Good Afternoon

My historical reading for the day https://download.ssrn.com/11/04/01/ssrn_id1800812_code758931.pdf

running fips (well, hopefully soon)

GN

If you want to learn more about Clear, you can read about it here:

Clear - Clear

Issuance, circulation and redemption machinery for organization-defined transferable units.

I think this is pretty cool. The next phase of my #safebox project, I’ve decoupled the Cashu mint and Cashu protocol from Bitcoin/Lightning and now enable any corporate treasurer to issue their own bearer notes that behave like cash. To distinguish them from actual cash, I call them “Clear Balances” and you can see two of them below. For example, the “Food Share Credits” is for “shares” that can be redeemed at a participating food banks. This is intended to support organizations that wish to set up a food bank network, where funds can be disbursed like cash, but only “spent” at a food bank. To make things seamless for the user, the #safebox wallet treats each Clear Balance just like cash, you can receive, send, and when you want to retire from circulation, you send to the treasurer to retire from circulation. Where does the trust live? It’s with the treasurer who issues the Clear funds. It’s exactly the same trust mechanism for any national currency, but thanks to the Cashu protocol, the same trust mechanics are now feasible at the community level.

Dutch shift gold reserves from Canada, U.S. to Britain RICHARD CARTER, LUCIE LEQUIER AND JEAN-PHILIPPE LACOUR Ottawa Citizen Sep 03, 2026 • The Dutch central bank said it had moved 86 tonnes of its gold reserves out of the United States and Canada to London, citing “increasing geopolitical unrest.” The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa. “This makes it the quickest for DNB to deploy in a crisis situation,” said the bank in a statement Wednesday. “With this step, we have improved the deployability of the gold reserves. We assume that we will never need to deploy the gold, but it is nevertheless necessary to strengthen our resilience and preparedness,” said DNB President Olaf Sleijpen. The total Dutch gold stock amounted to 612.4 tonnes and was valued at 72.2 billion euros at the end of 2025, said the DNB. Before the deployment, the Dutch bank held 31.3 per cent of its gold in New York and 19.7 per cent in Ottawa. After the move, each country accounted for 18.5 per cent of the Dutch gold reserve. The share of gold held in London increased from 18.1 per cent to 32.1 per cent. The bank still holds 30.8 per cent of its gold in the Netherlands. The transfer was carried out partially by buying and selling and partly by physically transferring gold, said the bank. The bank moved more than 27 tonnes of physical gold from the United States and Canada to Zeist. The same quantity of gold was moved from Zeist to London, preventing the melting down of gold bars. “By combining buying and selling and physical transport, the risks associated with physically moving a large quantity of gold have been spread,” said the DNB. The operation took place between March and August of this year, the bank said. Laurent Schwartz, president of the Paris-based National Gold Counter, which facilitates gold trading in France, said central banks had been moving their reserves around for about a decade. “The current political context in the United States might also push certain central banks into favouring other storage locations,” Schwartz told AFP. The London market is the deepest and most liquid, said Schwartz, making it easier to deploy in times of crisis. John Plassard, analyst at Cite Gestion Private Bank, told AFP the Dutch move was intended “for there to be more immediate availability in the event of a crisis.” For the moment, it was a “fairly one-off move” but he warned that if other central banks followed suit, it could damage confidence in the U.S. Shared via PressReader connecting people through news

TIL that the Medici regime in 15th century Florence could levy whatever tax rate on anyone for whatever reason. If they did not like you, you might be taxed at 10 times your annual earnings, and you would have no choice but to flee.

hydronym

Another essay for the normies.

The Thing

How a rather simple question about digital property led me to consequential state

The End of Software Engineering. https://arxiv.org/pdf/2606.05608v1

YYJ

True love is like a big tree...

GM

GM!

GM

GN

Good Afternoon

Receiving zaps on a decentralized system while on a plane. How cool is that?