Can someone let me know how I input my private key to the new Primal app on iOS?

There’s a scary thing happening in banks right now! Again, as per my previous paper, you’ll need to take my word for it. Something quite scary, to me as a risk manager at least, is happening in the banks right now. Banks are seeing a significant uptick of mortgage applications that are requesting longer terms. By example, I’ve witnessed a doubling of the proportion of new mortgage applications with a greater than 30 year term. Proportions that are fast approaching 50% Not only that, but I’m also seeing the proportion of new mortgage applications with terms that end in their 70s skyrocketing! This is a metric that historically would be close to 0%, as it would likely be a policy rule not to accept this business. If you want to know more about how banks manage their book see my paper here: A Credit Risk Analyst’s Journey into Bitcoin

Medium

Medium

That rule appears to be gone in some banks, given I’ve witnessed proportions as high as 20% of new applicants. If that’s not scary enough for you, here’s the kicker. According to the bank’s risk models, there is apparently no additional risk being taken on by the bank. Meaning they ARE NOT having to put up additional capital for these mortgages on book! Let me tell you here and now, this is NOT CORRECT! These customers are riskier and additional capital should be getting put aside. Banks have not found a sweet spot in the market. What is likely happening is that their statistical models used to assess the applicant’s credit risk (again, see my paper if you want an insight into how models assess risk) is under-predicting. Why? Because the model was trained on data that has NEVER seen these populations of customers before. Meaning it cannot measure the additional risk properly and assumes they are like the normal applicants that come through the door. This is a big problem, in my opinion, that will likely bite at a later date. My advice…learn why this couldn’t happen with Bitcoin and act accordingly.

There’s a scary thing happening in banks right now! Again, as per my previous paper, you’ll need to take my word for it. Something quite scary, to me as a risk manager at least, is happening in the banks right now. Banks are seeing a significant uptick of mortgage applications that are requesting longer terms. By example, I’ve witnessed a doubling of the proportion of new mortgage applications with a greater than 30 year term. Proportions that are fast approaching 50% Not only that, but I’m also seeing the proportion of new mortgage applications with terms that end in their 70s skyrocketing! This is a metric that historically would be close to 0%, as it would likely be a policy rule not to accept this business. If you want to know more about how banks manage their book see my paper here: A Credit Risk Analyst’s Journey into Bitcoin

Medium

Medium

That rule appears to be gone in some banks, given I’ve witnessed proportions as high as 20% of new applicants. If that’s not scary enough for you, here’s the kicker. According to the bank’s risk models, there is apparently no additional risk being taken on by the bank. Meaning they ARE NOT having to put up additional capital for these mortgages on book! Let me tell you here and now, this is NOT CORRECT! These customers are riskier and additional capital should be getting put aside. Banks have not found a sweet spot in the market. What is likely happening is that their statistical models used to assess the applicant’s credit risk (again, see my paper if you want an insight into how models assess risk) is under-predicting. Why? Because the model was trained on data that has NEVER seen these populations of customers before. Meaning it cannot measure the additional risk properly and assumes they are like the normal applicants that come through the door. This is a big problem, in my opinion, that will likely bite at a later date. My advice…learn why this couldn’t happen with Bitcoin and act accordingly.

Let’s go!!

Noticing my feed on Nostr getting so much better. More users, more content, best of all…no noise!

Did someone just funnel 180,000 BTC off the exchanges yesterday?

Saw this and thought it was fitting for today’s world:

This is a dangerous move!! I tell you what, before I go for a new mortgage, why don’t I just default on all my debts so I can lower my credit score and get a cheaper deal at the expense of a non-defaulter? If this doesn’t tell you the system is broken then I don’t know what will!

Reason.com

High credit score borrowers penalized under new federal mortgage fee plan

Under the new matrix, borrowers with high credit scores will face higher mortgage fees than before and those with lower credit scores will face low...

Retail credit will not exist on Bitcoin. Essentially, the Bitcoin protocol, which programmatically created a sound monetary system, will reprogramme the world and how it thinks about money and credit.

Nothing to see here - our financial system is absolutely flourishing 😖

I noticed today that Xapo Bank are offering Lightning payments. I’m on board with this and congratulate them on being the first. However, I notice they offer 0.1% on your bitcoin deposits. This is not possible on a finite asset like bitcoin unless: 1) they are taking risk with your bitcoin and you stand to lose some or all of it. Hard to quantify without knowing what they are doing behind the scene. 2) they are taking risk with the USD deposits, as normal banks do and they are using any gain to purchase your 0.1% return. In which case your 0.1% is NOT guaranteed! I’d rather 2) than 1), but because I don’t know which they are doing I would not deposit my bitcoin with them. People need to be happy with just owning the bitcoin they have. It’s not worth the gamble for more!

In this paper, I try to explain as simply as I can how a bank functions and how they assess your credit risk when making a credit application. I then use this information to try to assess the UK budget from my own perspective as a retail credit risk analyst. Finishing with why I’m buying bitcoin. In doing so, I hope to give the reader a simple way to assess the credit risk inherent within their own government’s budget. Caveat: I’m not a writer so I may not have hit the mark…yet! A Credit Risk Analyst’s Journey into Bitcoin https://medium.com/@kris.john.adams/a-credit-risk-analysts-journey-into-bitcoin-c035ec86ba1

#[0]​ - in Edinburgh, on our walk to the pub I told you about how I educated my wife on bitcoin with Sunday Cheese and Wine nights. Well I thought I’d go one better and try and educate more people on my journey to bitcoin. Thanks for the inspiration! A Credit Risk Analyst’s Journey into Bitcoin https://medium.com/@kris.john.adams/a-credit-risk-analysts-journey-into-bitcoin-c035ec86ba1

Can’t get reliable supplies of fruit and veg here in the U.K. Seems like supply lines might be starting to fall apart.