Statists excuse government failure by saying "they didn't have enough budget". This image is a reflection of how the state spends money. Without private property, market pricing, and facing a profit and loss test - of course it wastes money. image
My latest episode with @Pierre Rochard is out! We touch on product market fit for savings, rebalancing, cultural changes on a bitcoin standard, and whether the govt should hold bitcoin
Philipp Bagus on the Banking School vs the Currency School, and how this debate remains relevant today on central banking and fractional reserve.
Can Lightning Liquidity be Solved Using Liquid? Check out my latest ep with @tank on this question
It has become normalized to put down 8-20% for a mortgage downpayment. I wonder how many people consider that they are effectively going leverage long property approx 5-12x?
Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josie and Ruben Somsen join me to discuss how it's possible. Silent Payments overview Contrast with other techniques such as BIP47 Light client support Stopping address re-use Base layer privacy discussion