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?


:keks:


I never wait. I broadcast and chill.


Been waiting a month for a wire transfer.


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.


Right!?! - Yesterday, I sent a business transaction of a substantial BTC amount and it took 15 minutes for a fee of 78 cents on the base layer!


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.


And how much Swift costs?


$35 or more to send a wire ...must be sent before 11 am to post the same day.... silly.


Yes 🤣

https://m.primal.net/LNql.jpg


Bitcoin Daily DCA keeps poverty away 🧡


The old system is indeed boring and outdated.

Adopt #bitcoin for a more peaceful banking life


indeed I have… https://i.nostr.build/tNDpNs7La28T101U.jpg


VISIT UTAH


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.