Tim Bouma

What’s amazing, that up until the late Middle Ages nobody cared who the artist was. Then the ‘Cult of the Original’ (not my words) began to emerge, and voila, the artist could issue scarce works because people wanted something created by someone and the attributed works became scarce. Most…

I don’t go to Starbucks because I refuse to do KYC. I am honest to a fault and won’t give a fake name. If I do, I feel like I am criminalizing myself, which is exactly the intent of the system.…

Naahh, I will use a #npub instead To get a SWIFT address (or SWIFT code) for a bank, you can: Check Your Bank's Website: Most banks list their SWIFT codes on their websites, typically in sections related to international banking or wire transfers. Call Your Bank: If you

I think the biggest sin to be had is being a trained economist and thinking you're a scientist or engineer.…

lol, this is so true……

A comparison of Lightning channels and reverse repos. ——————————- Lightning channels in Bitcoin’s Lightning Network and reverse repurchase agreements (reverse repos) in central banking both provide mechanisms to manage liquidity and enable efficient transactions without relying on traditional systems. Here’s a comparison of how they are similar: 1. Liquidity…

zap testing…

There you have it. 1M sats in zaps. That's over $1000CAD. This is proof we can turn zaps into a serious payment system.…

Bitcoin+Nostr is the only place where you can engineer the fuck out of entirely new system without any permission.…

Years ago, I went deep on central banking and monetary operations. I am now applying what I have learned in building what I believe is an entirely new monetary system. ChatGPT is a great way to refresh my memory without rereading everything. For example, a short primer/refresher on monetary…

If you define yourself in your enemy’s terms, you’ve already lost.…

The concepts of solvency and liquidity are both crucial in finance, but they refer to different aspects of financial health: Solvency: Solvency refers to a company's or individual's ability to meet long-term financial obligations. A business is considered solvent if its assets exceed its liabilities,

Walter Bagehot, a 19th-century British journalist and economist, had reservations about central banks' potential to encourage risky behavior in financial markets, particularly through their role as a "lender of last resort." He was concerned that by stepping in to prevent financial institutions from failing, central banks

Deposit funds in #nostr #safebox Send funds via DM to another #nostr #safebox instance Pay out funds to zap, invoice or lightning address. The result, #untraceable.…

ecash makes the global evillage possible. Now it's possible to pay someone as if they are in the same village, even though they are on the other side of world.…

I think the US is now realizing that they don't actually have a central bank. They outsourced that to a private institution over a century ago. The current oversight by government is largely cooperative and ceremonial. It worked in everyone's interest for over a century and

'Wallet Wars' - as if the market incumbents are completely unaware that we are building on a completely new frontier. Plus their concentric circle model is wrong - it should be identity->authentication->payments…