One of the many reasons I want the bull market to start for Bitcoin; after some price point, I will have the liberty to code solely for Bitcoin, lightning and nostr. ⚡💜🧡
Looking into the narrative, the claim is that FDIC is not funded by the taxes but the insurance premium banks are paying. They will increase the premiums for banks they are insuring to make up for the loss.
Banks are likely to handle this by writing off that as a cost making them even more broke. The genius of fractional banking.
Everything will be fine as long as people believe them and don't run to the banks.
Now other banks will pretend like they can honor withdrawals in case of a similar bank runs. And the normies will believe that.
Power of belief = fiat 😂
Side note: FDIC is likely to run out of insurance funds in just a few more bank runs.
What can you do with $1? Nothing.
How about 5000 sats (almost $1 equivalent)? You can zap up to 5000 nostriches or move it around thousands of times.
I am not even talking future value of sats. Streaming money value proposition is a game changer in many applications that have been built already and will be built in the future. ⚡
I decided to give a break to nostr and started reading couple articles, finally landed on the right one. I was looking for an alternative to my tailscale setup.
I was bookmarking the article, then I noticed it is habla news which is a nostr client for long content!
Are you kidding me nostr?!? We agreed on marchOffTwitter, but this has already gone beyond that; marchOffMedium, marchOffSubstack... 💜🤩
A few million sats on my lightning node makes me feel quite rich even though it's just a fraction of what I have in banks 🤔
After spending some time on nostr and exploring lightning ecosystem, I can say that I have never been this much bullish on Bitcoin. ⚡💜🧡