Sort of true in principal - if no one has faith in their currency then it will have no value and no one will use it. But as long as some people value it, and banks have the magical power to fraudulently create customer deposits out of thin air, it’s pretty easy for a few banks to collude and create a flywheel of credit creation building up each other’s reserves with the other’s loans. It was this sort of behavior that kept crashing the currency before the Fed and was used as the excuse for a central bank. Just ending the Fed isn’t enough. You can argue that without removing their ability to create deposits they will devalue the currency into oblivion. The central bank serves a role of limiting this potentially infinite expansion, but really only directly addressing the root of the problem, which is that every single bank loan literally creates customer deposits out of nothing, then the currency will continue to be used as a tool of fraud and enslavement.

After what I wrote above, I used Bull some more and realized that there are two phases - it seems like there’s an initial Lightning payment and then there’s a delay while the liquid swap completes. So it’s possible I was mistaking the swap duration for the Lightning payment. I’ll need to watch it a bit more.

What do you think about it?

After using bull wallet a bit as well as Phoenix and strike, I must say the longer wait for lightning payments using bull has me using the latter two more. I just don’t think the longer time it takes to swap from liquid is worth the benefits. Every millisecond counts in the instant payment experience.

What about removing the power to create deposits from the banks? With that power they can just buy all the Bitcoin with a flick of the pen. They did it to gold and are doing it to Bitcoin.

"Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits." - SIR JOSIAH STAMP, (Director of the Bank of England in the 1920's)

The link to the event on Satlantis doesn’t work

@HODL You’re chill AF

There appears to be something off with the income vs expenses data of the countries at the Burundi end of the tables. For example in Burundi it claims that avg expenses are $11,140 vs avg income of $260. That makes no sense on the face of it, and the website does not cite its sources for its data so there’s no way to see how it’s arriving at those numbers.

This looks like extremely scammy and spammy