Oddbean new post about login | logout A bit technical so I don't know how easily digestible this is for most. However, in view of the mechanics which are currently being rolled by the BOE for the next QE program, "Let's get ready for Repo!" - I just want to say that it's not the central banking rent seekers that gives commercial bank money it's value! This could be done much more efficiently & transparently, in a trustless manor, by using the technology of our Lord Satoshi to facilitate overnight settlement without the need for a Central Bank!🤣 Where do they find these people? Where's the pushback from the LSE students? https://www.youtube.com/live/xrMq_fjq9ck?t=547s
Here's the "Let's get ready for repo guide" https://www.bankofengland.co.uk/-/media/boe/files/speech/2024/july/lets-get-ready-to-repo-speech-by-victoria-saporta
A bit technical so I don't know how easily digestible this is for most. However, in view of the mechanics which are currently being rolled by the BOE for the next QE program, "Let's get ready for Repo!" - I just want to say that it's not the central banking rent seekers that gives commercial bank money it's value! This could be done much more efficiently & transparently, in a trustless manor, by using the technology of our Lord Satoshi to facilitate overnight settlement without the need for a Central Bank!🤣 Where do they find these people? Where's the pushback from the LSE students? https://www.youtube.com/live/xrMq_fjq9ck?t=547s nostr.fmt.wiz.biz