nostr Friendly reminder that LinkedIn contacts are not your contacts. Tried to connect someone via LinkedIn at a meetup but we were both forced to upgrade.(we did not). We connected via #nostr instead (I onboarded him)… Tim Bouma Nov 16, 2024, 1:59 PM
nostr Totally excited that I got an instance of ditto up and running. Even more excited that I can use the relay as the backend for #nostr #safebox But I still need help to grok how I can use this to make a real difference for a community. Advice, examples, most… Tim Bouma Nov 16, 2024, 1:21 PM
Nothing is official until the money comes through! Well, it came through! 🙏🤝 Official announcement coming soon!… Tim Bouma Nov 16, 2024, 1:09 PM
BTW, the banks (not the central banks) hate the M0 layer (banknotes), because it forces them to hold dirty cash in their safes and convert their liabilities (M1) into M0 which can be used outside their payment system. Banks also hate CBDCs because it disintermediates people from their systems, and… Tim Bouma Nov 16, 2024, 1:03 PM
This diagram of the Bank of Canada balance sheet shows what happened in early 2020. The greyish curve is banknotes (M0’ in circulation, a steady uptick from the 90s from about $25B to 2024 of about $125B. Then boom, at the outset of the pandemic, the yellowish curve, liabilities to… Tim Bouma Nov 16, 2024, 12:41 PM
