Hmm, seems inflationary. What is the planet brain scheme at work here with these tariffs? What will the knock on effects of this be, excepting of course, more inflation?

That article about Custodia’s problems with their state Banking Association is very interesting, or perhaps depressing. It will be interesting to see what’s next!

It's 'baby's first bitcoin forum' and it sucks.

Very nice! I will look forward to adding this to my next gnome deployment

I don't know what I was expecting from that article that but this caught me off guard

Hilarious. Never change, Bangkok Post.

I see as of a few minutes ago that Hanke has tweeted about this.

Was this posted last week? If not please find here another opportunity to beat up on the Economist, one of my favourite things to do!

Thanks for sharing that, an old elementary school buddy is working for a UK university somewhere up north so that’s very interesting to read. I don’t know who Oxford Economics are but wow talk about money well spent. Just kidding. They are right about the apprentice thing, I believe it is much more formalised in Germany for example. I expect we will see an increase in trades, seems to have worked out well for a lot of Aussies who were never meant for the higher learning experience.

Thanks. Does it make sense to you now? It still does not make sense to me. How do you devalue ‘tokenised instruments’ that are denominated in the base currency?

Nice thanks, I wasn't crazy about the last album so wasn't really planning on giving this a listen but I have decided against it and added it to my regular rotation playlist. should have a good idea of my thoughts in about a month...

I have thought about this a fair bit but not come to any solid conclusions. I think the Bitcoin network/blockchain is the perfect tool for the job allowing people to use their public key as their identity, as it is with nostr. this is for online use only, i don't see any need to doxx oneself as part of this solution.

I could see a world where people develop their reputation online using their public key as their identity. if someone posts something the world will be able to ascertain if it was truly posted by the person with the reputation or someone else pretending to be that person. in a world where deep fakes are commoditized I could see that being a use case, the importance of the bitcoin network being the source of truth is of course that it is owned by no one and can be used and trusted by anyone, as opposed to a centralized system being the arbiter of who is who.

Of course this goes against those who want to keep the bitcoin network focused on transactions rather than secondary use cases, I won't dig into that as I am not informed enough on the topic to have an opinion.

Of course the big issue here is a key pair is a tricky thing for the majority of people to manage, and while Fostr exists I have to wonder how realistic an pseudonymous identity service not run by a govt is, people are so uninformed I can't help but that that by the time a solution was robust enough for mass use and at the same time people understood their need for it, the govts of the world will have this shit even more locked down than they already do.

@freetx I have never heard of ION and very surprised to see such a thing under the MS banner, thanks for bringing it up!

and of course thanks OP for bringing up spaces, i will look at that too. For anyone else curious: https://docs.spacesprotocol.org/

I’d better go back and check their history but yes historically Murdoch media outlets and news.com.au is precisely that are the first to broadcast any negative Bitcoin news or report or paper etc.

This article is quite the U turn.

It’s probably too late now and that’s presuming you haven’t blown the whole thing but should anyone want some follow up material Daniel Batten was on a recent podcast where he went through some of the common misconceptions relating to Bitcoin and the environment, the climate activists might be interested to learn about what he is doing around landfill methane emissions which I believe is pioneering stuff.

An excuse for what? Western Europe is probably the best place in the world to be a renter, certainly renters in Australia for example, live a much less predictable home life.

Can you pinpoint approximately when in the 7 years since you last travelled abroad that you became a fucking pussy? STFU get on the fucking place you first world privileges POS and enjoy a lovely holiday on Spain that 99% of people in the history of existence have not and never will experience. The baby calamari in particular is recommended. I have nothing against you personally, I’m sure you are a nice guy, this is a shock an awe tactic because some people need to be suplexed in order to remind them that gravity exists. The same goes for 99% of the navel gazing posted that comprise stacker news’ front page.

Enjoy and have fun, I am jealous!

Thanks for this post. It gave me reason to once more try to understand what ecash is all about. This time it made sense, and based on what I’ve just read I think ecash’s time will come, and that is almost a certainty as Bitcoin adoption continues. At the same time I think that may still be some time away, a decade at least. You guys are so bleeding edge it’s not funny 🩸

I still don’t know what to make of Powell, presuming the whole thing is not a big act.

However I am confident that whoever replaces him will opt to reduce interest rates at the next scheduled opportunity. This will be good for Bitcoin I’m told, but what isn’t.

What I am curious about is will an interest rate drop be good for the US, and how will it ripple out across the globe?

I’m at the point where I understand it but cannot articulate it. Which naturally, I’ll try now. My subconscious is much smarter than my conscious mind when it comes to economic and sociological stuff, however my understanding, which may be retarded, is that when a credit based monetary system meets a commodity based monetary system, it’s not a big boom head-on crash, instead one slowly bleeds into the other, resulting in a slow deflation of prices, which is in theory good.

For my part I believe this is inevitable. However governments will need to react to this and it is quite hard to predict how that will play out. Their debts are insanely big, mostly driven by their local banks excessive lending, and the bleeding effect would ideally be a slow and peaceful deflation of prices and ideally keep people that have mortgages paying the same monthly repayments, or even paying it down more quickly.

Imo the most interesting thing about this whole thing is transitioning from credit theory of money world to a commodity theory of money system, it’s going to reshape the world. It will not make financial sense to lend money for the sake of interest, the amount borrowed will grow in value thus making the original borrowed amount easier to repay. This is entirely contrary to the system represented by central banking so expect their full force to come down once they realise bitcoin is more than an investment asset.

With that said, it’s already too late.