fiat, it’s all just made up. Foundationally unsettling realizing there is no foundation to any of it. Post-truth money befits post-truth society.
Meta building a “decentralized text-based social network”. Hmm.
Article mentions @jack and Bluesky, fails to mention nostr (though does take a side-swipe at those crazy crypto enthusiasts and their wacky tokens)
The most useful things Canada could provide to alleviate Europe’s energy crisis would be (1) LNG and (2) nuclear technology from our excellent domestic industry.
Put two of the very worst people in the world in a room together, however, and you get this absolute clown-show.