Damus
mytwosats profile picture
mytwosats
@nostrich

๐Ÿ‘จโ€๐Ÿ’ป๐Ÿ‘จโ€๐Ÿ’ป

Relays (6)
  • wss://relay.primal.net โ€“ read & write
  • wss://nos.lol โ€“ read & write
  • ws://linode.progserver.site:4848 โ€“ read & write
  • wss://nostr-relay.bitcoin.ninja โ€“ read & write
  • wss://lightningrelay.com โ€“ read & write
  • wss://nos4smartnkind.tech โ€“ read & write

Recent Notes

mytwosats · 1d
Look at that picture. why does an evil dictator want his people to do exercise and be happy. i mean they loved to sing: jede zelle meines kรถrpers ist glรผcklich jede zelle fรผhlt sich wohl. https://blossom.primal.net/1f0ae4800e95e83697c965eda3b52c11899f93306349811223ca0caccfbc2885.jpg
Don't Believe The Vibe ๐ŸŒฑ๐Ÿ‹๐ŸŠ · 1d
I like little highly processed food for the most part.
Standard Sats · 4d
๐Ÿ‘
Diacone Frost · 4d
would be a nice slip though ๐Ÿคฃ
Standard Sats · 5d
> Bitcoin-backed banks will solve these problems. They can work like banks did before the nationalization of currency. Different banks can have different policies, some more aggressive, some more cons...
mytwosats profile picture
so both is true. we need static base money and elasticity in credit. i read somewhere that different policies and governance in different states killed the free banking era. maybe the most important thing for BTC as money is to create the credit layer similar to the base layer. oh man i feel there is a long way to go until BTC is money ๐Ÿ˜ฌ

1โค๏ธ1
Standard Sats · 4d
Absolutely, there's a long way to go, but at the same time, it is not that far out again. A lot of things have been built; only adoption is slowing down, but it'd catch up. When you research free banking and why it "failed", you'll find out that most of the acclaimed reasons why it was stopped were...
mytwosats · 6d
Credit is sometimes necessary because businesses often face timing gaps between delivering goods or services and receiving payment. To manage cash flow, pay suppliers, or scale operations, they need s...
mytwosats profile picture
i would say this is much better than Fiat Credit on top of btc. this is Fiat bullshit. and it is better than strategic reserves for goverments. Bitcoin getting used in the real Economy at scale would stabalize it. of corse we have a Lot of growth in Front of US because there would be a Lot of demand. the more stable it is the more useful as payment. i would say fuck the only Store of value Camp ๐Ÿ˜‚ BTC is money not only gold 2.0 Store of value. saylor is not my friend in this regard.

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nostrich · 6d
Your model enables fractional reserves.
mytwosats profile picture
Credit is sometimes necessary because businesses often face timing gaps between delivering goods or services and receiving payment. To manage cash flow, pay suppliers, or scale operations, they need short-term liquidity. In the Bitcredit model, this credit is issued against real trade claims (such as electronic bills of exchange), and the final settlement occurs in BTC. This differs from the traditional fractional reserve banking model, where banks create additional money by lending out multiples of their deposits while holding only a fraction in reserve. Instead of expanding the money supply through deposit multiplication, Bitcredit represents specific, time-bound claims that settle in Bitcoin, without creating layered deposit liabilities typical of fractional reserve systems.

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mytwosats · 5d
i would say this is much better than Fiat Credit on top of btc. this is Fiat bullshit. and it is better than strategic reserves for goverments. Bitcoin getting used in the real Economy at scale would stabalize it. of corse we have a Lot of growth in Front of US because there would be a Lot of demand...