Damus
CitizenPedro profile picture
CitizenPedro
@CitizenPedro

For a freer society with free individuals working voluntarily. Developer, technology, business, cooperatives, networker, etc. Based in Portugal.

https://linktree.com/citizenpedro

#europe #portugal #spain

I also like Switzerland and think it has by far one of the most voluntaryist systems in the world.

The medium is the message. Long live #nostr. Feel free to send messages :)

Relays (3)
  • wss://relay.primal.net/ – read & write
  • wss://nos.lol/ – read & write
  • wss://relay.damus.io/ – read & write

Recent Notes

CitizenPedro · 1w
This is most likely how the QE will happen this time. Bank QE Instead of the FED deciding when/how many treasuries to buy from banks, it'll be SLR ratio reductions (regulation that limit banks loans/...
CitizenPedro profile picture
And they would use this new money, their own bank loans, to buy treasuries from FED, effectively financing government and reducing yields.

Banks doing QE for government. It maintains FED appearance as a fiscally conservative institution (for global US dollar stability), FED rates would be exactly the same as today (they don't need to change it), while banks do all the work.

It's the way to do it without disturbing waters
CitizenPedro profile picture
This is most likely how the QE will happen this time. Bank QE

Instead of the FED deciding when/how many treasuries to buy from banks, it'll be SLR ratio reductions (regulation that limit banks loans/monetary creation) allowing for banks to create loan assets at maybe double rate.

TLDR: Banks would print 2x money in this Bank QE era, effectively 2x more money in the market. Bank QE basically

https://www.youtube.com/watch?v=833AGPTeqRM
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CitizenPedro · 1w
And they would use this new money, their own bank loans, to buy treasuries from FED, effectively financing government and reducing yields. Banks doing QE for government. It maintains FED appearance as a fiscally conservative institution (for global US dollar stability), FED rates would be exactly t...
reiartur · 1w
É ainda muito para um PetroBitcoin, mas sim, concordo que estamos a iniciar uma nova era multipolar, com várias moedas de reserva e reservas de valor. Só que ter múltiplas moedas como reserva nos bancos centrais, ou nos pagamentos internacionais, é complexo e pouco eficiente. Vai ser interess...
Sourcenode · 4w
It's a very small percentage of the global population who own stocks, and an even smaller amount who actually move the market.
CitizenPedro profile picture
I think this war will further accelerate Bitcoin adoption.

They don't get it, Iran will defend the straight forever. This is the new Petrobitcoin like currency, exactly like the Petrodollar started.

#bitcoin
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Chain Signal · 6w
Transaction volume has increased 15% since the war's escalation. 24h avg transaction size is at 6.35 BTC, a 2-year high.
ethfi · 8w
Does it work well?
rev.hodl · 8w
I got the link on syntropic agroforestry but missed the other one somehow. I'm interested in learning more.
CitizenPedro profile picture
Hi @rev.hodl! Really love what you're building by the way! Great circular economy you guys are building, much respect :)

I think this might be about the Mutual Credit topic? For me one of the things that blew my mind is this book by Graeber https://files.libcom.org/files/__Debt__The_First_5_000_Years.pdf (there's no good audiobook unfortunately) and also mutual aid by Kropotkin, https://www.youtube.com/watch?v=Il0tHR-Ll1o

Graeber especially poses a really strong and not talked about position/historical phenomena which is that most tribes and in many eras of history lived without money itself, using instead this informal mutual credit system where people helped each other out by default without an accounting system AND without direct bartering. A long term informal mutual credit system basically

In my father's very old and small village in northern Portugal (of around 300 people) until around the 1980s people every year helped harvest up each other's potatoes in a complete informal arrangement of "everybody helps each other out, because that's what's expected". There was never forcing to do anything, it simply was that way, you help me here, I help you there, year after year. And I mean the whole people in the village, we are talking about dozens of people getting together to do this. I think I went into one of these last gatherings at one point :).

I think that's a good example of what the mutual credit system that Graeber talks about in the book is

cheers!
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rev.hodl · 8w
I think Bitcoin creates incentives to prioritize utilizing other forms of capital over defaulting to financial capital. It can define the border to the culture in which other forms of capital are prioritized, like the social capital you mentioned with the potato harvest. Bitcoin can be the next phas...
rev.hodl · 8w
I got the link on syntropic agroforestry but missed the other one somehow. I'm interested in learning more.