Well said:

Crazy coincidence? 1. Silvergate Bank 2. Silicon Valley Bank 3. Signature Bank All 3 start with “Si”

Between SVB, BTFP, and SBF, I’ve had my fill of financial crisis acronyms for a while

It’s not a bank bailout. It’s an uninsured depositor bailout. Depositors, not shareholders.

#Bitcoin node runners: what version of core are you on?

I feel like there should be a 4 hour “don’t bother me” allowance after coming back from vacation just to let you catch up on emails and slack messages

Great paragraph from #Bloomberg journalist Matt Levine summarizing what happened with #SVB: “And so if you were the Bank of Startups, just like if you were the Bank of Crypto, it turned out that you had made a huge concentrated bet on interest rates. Your customers were flush with cash, so they gave you all that cash, but they didn’t need loans so you invested all that cash in longer-dated fixed-income securities, which lost value when rates went up. But also, when rates went up, your customers all got smoked, because it turned out that they were creatures of low interest rates, and in a higher-interest-rate environment they didn’t have money anymore. So they withdrew their deposits, so you had to sell those securities at a loss to pay them back. Now you have lost money and look financially shaky, so customers get spooked and withdraw more money, so you sell more securities, so you book more losses, oops oops oops.” https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run?sref=wOrDP8KX&utm_source=substack&utm_medium=email&leadSource=uverify%20wall ($)

From Matt Desmond’s article on poverty in the #NYTimes: “In 2020, Americans spent $1.6 billion just to cash checks. If the poor had a costless way to access their own money, over a billion dollars would have remained in their pockets during the pandemic-induced recession.”

My reaction when TradFi bros try to tell me failures of centralized exchanges and crypto banks mean that #Bitcoin is dead

Anyone know why WoS defaults to 50 sats even when I set a custom amount of 1 sat in Damus zap screen?

Just bought a few head of cattle for the farm. They were surprisingly sheep. #punchain #dadjokes

I believe in philanthropy that gives all stakeholders a seat at the table. I call it “chair-ity” #punchain #dadjokes

I wanted to get the new F-150, but realized I couldn’t af-ford it #punchain

If I had a donkey, I would call it Don Quixote (get it?) 🐐

Why couldn’t #zaps be done using a #Venmo QR code? Aside from all the differences between bitcoin and fiat, divisibility, etc. Is it just that Venmo is not an open protocol?

Got a question from a relative about why zaps couldn’t be theoretically done using a Venmo QR code. Aside from all the differences between bitcoin and fiat, how would people respond?

If you’re using Damus, I think you have to pronounce it “nah-struh” as in Nostradamus.

Any suggestions for a dashboard showing # of LN transactions per single Bitcoin transaction? Like a measure of LN’s scale