The more I learn about open-source, permission-less, and trust-less software design, the more a certain set of people annoy me. Namely, those that claim to be or aspire toward being “systems-thinkers” while dismissing crypto as a whole but BTC in particular. In the american context, these same people will bitch and moan about the dysfunction of our politics/government but remain ignorant of the ways that such systems build and verify consensus, and in an anonymized way. Imagine if those same concepts around consensus could be applied to the enfeebled democracy we see today. Just off the top of my head, there would be much less room for claims of fraudulent election results…

#musicstr

Big fan of artistic flourishes in all their forms of expression - literary, musical, etc.

I once heard graphs of the stock market characterized as just a graph of rich people’s feelings lol. Wish I could zap whoever put it that way first

Dollar cost averaging 🤝 stacking sats

I remember the repo spike, reading this made me realize I should read up on that post-mortem. About the repo facility drying up, doesn’t the excess liquidity reduce the need for that sort of (super) short-term facility anyway? Once the liquidity is in the system, it only leaves if central banks are selling securities, right? That would be the mechanism by which the Fed pulls back those excess reserves as you mentioned, so the pace of that will be important to watch, but I don’t see the Fed selling at a clip that materially disrupts markets.

First heard of Nostr from a @Lyn Alden piece (thank you Lyn), likewise for primal. Have to admit I didn’t try Nostr until this easy UX was made apparent, is this like using a custodial version in that sense?