The biggest thing I learned in my global finance class is that ‘CASH IS KING’. It doesn’t matter how great or bad your balance sheet is if you can’t meet payroll or pay the monthly electrical bill. Cash is typical a cash account, or more usually, an operating… Tim Bouma Nov 10, 2024, 1:14 PM
FWIW, fractional reserve went out the window in the early days of the pandemic (March 2020). Most banks now have a zero reserve requirement. Their only concern now is overnight loans for liquidity, when they need to clear with other banks, and the central bank steps in once in a… Tim Bouma Nov 10, 2024, 12:56 PM
cashu About four years ago, I went deep on central banking and monetary operations. Just over two years ago #Cashu came along, then I discovered #nostr. I realized you could build an entirely new monetary and payments infrastructure using Bitcoin as the base layer, and something that could rival the likes… Tim Bouma Nov 10, 2024, 12:44 PM
nostr Hear me out. Credit is not a bad thing. It enables the monetary system to expand and contract when necessary. This was the case in Canada where the private banking system could issue notes that were redeemed at par at the competing banks. This was especially important during harvest season… Tim Bouma Nov 10, 2024, 12:30 PM
Monetary Layers. Bitcoin - commodity -> fixed asset Lightning - collateral -> faster transactions Ecash - credit -> funding flexibility… Tim Bouma Nov 10, 2024, 12:13 PM
I will read this for a good laugh. The IMF is really doubling down on CBDCs, despite the fact nobody actually really wants them. That proved to be the case in my country where a public consultation revealed that over 80% of the respondents were opposed. Despite the evidence to… Tim Bouma Nov 10, 2024, 2:56 AM
nostr Kenya orders shutdown of Telegram. Not gonna happen with #nostr… Tim Bouma Nov 10, 2024, 1:32 AM
nostr Testing zaps of amounts approaching $250 USD to demonstrate that #nostr can become a serious payments system. I'm testing with #nostr #safebox that stores the funds in relays in the form of Chaumian ecash proofs. It is working like a charm. I believe that this can become a Tim Bouma Nov 10, 2024, 1:21 AM
