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… Tim Bouma Nov 11, 2024, 2:29 PM
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, Tim Bouma Nov 11, 2024, 2:02 PM
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 Tim Bouma Nov 11, 2024, 2:00 PM
nostr 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.… Tim Bouma Nov 11, 2024, 1:59 PM
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.… Tim Bouma Nov 11, 2024, 1:45 PM
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 Tim Bouma Nov 11, 2024, 1:15 PM
'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… Tim Bouma Nov 11, 2024, 1:08 PM
