90 sats \ 1 reply \ @BlokchainB 3h \ on: Orange Pilling Has Stopped Working bitcoin
I agree but bitcoin has so much friction
- The tax issue
- Volatility
- Ease of use
I think these three things keep most people out and away from bitcoin.
For instance I had a person download breeze so I can send them sats for different things then one day I go to make an LN payment and it constantly fails then I look like the fool.
Things have to get so easy that people don’t have to think and sats travel easily and don’t go down in value.
LND is the dominate implementation. Until they pick it up I feel like bolt12 will be niche just like CLN is now
60 sats \ 1 reply \ @BlokchainB 6 May \ parent \ on: Stacker Sports- Day 153- Roasted Stacker_Sports
End of an era. Hopefully buffalo and leap frog them next season
Haha no roast for me Netflix cancelled the password sharing I was doing with my friend. But I did see a few clips on X and died laughing.
Also LOL at the leafs 😂😂😂. They are talking about blowing the team up. Man when John Tavares signed there I thought they were going to be a super team but goes to show in hockey you can’t just rely on skilled forwards. You need to fill out your roster and players have to play a role. But I also think they are a victim of the new seeding . Now let’s hope Boston loses in this round.
So, it is basically, you and me and others buying bonds directly in their IRAs, 401Ks, personal accounts, and indirectly through money market accounts (yellow area), US banks (green area), foreign central banks, i.e., Bank of Japan, Bank of China, etc. and other foreign buyers (brown area), and hold up, what's that blue area?
NOT ME NOT ANYMORE
But this is what pisses me off about the fed and this system.
Let’s say the US government says hey we got bonds to sell we are trying to feed kids at lunch time and the taxes are a little short. We are looking for $1000 with promise to pay back $1500 after 5 years.
I show up with my $1000 having mowed lawns and selling donuts on the weekend.
The fed shows up with bank reserves. Which allows them to buy this bond.
The auction is intense the highest I can go is $1100 because my mom gave me $100 for my birthday.
The fed can go to $1500 because you this whole thing with bank reserves
The Fed wins with a final bid of $1101. Gets the bond. I don’t having actually worked and sold good I can’t capitalize on helping the government and getting a return for helping the government feed the kids lunch.