If you truly believe this one bank is an isolated malignancy on top of an otherwise healthy system, backstopping makes perfect sense.
If this one bank is a symptom of a wider systemic malfunction, backstopping is the worst thing you can do.
Janet Yellen and Bitcoiners (like me) seem to disagree about which situation we’re in.
Seems like the misalignment of incentives could not possibly come faster or harder.
Can has been kicked - larger problems incoming. Eventually.
cjasonmaier
cjasonmaier@nostr.theorangepillapp.com
npub1dc84...jwqd
Author: A Progressive's Case for Bitcoin and an all-around good guy
Zapping on nostr gives you a glimpse to the future when sats are the standard.
And what have we learned?
In the future all prices are required to have the numbers 21, 69, or 420.
But you see Bitcoin is used for crime and Bitcoin is a problem because it uses energy.
Meanwhile…



Can someone tell me why each time I go to zap a post the invoice is automatically set to 1000 Sats which can’t be changed within WoS?
Thanks in advance to anyone able to help.
The best part of being a Bitcoiner has to be watching mainstream folks being surprised by almost everything that Bitcoiners talk about for weeks/months ahead of time.
Now more than ever: be your own bank!
I’m breaking out of the Bitcoin silo to reach some normies. Wish me luck.
Future of Money - a public conversation. Sat. March 18 at 2:30 eastern.
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Hermeneutics in Real Life - Conversation Sessions
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mempool full with financial transactions is way better than a mempool full with jpegs.
Am I wrong about this?
I enjoy talking to Bitcoiners for the same reason I enjoy talking to math nerds. The conversations are filled with highly technical puns that are used out of context for the sake of comedy.
And then the best part - the nerdy chuckle at your own joke because you applied “mempool” to something unrelated to Bitcoin.
*chef’s kiss*
So I went under for a minor surgery today. When I came to I checked the mempool and wasn’t exactly thrilled.
You all couldn’t chill with the monkey jpegs while I was under anesthesia?!? 😔
Surround yourself with people that get excited about Bitcoin during a bear market. 🙂🧡
Anybody ever time something in their real life according to the blockchain?
Like “that roast should go in the oven for about 9 blocks.” 🤔
Happy to say I’ll be attending the Bitcoin Conference in Miami in May. Would love to see many of you there. If you want to connect, let me know. ✌️🧡
When people find out I’m into Bitcoin, the first thing they ask about is FTX. 🙄
We are early.
Feeling a lot of gratitude today for the Bitcoin community, this revolutionary technology and everything I’ve learned so far. 🙏