@StableArtMaker imagine a small tennis ball celebrating winning the Wimbledon tennis championship on centre court as the sun sets

#[0]​ why is the cheetah the fastest land animal?

Pump it up!

Check it out https://www.microstrategy.com/en/lightning/lightning-rewards I would be happy to stack sats for turning up to a company town hall zoom webinar, it would certainly increase attendance!

the Guardian

Bitcoin is terrible for the environment – can it ever go green?

Cryptocurrency mining uses huge amounts of energy, but activists are urging for a change in its code to reduce its environmental impact

Minor reference to what is good about PoW at the end… This means that these energy companies can mine bitcoin during periods of excess production and oversupply. So instead of letting energy go to waste, money can be made and the wealth can be shared between the cryptocurrency mining facilities and the renewable energy companies with which they have a contract. However still a massive hit piece that sees this as a fix rather than integral to PoW!

More nonsense in FT.com Cryptocurrencies: why bitcoin should move to proof-of-stake 

Client Challenge

But was it really Bitcoin that helped El Salvador dodge default? Perhaps the truth is much more mundane. El Salvador regained many investors’ graces in July 2022, after announcing a $1.6bn bond buyback using special drawing rights from the IMF and a $200mn loan from the Central American Bank for Economic Integration. Buybacks in September and December reduced the principal for the 2025 bond to $348mn from $800mn. “The buybacks to some extent fixed their communication issues. They changed from catering to the crypto community back to catering to traditional investors,” says Esteban Tamayo, a Citi economist covering the region. The country is even earning something of a reputation for financial prudence.

Daniel Clifton at Strategas calculates that US policymakers, on net, injected $755bn in liquidity in the first quarter of this year, whereas they were net subtracters of liquidity all through last year. The correlation between changes in liquidity and bitcoin’s price looks tight:

The average daily trading volume of various assets: 1. Gold: $183 billion 2. U.S. Treasuries: $700 billion 3. U.S. equities $170 billion 4. Bitcoin: $21 billion 5. Global forex: $6.6 trillion

Check out page 20 of the UKs Payments Association quarterly rag

Payments Review Magazine | The Payments Association

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A fairly balanced write up of Lightning payments featuring #[0]

Verifying my Nostr Nests identity: OGuPf7khFWdYPr_-GEeGwCoFGarb_lpZ52DlbSnCiFs

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Jack will be busy dealing with Block issues today. Unfortunately the FT even has his photo on the Luna scandal…

At Pay360 conference in London. Only Ripple in attendance. Feels very backward. M

PV #[0]

#[0] combine Greggs bakery with Credit Suisse Bank logo

Nostr stats tailing off https://stats.nostr.band/. Where everyone go?