https://watcher.guru/news/brics-currency-officially-unveiled?fbclid=IwY2xjawGHAYxleHRuA2FlbQIxMQABHSzqYMIycQP0PTWTTcFGUgddPqBwk61heW7rCY-OYh2oKt_jFaUB8ooWJw_aem_9y2w41Po20Py2_8be6kRnA
Although brics-pay.com and the unitfoundation.org may offer an improvement over the current weaponised swift fiat system - it's just a centralised permissioned system controlled by Statist if they do not allow users to permissionously convert into the underlying reserve assets and store their own keys...
Over the longer term, it will not be able to compete against stablecoins & ecash transfered over lightning, which can be cashed out into BTC at anytime and transfered permissionously back to the base layer.
#Bitcoin: A system where the decentralised immutable code (rules), not the rulers, reign supreme... #NYKNYC
Fool me once... Paranoid Crypto Anarchist here!
#NYKNYC
GM all,
I keep hearing "there's lots of institutional money sat on the sidelines waiting for the US election outcome, so they have certainty, before making their bitcoin allocation".
Since when does bitcoin wait for anybody to feel comfortable before allocating? 🤣 😂 🤣
I'm just pleb so bitcoin will probably do the opposite but I say make them sweat and fomo chasing the market to $100k...
🫡
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
I thought Elon switching X servers to cloudfare dymamic ip addresses was such an OG boss move. Love it! 🤣 😂 🤣
Are X server/relays located in Brazil or the USA? Can't Brazilians just access the US servers on dynamic ip addresses?
Can nostr relays be operated over dynamic ip addresses? 🤣 😂 🤣
Can somebody please enlighten me 😂 🙏
https://www.bbc.co.uk/news/articles/cy4dn4z02emo
Somebody asked me what a world built on a bitcoin means to me? That's really not an easy question to answer succinctly but I guess from a deep personal perspective it's something along these lines...
Freedom to live my best life without fear of running out of money or dying with too much!
What about you?
Time to normalise low bandwidth bitcoin, lightning & fedi mint/eCash transactions over smartphone direct to starlink! Just take a few sats to cover the bandwidth cost... #DONTPANIC
Wonder what the X everything app will look like?
Gonna drive the dictators, autocrats & bourgeoisie crazy...🤣
https://m.primal.net/KXOd.png
Just a thought! How about letting the business owner decide if people can smoke outside on parts of it's terrace? If you don't like the business owner's policy don't go!
But no, #StalinStarmer and his Bolshevik henchmen have to wade in and dictate the way...
What next? Your BMI is too high so you must use our CBDC which will restrict your purchases until you are no longer a drain on the #NHS, #NannyState and #TaxPayers?
He talks of preventable deaths & burdens on the #NHS & #TaxPayers. What next sterilise middle & lower England so they're not a burden? 🤣🤣
No births, no deaths, no burden? Lunatics... Well I guess with robotics and AI we're not needed 😂🤣😂
Let them keep printing money without your consent and lets find out where things go... Or maybe we should take a different road - #bitcoin 🤣 😂 🤣
Is it wise to place absolute trust in Autocrats rulers you've never met? NOT THAT ANYBODY NEEDS CONVINCING ON NOSTRhttps://m.primal.net/KUDX.mp4
If you haven't had the time to read John Perkins' book, Confessions of an Economic Hitman, then make time to listen to his podcast with @preston on how third world countries are knowingly walked into the Debt Trap! This is the post colonialism playbook - as they say there's more than one way to skin a cat... 😟
https://www.youtube.com/watch?v=p0tvK8smhrc
Along these lines, I remember seeing a video back in 2021 from the Worldbank granting huge loans so that the the third world could be vaccinated and get boosters every 6 months (loans paid on directly to vaccine manufacturers). They didn't need the vaccines as they already had Ivermectin and Artemisia as effective treatments for anybody highly vulnerable.
I so hope these countries see the light one day and use the Worldbank charter loophole to repay them and get their own back. @Excellion 🙏
These countries can custody the BTC themselves at repay the Worldbank using BTC IOUs (which the Worldbank can't spend) As bitcoin goes up in value the Worldbank then has to refund the overpayment in USD and the countries can then use to buy further BTC. It's such an easy perpetual speculative attack!
(IMF & Worldbank loans to third world countries ARE eurodollars, which will end in a puff of smoke!🙏 The Eurodollar market is such a BIG BIG rabbit hole, which I haven't got to the end of yet, but I suspect it was the culprit for the 15th Aug 1971 speculative attack on gold backed USD!!!)
https://www.forbes.com/sites/martinrivers/2021/06/17/el-salvador-can-pay-world-bank-in-bitcoin-according-to-charter/
Trying to wrap my head around the full potential of Cashu/ecash/traproot assets etc...
Prior to full bitcoinization could there every be a situation where plebs could mint their own btc overcollateralised f-usd (fuji style) and transfer/pay through a cashu mint?
Please educate me on the errors in my thinking 🙏 but until #bitcoin gobbles up the global monetary base, I can see clear reasons why plebs would want to mint their own f-usd (fuji style), which is overcollateralized with BTC.
Would be cool if these f-usd tokens could then be used to pay through lightning/ecash protocol.
Is this feasible/realistic?
Oh the irony! Surely the concept of DEMOCRACY requires that a Prime Minister should be elected by the population? Even more ironic and certainly not democratic, is the parliamentary process/convention where mid-term changes of PM should at least be voted on by the elected political party's paying membership. And what do we have in the UK? A PM elected by fellow party MP's, bypassing the party's paying membership & the electorate. Totally democratic?
Furthermore, in a DEMOCRACY is it unreasonable to expect that the country's Foreign Secretary should be an MP elected by the population? Again not in the UK - David Cameron is not an MP as he was not elected as an MP in the last election.
Despite these small technicalities - David pushes for the seizure of a foreign state's asset for a war/dispute in which we are supposedly not directly involved. These funds should then be given to western nominated contractors to go in and rebuild/arm a foreign nation (in exchange for charges over the foreign nations land/natural resources??? - Economic Hitman)
https://twitter.com/kiraincong.../status/1733431416593973355
I guess, as they say FAFO! Carry on this playbook for too long and eventually you get found out...
https://archive.ph/k7vRb
Prepare according! #bitcoin
#HowMuchDidGreensillPayCameron #RegretOverPostOffice #GFY
Not sure what my FB friends will feel about my most recent post?
With rumours of the UK general election being called in March I thought I'd invest (waste🤣) a few hours that I'll never get back! I braved listening in on Labour's Business Conference. 🧐 I couldn't shake a vision of a Crony Capitalist Managed Economy sold on pretence of the "Society for Inclusive Capitalism" driven forward with false narratives along the lines of the business "Equalisation of Opportunity Act" and "Anti Dog eat Dog Act". 🤦 Sounds great until you think/analyse where it could take you!
Anyway, basically found myself drifting off to Galt's Gulch again but I'm not silent quitting just yet.😂🤣😂
If you've got a smart tv load up the pluto.tv app and look up Atlas Shrugged if you don't have time to read the books.
Here's the PC links:
Atlas Shrugged: Part 1
https://pluto.tv/.../movies/5c7f35ac70714868f0f25f42...
Atlas Shrugged: Part 2
https://pluto.tv/.../movies/5c7f3a4e4bf0186b96a63a9e...
Atlas Shrugged: Who is John Galt?
https://pluto.tv/.../movies/5c7f36b44798ee6153407679...
Sorry no easy way to explain this post without going your own research.
I can't see anybody to vote for - only the least bad😞
Let companies compete to produce the best products you like, knowing (for most products - except luxury goods with subjective value) the price will trend/fall towards the cheapest marginal cost of production. Trust the process of "Creative Destruction". https://en.wikipedia.org/wiki/Creative_destruction
#MilkerBill #Cronyism #JohnGalt #bitcoin
When operating within a "Complex System" it's imperative to build in extra "System Redundancy" as failing to plan is planning to fail, right!
If you're following what's happening in Texas with the National Guard and the support Governor Greg Abbott has received from 25 other States, the situation is bubbling!
With Bidens threats, these US States certainly need to build in some extra "System Redundancy"!
I would love to see Greg Abbott announce the State is adding #Bitcoin to their reserves to build in some protection against the weaponization of the Federal Reserve System fiat dollars system.
They should launch USDTexas - Overcollateralized by #bitcoin. USDTexas would be far superior to Federal fiat USDs which have nothing backing their value!
https://m.primal.net/HZMY.jpg
Me 😟 I can't justify the cost as still stacking sats. Expect it to be the best conf ever though so will certainly be listening to the stream and look forward to seeing what's been built at sovereignengineering.io 😁
Loan ETFs BTC to MM/OTC desks & rebuy those BTC back from MM/OTC - reloan them again & again 🔄 earning loan fees and AMF i.e their ETF is backed by PAPER BTC loan contracts rather than physical bitcoin.
Rince & repeat until GBTC is stripped of it's 550K BTC!
This would bypass the spot market it wouldn't drive the price higher.
https://m.primal.net/HYvL.png
VERY NICE! I just sent USDt @Tether_to from my @side_swap wallet to @AquaBitcoin wallet and L-BTC over @Liquid_BTC and both transactions went through very smoothly!!! No wonder #Bitcoin is winning 😍 with all these awesome devs 🚀🌛
https://m.primal.net/HWTt.jpg
Just listening to a live X spaces. What a line up! 🤣
Elon, Alex Jones, Tate, General Flynn, Ramaswamy...
Always good to listen to others views even if you don't agree. Would have loved to have had @jack on there too.
Just playing around comparing answers to questions from ChatGPT, Google Gemini Nano, Bard, Bing Chat etc
https://m.primal.net/HSpf.png
Interesting reply from Microsoft Bing. 🤣 Me 1-0 AI
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