@2minutebitcoin
38,055 sats stacked
stacking since: #121243longest cowboy streak: 1
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We agree with Darth's suggestion on incentivizing users to do it and get rewards for it.
Plain ChatGPT summaries don't work well - we know best.
woah, is there a way to automate that npub thing?
for the e-mail subscribe... we will experiment. since it's just a 2-minute read, we felt it might intrude more than it helps - plus we like the content to sit on its own. but you may be right, so let's see. thanks for the tip!
might want to include a link to your company on your website :)
the only two things that matter
The conspiracy theory (sort of mentioned by Balaji) that they knew the small banks are insolvent and are intentionally letting them fail so as to better and more easily pave the way to CBDCs sounds more true by the day.
With FedNow, you get instant settlement between banks - bank runs now become even more challenging to the small guys.
What easier way is there to catch up with your authoritarian competitors than to use unelected officials to fabricate a crisis so that your authoritarian response to it seems justified?
The currency breaks. The more they do so, the more they undermine trust in the currency.
and it continues into infinity in the future :)
The innovations in the Steel Age as presented by Michael Saylor as part of his infamous series of podcasts with Robert Breedlove. (its summary here)
The Federal Reserve provides dollar swap lines to major central banks, such as the European Central Bank (ECB). The process works as follows:
  1. The ECB allows European banks to give them US Treasuries at par value.
  2. The ECB then provides dollars to these banks.
  3. With the new dollars, the banks can handle any dollar deposit outflows.
  4. The ECB obtains the dollars from the Federal Reserve using the swap line.
  5. Throughout this process, no US Treasuries are actually sold.
  6. Any negative profit and loss (PnL) resulting from the transactions are borne by the central bank, which can stomach infinite losses.
  7. The dollar swap line balances increase, which will be reflected on the Federal Reserve's balance sheet.
This arrangement ensures that the financial system remains stable, and the banks can manage their dollar deposits without resorting to selling off US Treasuries.
They sit just above equity in the priority ladder for repayment in a bankruptcy process, and are designed to be converted into shares when a lender's capital buffers are eroded beyond a certain threshold.
Seems like some special type of bonds. You have to really understand what you're getting into before investing into something as ponzi-like as a bank ;)
just add a link like:
posting https://i.imgur.com/example.gif
we are aiming to summarize timeless, high quality Bitcoin content into the short constraint of 2 minutes (476 words).
we hope this makes the gold more accessible and nicely indexed so that any newcomer doesn't feel overwhelmed from having to read days worth of content to hope to understand bitcoin.
our project allows them to understand the things at a shallow level, and provides them with references were they to want to dive deeper
It is important to be protective of your wealth, as in aggregate that protects the network's wealth.
It should be strictly better than group-think, because one person who feels strongly can counteract much of the group-think zaps by just zapping a greater amount.
Compared to one thumbs up, it's a meaningful improvement.