Just finished watching @PeterMcCormack interview @obi about @fedibtc.
The last 30 mins sent chills down my spine. Time bound fedimints for events & gatherings is an incredible idea.
Spontaneous & censorship resistant, but also fun and incredibly viral!
Bitcoin is not a commodity like gold. Bitcoin is a network of willing participants. A religion if you will.
Governments have a poor track record of exterminating religions. On the contrary, history is littered with examples of emerging religions toppling governments.
Let's try this again.
Double the tokens this time.
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6MiwiQyI6IjAyY2JmNWViM2U3ZjIzYTA3NGM4NDhjMjY4OWJlNDM1MWYxMzY2N2NjZjcyZGRiMDY2ZmEyMDRmZTM3ZThkN2QzMiIsInNlY3JldCI6IkZSYVBua0FCV0Fzbzc3S1dUZDhJRXJ6ZkdJeGxVTWxwb25wZ3lCMHJUUHc9In1dLCJtaW50IjoiaHR0cHM6Ly84MzMzLnNwYWNlOjMzMzgifV19
Trying out Cashu eCash.
Let's see how quickly this token gets redeemed.
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6MSwiQyI6IjAzZGUwYWRlOThlODQ2NzdjNTIyMWMyNDdjZDk0Y2NhZTk2ODZhNmZlYjY4MDJiZmZkYmY0OGU1MjQ4M2UzMTE5MCIsInNlY3JldCI6IldVRDVzMEZ3QTBkNWF3ZkxpUWs0WGtUQk1Mckk5eVFrdUc3azMyNStzeFE9In1dLCJtaW50IjoiaHR0cHM6Ly84MzMzLnNwYWNlOjMzMzgifV19
One tweet summary of what happened. It's ironic that the cause of the failure was that the bank parked a large part of its assets in the "most secure" instrument in the world, US treasuries.
Watching Vox videos is a lesson in the "Gell Mann Amnesia" effect. When watching videos on topics I know nothing about, I find the content nuanced and informative. For eg: I enjoyed and "learnt" from this video about myopia.
However, when I watch a Vox piece on a topic I know a little about, I'm surprised by how biased & frivolous their content can be. It's full of half truths and attempts to mislead the audience without using a heavy hand.
For eg: After watching this terrible piece on inflation, you will leave with a warm and fuzzy feeling about Biden and distrust of large evil corporations. However, you will learn nothing new about the cause of global inflation.