20 sats \ 0 replies \ @felix 17 Aug 2023 \ on: What “radicalized” you? bitcoin
After diving into economics and going to business school. This shit didn't make any f*cking sense. Their equations and models just don't add up.
And in case you need to pay with a card, you can just buy €100 Visa/Mastercards without KYC at Coinsbee ;)
(or up to €2500 with KYC for occasional big payments)
That's what I'm thinking; Microservices!
However, what does that actually mean? Focus on shitty webapps? Could work!
Pay-per-use SaaS subscriptions would be awesome. I see quite the case here.
Difficult to commercialize though, as it goes against most SaaS T&Cs.
Once a unique hash is associated with your being, you'll be surveillable even if mechanisms are in place to mitigate that.
Sam Altman, the guy behind eye-scanning-surveillance-WorldCoin and turning the OpenAI non-profit into a for-profit vehicle against the wishes of the donors 👏
Doesn't negate anything I said though. Same mechanics, the same fundamental concepts, and slightly different rules.
Also, try explaining this to a 5-year-old. 🥴
"Duration missmatch", aka "Temporary Loss" is purely playing around with semantics IMO.
The reality is the capital is locked and your treasury is worth less on secondaries.
Am I wrong?
(Not sure what they are actually worth, just quickly calculated 4%,delta * 10 years)
EDIT: Okay, it's more like 2.5% yield delta... You get the point
FAQ
Q: Who's to blame?A: The Fractional Reserve System
Q: Can this happen to any bank?A: Technically, yes. In reality, no. The very biggest banks will get saved by the central banks. Unless central banks are keen on justifying global civil wars.
Q: Why can even five-year-olds comprehend that the fractional reserve system is a fundamentally brain-dead idea?A: Because through this system, money is either destroyed slowly (by lowering interest rates & QE; to maintain increasing systemic leverage), or it's destroyed fast (by raising interest rates & QT; triggering defaults and risking cross-industry debt spirals).
That's really dope!
Why did they make ?broadcast=true something optional? Any reason why someone shouldn't activate this as well?
I don't agree with the notion that it's useless to run multiple nodes.
I'd say the large majority of Voltage users also run a node at home.
Good point.
No idea, honestly. They might still be in the phase of figuring this out. Let's see.
Could also just be "normal" unsecured loans, with the sole difference being that it's marketed towards bitcoiners. Wouldn't surprise me, tbh.
Yep, that's the only way they'd be able to provide lower installments than compared to traditional unsecured loans.
Can't do it with Damus yet.
Just log into another client with your keys that supports this, such as astral.ninja, and add your picture there.