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20 sats \ 0 replies \ @felix 17 Aug 2023 \ on: What “radicalized” you? bitcoin
After diving into economics and going to business school. This shit didn't make any f*cking sense. Their equations and models just don't add up.
And in case you need to pay with a card, you can just buy €100 Visa/Mastercards without KYC at Coinsbee ;)
(or up to €2500 with KYC for occasional big payments)
That's what I'm thinking; Microservices!
However, what does that actually mean? Focus on shitty webapps? Could work!
Pay-per-use SaaS subscriptions would be awesome. I see quite the case here.
Difficult to commercialize though, as it goes against most SaaS T&Cs.
Once a unique hash is associated with your being, you'll be surveillable even if mechanisms are in place to mitigate that.
Sam Altman, the guy behind eye-scanning-surveillance-WorldCoin and turning the OpenAI non-profit into a for-profit vehicle against the wishes of the donors 👏
Doesn't negate anything I said though. Same mechanics, the same fundamental concepts, and slightly different rules.
Also, try explaining this to a 5-year-old. 🥴
"Duration missmatch", aka "Temporary Loss" is purely playing around with semantics IMO.
The reality is the capital is locked and your treasury is worth less on secondaries.
Am I wrong?
(Not sure what they are actually worth, just quickly calculated 4%,delta * 10 years)
EDIT: Okay, it's more like 2.5% yield delta... You get the point
FAQ
Q: Who's to blame?A: The Fractional Reserve System
Q: Can this happen to any bank?A: Technically, yes. In reality, no. The very biggest banks will get saved by the central banks. Unless central banks are keen on justifying global civil wars.
Q: Why can even five-year-olds comprehend that the fractional reserve system is a fundamentally brain-dead idea?A: Because through this system, money is either destroyed slowly (by lowering interest rates & QE; to maintain increasing systemic leverage), or it's destroyed fast (by raising interest rates & QT; triggering defaults and risking cross-industry debt spirals).
That's really dope!
Why did they make ?broadcast=true something optional? Any reason why someone shouldn't activate this as well?
I don't agree with the notion that it's useless to run multiple nodes.
I'd say the large majority of Voltage users also run a node at home.