Oddbean new post about login | logout People who complain about waiting 30 minutes or so for a #Bitcoin base layer transaction to go through... Have you ever waited for a new bank ACH or wire transfer to process? https://m.primal.net/Kfkc.png
Hilarious.
How many "Two small deposits" does a man need to endure before he adopts Bitcoin?
I never wait. I broadcast and chill.
Hey Jeff, Can you explain the difference in how you think about global m2 versus US net liquidity or global net liquidity? I understand the calculation of net liquidity in terms of fed bs less tga less rrp. But this measure has been flat or down for a few months while global m2 is way up.
In short, US net liquidity is the amount of Treasuries and (less so) mortgage-backed securities held in the coffers of the Federal Reserve and the US Treasury. -- This number tends to directionally correlate with US-based assets, such as micro-, small-, and mid-cap US equities. M2 is the estimated total amount of money supply, including checking/savings accounts, physical cash, and CDs. -- This number tends to directionally correlate with the movement of global assets, such as bitcoin, gold, and megacap stocks.
$35 or more to send a wire ...must be sent before 11 am to post the same day.... silly.
The old system is indeed boring and outdated. Adopt #bitcoin for a more peaceful banking life
The worst part about this process is the lack of transparency. At least if a bitcoin transaction gets stuck, I can still see it as a valid transaction in the mempool. I’ve had ach payments delayed for over a week with no idea what was going on.
