There are only two options: 1) the gov and/or Fed, with a wink and a printing press, forced 11 banks to bail out a failing competitor for a few days, or 2) they are so afraid of something that they did this on their own volition. I'm not sure which reality is more frightening.

Another great Board of Directors meeting for ASRI. The amazing team at this little company is doing great things for the entire aviation industry.

Quick transfer from A5 to A12 in Atlanta, and we're on the way to San Diego on DL937.

Boarded now, DL1946, SJU-ATL. Stop me if you've heard this one before. I mean I was home for three whole weeks. #sleepontheplane

The new Bank Term Funding Program (#BTFP) is interesting. Remember when the Fed was supposed to be completely independent of the gov? 🤣 And now they are voluntarily accepting highly discounted assets from distressed banks at par value because...why, exactly? Who benefits?

Trying to understand what happened to SVB, what might happen next, and how it could impact your banks? This is a pretty awesome summary.

Here's the thing about #contagion in the 🤡 world of fiat finance: you usually can't see it until you can't miss it. Then it's too late. #counterpartyrisk is never priced in, until it is. #fractionalreserve works until it doesn't. The next 72 hours will be very interesting.

Nearly the entire adult population in the #Philippines now has a #Bitcoin wallet in their pocket! Most #Filipinos do not have a bank account. But 85% of adults in the Philippines use a payments app called #GCash. As of today, GCash users can now buy, sell, send and receive #BTC.

Today, the inflation rate in #bitcoin is about 1.8 %. In about a year (at the next "halvening") it will be well under 1%. Practically flat. Meanwhile, inflation for nearly all fiat currencies (e.g., USD, EUR, JPY) looks like a steep upward slope, and it will only get steeper as politicians can't help but spend money they don't have (and thus, have to print). The cool thing is, unless you live in North Korea or a similar regime, YOU GET TO CHOOSE the currency in which you denominate your wealth. Think about that. You can choose! Far too many of you don't even bother making a choice. You just go with whatever the default is where you live, and never give it a thought. I'm sorry, but that kind of mental laziness is not going to serve you well. If you live in a country with one of the worst fiat currencies, chances are that you have at least tried from time to time to store funds in a better fiat currency. Or maybe in gold or other assets. But if you live in the US, or Switzerland or someplace with one of the stronger fiat currencies, there's a good chance you haven't given any thought to how money works. And you have kind of been able to get away with that. But those days are quickly coming to an end. I think the choice is pretty easy. I'm very heavily weighted in bitcoin. But if you're not so sure about that, at least diversify a bit with some better fiat currencies (e.g., the little bit of funds I have in the Armenian dram has been very good for me, up some 23% vs. USD in the last year). Or move a percentage into physical gold. Or buy some commodities or something. Anything! Except maybe all those crypto scams--avoid those. 😏 If nothing else, at least THINK for yourself and don't just do the lazy default thing because it's the easiest.

I guess Chat GPT has me figured out. LOL!

Is there a perfect #EDC #gun? No. But I think this is as close as I've ever come to creating one. Serialized custom FCU with a little trigger improvement (because Puerto Rico won't let me make my own FCU). SIG SAUER P365XL slide. Holosun HS507K X2 optic. And most importantly, the new X-MACRO grip module with the large backstrap. 17+1 capacity (!) in a very small, very thin pistol that fits my hands nicely. Loaded up with 147-gr Federal HSTs, with the Lexington holster all tuned up, and ready to go!

Finally opened my first balanced channel today, using BOS open-group-channel. I'll definitely be doing this a lot more with all my nodes going forward. If anyone is interested in opening a balanced channel between 5 and 15 Msats, let me know!

OK, I think I have my private Nostr server working. Maybe?

Last morning for huevos motuleños. 😢 The food is just amazing here in Mérida.