BHAVIK

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BHAVIK
bhavik@nostrplebs.com
npub10hcs...f8fn
Bitcoin Hub https://youtube.com/@inbitcoinhub Unboxing Bitcoin (Hindi) https://youtube.com/@UnboxingBitcoin https://satsconverter.vercel.app/ https://priceofbitcoin.vercel.app/
The future of banking is not stablecoin issuers providing opportunities for the global south to buy US debt; the future is every website, every digital community, threatening to run their own ecash instance, backed by bitcoin, the only neutral reserve asset, when their current financial counterparties are eventually cut off. image
At the center of the circuit of the US banking system sits the Federal Reserve and the Treasury – a proprietary black box chip that controls both the current (short-term and overnight interest rates) and voltage (the issuances of US Treasuries, β€œUSTs”).
The special commodity or medium that we call money has a long and interesting history. And since we are so dependent on our use of it and so much controlled and motivated by the wish to have more of it or not to lose what we have we may become irrational in thinking about it and fail to be able to reason about it like about a technology, such as radio, to be used more or less efficiently. - John Forbes Nash, Jr. image