pahueg
Pascal Hügli

Mentally retired, financially semi-retired, professionally: only just starting 🚀 Book author: in English&German: http://kryptobu.ch

Public Key

npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8

NIP-57 Address

supermoth7@primal.net

Profile Code

nprofile1qqsqtn00e5yqkd25hh96rzff0tjhst6vhwg6qcq3adgfr7lu25xvyeq64sx43

Author Public Key

npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8

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Last Notes

2024-10-07 11:25:44

𝐑𝐞𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐦𝐲 𝐜𝐫𝐢𝐭𝐢𝐪𝐮𝐞 𝐨𝐟 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐟𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐰𝐡𝐲 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐚 𝐛𝐞𝐭𝐭𝐞𝐫 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲
Having recently started working for a Bitcoin bank in Switzerland, I was introduced to the “privilege of having to” save through the traditional pension system. As a libertarian-minded, young Bitcoiner I do have my fair share of struggles with the traditional pension structure and I pretty much avoided it my entire life up until now.
After countless discussions with my parents and father-in-law about the flaws and unsustainability of the pension system, I felt compelled to delve deeper into understanding how it works.
Today, while I'm still skeptical and believe that young people like me should put the bulk of their savings elsewhere, I've come to realize the resilience of traditional pension systems.
In fact, I used to think pension systems are on the verge of collapse and that it would be wise to withdraw any savings sooner rather than later. However, I've realized that this risk isn't as imminent as I once believed. How come?
The answer lies in the fact that traditional pension systems are ultimately supported by their respective governments. When push comes to shove, our benevolent fiat overlords ensure that these pension funds remain solvent. A prime example of this occurred during the UK gilt crisis in late September 2022, which saw a sharp decline in UK treasury bond prices.
The intervention in the gilt market during that period was crucial in saving the British pension system from a potential crisis. Here's how it happened:
In years of low interest rates, UK pension funds leveraged their investments using Liability-Driven Investment (LDI) strategies. When bond prices dropped, these funds faced significant losses, triggering demands for additional collateral that many pension funds struggled to provide.
By stepping in to stabilize the UK gilt market, the Bank of England prevented a widespread collapse of LDI funds, averting a financial crisis that could have severely affected pensioners.
Given this outright government backstop for pension funds, why wouldn’t you want to be saving through this vehicle? I started this conversation by saying that I am still skeptical about pension funds and that I would put money elsewhere.
This is because in real-terms traditional pension systems are falling behind. Because of regulations, these funds have to be invested in government bonds. When governments, in coordination with their central banks, prop up treasury bonds to support pension funds, the resulting measures—no matter how complex and opaque to the average person—are likely to erode the purchasing power of those savings over time.
So, what’s the solution? It’s essential to look beyond pension funds. While stocks can be a viable option, I believe that Bitcoin offers the most promising investment opportunity.
In a world where government-backed collateral, primarily in the form of bonds, is continually devalued to sustain the pension system, Bitcoin represents a new form of market-based collateral with tremendous upside. I firmly believe that Bitcoin is well-positioned to become the ultimate market-based collateral of the future.
Although Bitcoin lacks government backing and regulatory support—similar to gold—its market size is poised to rival that of U.S. government bonds. Once that happens, its liquidity will compete with that of U.S. treasuries. Unlike gold, Bitcoin is entirely virtual, leading to lower custody costs, cheaper transportation, and easier verification. These advantages make Bitcoin a more efficient asset compared to gold, but it has not yet surpassed U.S. government bonds.
However, when considering Bitcoin's global accessibility, 24/7 liquidity, instant settlement, and uniform fungibility—especially when contrasted with the fragmented U.S. bond market, which includes securities with varying maturities—it's clear that Bitcoin has compelling advantages.
In conclusion, we can say that government-backed pension systems are the ultimate savings technology for boomers. They have served this generation well throughout their lives, and likely will continue to do so.
For millennials and younger generations, Bitcoin represents the next evolution in savings technology. By adopting it now, you stand to benefit disproportionately, just as previous generations have capitalized on their own era's ultimate savings vehicles.
#Bitcoin
#PensionFunds
#SavingsTechnology
#FinancialLiteracy
#RetirementPlanning
#Investing
#Cryptocurrency
#WealthManagement
#Libertarian
#FutureOfFinance
#InvestmentStrategy
#MillennialFinance
#FinancialIndependence
#EconomicFreedom
#DigitalAssets

2024-09-26 15:49:57

https://youtu.be/p2GtbX6RXrU?si=uqBBq2_swy9L1z22

2024-09-21 04:36:33

𝗧𝗵𝗲 𝗢𝗻-𝗖𝗵𝗮𝗶𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗝𝗮𝗺𝗲𝘀 𝗖𝗵𝗲𝗰𝗸: "𝗧𝗿𝘆𝗶𝗻𝗴 𝘁𝗼 𝗽𝗿𝗲𝗱𝗶𝗰𝘁 𝘁𝗵𝗲 𝗽𝗿𝗶𝗰𝗲? 𝗬𝗼𝘂’𝗿𝗲 𝗗𝗼𝗶𝗻𝗴 𝗜𝘁 𝗔𝗹𝗹 𝗪𝗿𝗼𝗻𝗴!"
@npub1qh5…eh9r & @npub1qhx…04l8 dive into why understanding whether you're a trader, investor, or saver is crucial—and how knowing which "bucket" you fall into can shape your investment strategy.
We also break down the power of enhanced DCA and explain why following the "Sell and buy back later" crowd is a fool's errand. Plus, we discuss how Bitcoin investors can identify absolute bear market bottoms and local tops during bull runs using on-chain metrics!
Timestamps:
00:00 Intro
02:58 Understanding Market Signals and Human Behavior
05:48 The Investor vs. Trader Mindset
09:01 Bitcoin as the World's Best Long-Term Conviction Asset
12:13 On-Chain Analysis: A New Perspective
15:00 Investing Frameworks for Bitcoin
17:53 The Power of Enhanced DCA
21:13 Market Cycles: Predicting Tops and Bottoms
24:00 The Future of Bitcoin Market Dynamics
Enjoy🤜🤟
https://youtu.be/p2GtbX6RXrU?si=oaj1zqpdvdR9HTXq
#Bitcoin #Investing #marketanalysis #onchain #trading #psychology #marketcycles, #dca #crypto #signalovernoise

2024-09-13 06:53:20

𝗧𝗵𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿: "𝗜 𝗥𝗲𝗺𝗮𝗶𝗻 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗼𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝗮𝗻 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗥𝗲𝗰𝗲𝘀𝘀𝗶𝗼𝗻"
@npub104x…pyta and @npub1qhx…04l8 talk about all things recession. Is a recession on the horizon? If so, what key indicators are flashing warning signs? Is the U.S. government, with its war-time deficit spending, distorting economic indicators? And most importantly—why stay bullish on Bitcoin in face of a recession?
Timestamps:
00:00 Intro
01:11 André's Early Days in Bitcoin
14:45 Understanding the Current Economic Landscape
29:51 Recession Indicators and Their Implications
45:00 Bitcoin's Future: Catalysts and Predictions
https://www.youtube.com/watch?v=AhD_CkRjsqg
Enjoy🤜🤟
#Bitcoin #recession #economicindicators #cryptocurrency #investment, #macro #cryptomarket #monetarypolicy #lessnoisemoresignal #signalovernoise

2024-09-11 10:23:44

A recently had a post on how the US Treasury is influencing the longer-dated bond curve:
https://primal.net/e/note1sfptwc5qzah4tn5atrpqkht8466596hlv2allcf5zeak49gnt29q34qk6z
Here‘s some more insight on this topic:
Stephen Miran et al. call it: "Activist Treasury Issuance"
This podcast should be worth your time: https://www.youtube.com/watch?v=I-HembzMIvA

2024-09-11 08:29:01

Who here on #nostr has taken the orange pill and has found a new type of existentialism?
feat. Orangecrypto
#Bitcoin
https://m.primal.net/Kmft.jpg

2024-09-09 20:03:12

𝐅𝐮𝐭𝐮𝐫𝐞 𝐠𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐨𝐫𝐝𝐞𝐫 𝐚𝐧𝐝 𝐁𝐢𝐭𝐜𝐨𝐢𝐧
I just finished reading Matthew Pines‘ brilliant paper, “𝐺𝑟𝑒𝑎𝑡 𝑃𝑜𝑤𝑒𝑟 𝑁𝑒𝑡𝑤𝑜𝑟𝑘 𝐶𝑜𝑚𝑝𝑒𝑡𝑖𝑡𝑖𝑜𝑛 & 𝐵𝑖𝑡𝑐𝑜𝑖𝑛,” from the Bitcoin Policy Institute, and oooh boy, it’s amazing.
A few key points really clicked for me; I increasingly believe that the future macro-order will look as follows:
𝐎𝐧 𝐨𝐧𝐞 𝐬𝐢𝐝𝐞, 𝐰𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐄𝐚𝐬𝐭 (𝐂𝐡𝐢𝐧𝐚/𝐑𝐮𝐬𝐬𝐢𝐚) 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐠𝐨𝐥𝐝, 𝐞𝐧𝐞𝐫𝐠𝐲, 𝐜𝐨𝐦𝐦𝐨𝐝𝐢𝐭𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐂𝐁𝐃𝐂 𝐧𝐞𝐭𝐰𝐨𝐫𝐤𝐬. 𝐎𝐧 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫, 𝐭𝐡𝐞 𝐖𝐞𝐬𝐭 (𝐔𝐒 𝐚𝐧𝐝 𝐚𝐥𝐥𝐢𝐞𝐬) 𝐟𝐨𝐫𝐭𝐢𝐟𝐢𝐞𝐝 𝐛𝐲 𝐞𝐧𝐞𝐫𝐠𝐲, 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐚𝐧𝐝 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬.
At the start of this geopolitical contest, the U.S. was the undisputed winner. Thanks to having the global reserve currency (USD) and the world’s safest reserve asset (U.S. Treasuries), capital flowed into US markets, forcing countries like China to rely on the dollar for trade while financing America’s debt, benefiting their geopolitical opponent even more.
However, China has found a way out. Instead of recycling dollar reserves into treasuries, they’ve been buying hard assets, real estate and Western equities. Through the Belt and Road Initiative, China is also lending dollars to emerging markets in exchange for collateral like infrastructure (ports, land, dams).
But China is going further. By building a cross-bridge CBDC network with its partners, China can deepen financial ties and bypass the U.S. dollar system ever more.
All of this increasingly looks like a “heads China wins, tails US loses” situation.
So, how can the US and its allies counteract this?
Judging by what’s happening on Wall Street and the conversations happening in Washington DC, the US is discovering the power of Bitcoin and dollar-based stablecoins as a tool to counter these adversary efforts to challenge US geoeconomic power while reinforcing liberal value systems around the world.
For one, it can be argued that soon-to-be regulated private stablecoins are winning the fight against China’s Belt and Road initiative and cross-bridged CBDC arrangements on the US’s behalf. After all, market-driven transaction volume in the biggest US dollar denominated stablecoins vastly outpacing the CBDC efforts of the People’s Bank of China to-date.
Global demand for stablecoins, which are backed by US bonds, could become a crucial tool for U.S. debt financing. In a way, US denominated stablecoins act as indirect tax levied on dollar bitcoin flows. How so?
They can be viewed as a tax because foreign users indirectly "pay" by contributing to the demand for US assets, which allows the U.S. to finance its government debt more easily and cheaply. Essentially, international users of stablecoins are helping fund the U.S. government, much like how a tax supports government revenue.
It’s quite ironic when you think about it: the rise of Bitcoin, alongside today’s decentralized global altcoin casino, has unintentionally gifted the U.S. government a new strategic macro buyer for its debt—one poised to become even more influential in the near future. Put simply: if it weren’t for global shitcoin trading, stablecoins wouldn’t have grown as rapidly as they have.
In short, Bitcoin and stablecoins are emerging as some of the most potent geopolitical tools the US and its allies have against Eastern powers. It’s high time key decision-makers recognize that allowing Bitcoin to flourish—potentially even surpassing gold in monetary significance—would disproportionately benefit the US. After all, American citizens and companies hold a substantial portion of the global Bitcoin supply, and its adoption would fuel growth in US capital markets.
Bitcoin and the US dollar naturally complement each other, with US. dollar stablecoins serving as the crucial link between them! Stablecoin issuance will by driven by demand for Bitcoin and its rising dollar price.
@npub1tcc…e6fh put it well, when it wrote: “As the US finances more deficits w/ T-Bills, inflation rises secularly = BTC up = more stablecoins = more T-Bills = inflation up more = BTC up = more stablecoins = more T-Bills... wash, rinse, repeat.
This should also prompt the US to adopt a light tax policy on Bitcoin, recognizing that Bitcoin demand fuels stablecoin growth—and these stablecoins already act like an international "tax" on a growing global base of users that support US government debt.
#Bitcoin #Stablecoins #Geopolitics #USDollar #CBDC #Macroeconomics

2024-09-08 18:00:27

Being a critic of anything is important. However, here are three things I found to be just wrong criticism:
„Who will build the roads?“
-> Statists falsely assume no one would build the roads
„Who will run the relays?“
-> No-coiners falsely believe that #nostr is not gonna work
„Who will buy the bonds?“
-> Fiat haters falsely think, the government bond market of Western sovereigns like the United Stated is about to collapse

2024-09-05 19:46:45

Have you heard about Travis Kling‘s theory „A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything" and „Financial Nihilism: The Zeitgeist of Young America".
In it he raises some great points about how monetary relativism caused by global central banks has been driving people to speculate on shitcoins!
I have been in "crypto" for the past 8 years as well. For me personally though, I don't feel like being pulled into the pervasive quiet quitting mentality he describes.
As a matter of fact, I never felt more excited about this space. However, this is mainly because of #Bitcoin! Being an open-minded person, trained as a financial journalist, I always had the ambition to study and understand the entire space.
This has always helped me not drift into the Bitcoin Maxi camp, for better I would argue. Nonetheless, I have always been a Bitcoin realist.
Today, my excitment is growing because Bitcoin is showing real world adoption. The Bitcoin ETFs have only been the start. The big US banks are coming, it's not if but when as Howard Lutnick has been pointing out in one of his latest X posts: https://x.com/howardlutnick/status/1831080474124681316?s=46&t=dsOG2YNLvX4R1JCEEpiQ2w
Also, there is a lot of interesting stuff happening around scaling Bitcoin with REAL layer-2 technologies. There is decentralized social media taking off in the form of #Nostr.
The financialization of Bitcoin is happening as we speak. I can see it at the very bank I am working for. However, this inevitable financialization mustn't be bad.
In fact, there are technology providers out there like @npub19yf…mc68 that will make sure the financing of Bitcoin will happen in a peer-to-peer, non-custodial, open, transparent way thanks to multi-signature and collaborative custody - an upgrade to the system.
I recently got to talk about these topics with @npub1797…ar68 and @npub1s5y…6q7z on a recent podcast. You can check the episode here: https://youtu.be/9LQ4AElWDMc?si=YNklO3uKLnCE4fcv
So, why am I telling you all this? I want to prove a point that „crypto“ can still be interesting, if you shift your focus and attention to Bitcoin!
Also, I feel like I have the responsibility to convey this message to all the laggards (boomers, etc.) that are now looking at crypto and want to invest in all sorts of projects. At the bank, I talk to a lot of them, on a regulary basis. Well, they are behind the curve and don't know yet that a lot of crypto enthusiasts have quietly given up on crypto...
As such, I feel like this message is very important and needs to be presented to older folks so they can be warned and their invested wealth potentially be protected!
So, to sum things up: I will keep on pushing. Also, I will be starting my own podcast very soon and I hope to provide content that is signal over noise.
#lessnoisemoresignal

2024-09-05 13:30:25

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Well, multisig cold storage custody is coming.
Generating a yield is coming with risk, you might not want this! Possibly better: conservatively borrow against your BTC stack and let BTC do the magic over a long time period.

2024-09-05 13:10:33

„Crypto“ is among the top 10 least attractive hobbies men can have according to women.
Ergo, crypto wealth might not help you to get girls after all.
Interestingly, reading is considered the most attractive trait men can have. True Bitcoiners , who have done their research have done a lot reading, or else they woule not be Bitcoiners.
Ergo, Bitcoin knowledge is attractive in the eyes of girls 👀?
Related: Even @npub15dq…lm5m says that he has never met a Bitcoin critic who had spent even 100 hours of studying #Bitcoin
Most importantly: Crypto is NOT Bitcoin
https://m.primal.net/KfUe.jpg

2024-09-05 11:09:48

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The same for me!

2024-09-05 05:55:25

For our upcoming book, we’ve been exploring the history surrounding the founding of the Bank of England, often referred to as a "revolution bank" by contemporary commentators.
What stands out to me are the striking parallels between this monumental project and the development of Ethereum. Both embody a blend of meticulous planning and inherent hubris. Despite the founders' well-meaning intentions, the reality often strays far from their original vision—true for both the BoE and Ethereum.
Just as the BoE became the blueprint for central banks across the globe, Ethereum has inspired a vast ecosystem of crypto networks.
One might argue that Ethereum is the modern-day equivalent of the BoE—a project aimed at creating and steering “optimal” monetary systems, yet accompanied by unintended consequences and interventions.
From a high-level perspective, I would categorize the systems as follows:
Central banking, as seen with institutions like the BoE, revolves around creating money, controlled by a select few—the "high priests" of fiat currency.
Platforms like Ethereum democratize money creation, making it accessible to a wider group (though it still concentrates power in certain hands, it’s arguably more open than the traditional central bank model).
Bitcoin represents the attempt to remove human control over money altogether—designed to prevent anyone from arbitrarily creating currency.
There will be a more detailed post on how Ethereum resembles the BoE.
Also, thanks to @npub1s5y…6q7z for agreeing to take a look at our book and support us with his knowledge on the various Bitcoin topics🙏

2024-09-04 17:58:18

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Thanks sir!

2024-09-04 15:25:44

It gives me great joy that I was recently invited by @npub1s5y…6q7z to his podcast.
Together with @npub1797…ar68, we talked about:
-Why peer-to-peer lending is so important in the Bitcoin context
-How Swiss banks like are so advanced when it comes to Bitcoin
-Why, stablecoins will most definitely be adopted by traditional banks
- And how banks should be thinking about tokenizing all sorts of assets.
As someone who has been in the Bitcoin space for about 8 years 🕰️ and knows how real Bitcoiners truly think, I want to take this knowledge and contribute to the bank’s understanding of Bitcoin and Bitcoiners! 💡🏦
Here's our talk: https://youtu.be/9LQ4AElWDMc?si=cAjJ2A6ydE2BUEYG
#Bitcoin #tokenization #digitalassets #peertopeer #lending #bitcoinbanks

2024-09-04 09:35:49

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This is the same for all banks. Obviously technical setup etc. differs depending on how the bank is doing it (build your own custody solution or do sub-custody with third party sub-custodian).
Generally though, in Switzerland, thanks to changes in Swiss law and banking regulations, banks can separate digital assets from their balance sheets. This allows them to offer true custody accounts, ensuring that assets belong to the client. By law, these assets are fully segregated from the bank's estate during bankruptcy and are returned to the client.

2024-09-04 09:32:06

Hello world! 🌍
The Cantonal Bank of Zurich is now offering its clients the option to invest in Bitcoin and Ethereum. 🚀 This marks yet another major step forward for the Swiss banking industry. Earlier this year, the third-largest bank, Post Finance, also introduced its own crypto offering.
It seems like only a matter of time before the two largest banks (looking at you, UBS 👀) will need to follow suit!
When it comes to Bitcoin and digital assets, Swiss banks are far ahead of their US counterparts. 🇨🇭 In the US, regulatory hurdles still prevent banks from fully engaging with Bitcoin.
Offering custody for digital assets like Bitcoin involves significant costs due to the capital backing required (thanks to Basel III regulations 💰).
However, in Switzerland, thanks to changes in Swiss law and banking regulations, banks can separate digital assets from their balance sheets. This allows them to offer true custody accounts, ensuring that assets belong to the client. By law, these assets are fully segregated from the bank's estate during bankruptcy and are returned to the client. 🔐✅
At Archip Maerki Baumann, this is why we're able to offer a segregated wallet for each of our clients holding Bitcoin with us.
As I understand it, something similar is possible in Wyoming 🇺🇸, thanks to the efforts of @npub1uyz…8632 and others, but it's still rare in most of the United States.
#Bitcoin #Crypto #DigitalAssets #SwissBanking #FinancialInnovation
https://m.primal.net/Kdei.png

2024-09-03 16:56:17

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Good observation. I‘d assume that demand is not strong enough, which is why issuance has to be suppressed by scaling down long-dated issuance.

2024-09-03 16:42:59

Happy to share my talk „Pitching Bitcoin to Boomers“ that I was honored to give at Baltic Honeybadger conference organized by @npub1yul…ncdu @npub19yf…mc68 @npub1797…ar68 and all the team!
I was representing our bank Maerki Baumann as a Bitcoin investment manager. Yes, this is my official title😉
Thanks again for this opportunity!
https://youtu.be/tgQHBN2PtMo?t=18432
#Bitcoin #portfolio #assetmanagement
https://m.primal.net/KcXM.jpg

2024-09-03 05:17:00

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@npub1m6y…e2p9
At some point, I‘d be happy to talk about these dynamics and other things on Unchained‘s podcast?

2024-09-03 05:15:50

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What the US Treasury department is doing is „active duration management“
By not issuing long-dated treauries as much, institutions like pension funds, etc. are starved from getting these long-dates securities. As they are mandated (and incentivized by their business model) to buy long-dates treasuries still, demand „outpaces“ supply, which drives up prices and yields down (there an inverse relation between price of bonds and their yield).
How to measure/estimate this?
One way to do this is to compare the 10 year treasury yield to the yield for bonds on the agency mortgage market. The latter is low-risk and got the backing of the US government ss well, so these bonds are almost like treasuries.
In bond speak however, they have longer duration and greater convexity, which is why, when you compare these you have to factor in these differences. You can do that by help of a calculation where you make these to comparable by filtering out convexity and duration and when you do this, you still get about a 100 basis point difference which indicates that this is by how much US treasuries are overvalued or their yield is suppressed.

2024-09-03 05:13:17

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Yes!

2024-09-03 04:52:07

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Yes, that‘s a good point

2024-09-03 04:21:16

If almost feels ironic that you @npub16c0…6nvr look like Leonidas from the movie 300!😎
#note1a8r…kmf7

2024-08-31 21:51:16

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How can I run my own relay?

2024-08-31 15:29:14

Treasury bill, or short-term US debt paper, has historically ranged between 15% and 20%. In recent months, this percentage of T-bill of total US debt has broken above 20% and it might well be on it‘s way to 25% (or even higher).
As institutions like pension funds are starved from getting long-dates securities, other have been buying the short end. Who? Banks, credit providers as well as the infamous US stablecoiner provider Tether.
Why is this significant?
This is covet yield curve control or yield supression because it supresses the long-end of the curve.
As a matter of fact, the yield of long-dated treasuries should actually be higher, about 100 basis points by conservative estimates.
The question we need to ask is how will the US get investors back into long-dated treasuries?
-Bring down short-term policy rates (significantly) to make long-end debt more attractive.
-Push for a recession to create save haven demand for long-term treasuries (beat steepener). Rather improbable, no?
-Go new ways. For example, as @npub1s5y…6q7z has explained, what if the US Treasuries were to back long-dated bonds with a Bitcoin component. Could this be enticing enough for regular investors to buy into long-end Treasuries?

2024-08-31 11:56:08

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Good thing is, and that‘s whta my original post was about, that Brazilians are hands-on and pretty strong non-authority-believers which leads me to suspect that less people will comply when compared to other jurisdictions…

2024-08-31 10:47:40

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Well, what will happen then? Some people will follow orders, others (fewer) will not obey. Or what is your thought?

2024-08-31 10:10:30

When I lived in Brazil for almost a year, brazilians struck me as a very hands-on populace.
Now that X is banned in their country, I feel like many tech-savvy Brazilians will make it to #nostr
Bon dia cara🥳

2024-08-31 07:37:00

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How to create something like this?

2024-08-31 04:12:27

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Is will be published online soon

2024-08-30 15:51:38

About to go live with @npub1s5y…6q7z and @npub1797…ar68 to talk about Bitcoin, pristine collateral, peer-to-perr lending, pitching Bitcoin to boomers and more.
Super Stoked!😎🏋️

2024-08-30 10:15:26

How to call out scammer/fake account on #Nostr?

2024-08-29 08:15:03

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Thanks. How can I securely transfer nsecs between clients? Alby? Any guide?

2024-08-29 07:50:54

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Add-on: maybe i have to be more precise: wallets that are not that of @npub12vk…pugg or any nostr-first client? Like „normal“ lightning wallets (maybe even non-custodial ones?

2024-08-29 07:48:27

I hear that #Nostr, in combination with #Bitcoin Lightning enables a sort of „international decentralized open-source Venmo“
So what wallet already is connected to Nostrs‘ public payment directory?
Would love to showcase to my students tomorrow.
Anyone? @npub1a2c…w83a

2024-08-29 07:26:45

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Where can I learn more about how this works in pratice?

2024-08-28 21:10:12

What‘s your #nostr pilling moment?
Please tell me!
Eventually everyone will have such s moment (epiphany)

2024-08-28 20:32:33

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How come?

2024-08-28 09:52:37

Bitcoin wealth holders are growing, in numbers and in wealth!
According to Henley & Partners‘s most recent report, these are the numbers:
-85,400 fiat millionaires (1 year growth 112%)
-156 centi-millionaires (1 year growth 100%)
-11 billionaires (1 year growth 83%)
The implications of #bitcoinaires supplanting today's fiat cantillonaires is something most people do not give enough thinking power to.
With #Bitcoin increasing in price, much of what we take for granted today will change. This change will be driven by the ones arbitraging the understanding of Bitcoin's ascent.
Here are a few thoughts:
-Banking and financing landscape will change as financial institutions will increasingly align their products with the demands of bitcoiners.
-Regulations will change in many different areas as bitcoiners will have the power to lobby successfully. Because of their influence (financially and culturally), politicians will increasingly suck up to bitcoiners.
-Global Power dynamics will change as the influence of wealthy Bitcoiners will have geopolitical consequences across the spectrum of nations.
-Money funding innovation will be channeled into the areas that are dearest and nearest to bitcoiners. Study their values and ethics to anticipate where this money is headed.
-Architecture and sceneries are going to change in accordance with the long-term, low-time preferences of bitcoiners.
-Wealth inequality between the top 0.1 % of bitcoiners and the recent will increase as information disseminates and information distribution is not equal, leaving too many Bitcoins for the ones stacking today!
Would love to hear, what others think. Anecdotes and concrete examples showing us a glimpse of the future would be very much welcomed!
Link to report: https://www.henleyglobal.com/publications/crypto-wealth-report-2024?adname=XPostCryptoReport

2024-08-28 09:42:59

I saw that I can set different sat ranges for zaps.
However, if I zap, it has always just zapped the „first“ rate I set.
How can I choose?
Thx

2024-08-28 08:36:14

Not sure who I can give props to for creating this image.
However, I know exactly who to give props to for making non-inflatable money possible and making hodling worth my while!
#satoshi #nakamoto https://image.nostr.build/a7303aadc91b44da9c11d5be089ea02a6ee938bd0ef1b462fcb03d0ae78af798.jpg

2024-08-28 06:40:58

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Can you elaborate:)?

2024-08-28 05:06:48

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Great man! Thanks. Learning as I go.
I‘d love to learn more about the wallet context. I am currently using the wallet by @npub12vk…pugg. It‘s custodial I guess? I‘d love to connect my own, non-custodial one. Any good guide on how to best do this?

2024-08-28 04:58:35

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The same, I am new here but I can feel the vibes🤝😎

2024-08-28 04:55:26

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@npub1840…59sx thanks for the zap.
What are best practices in terma of zapping? Any thoughts from your side?

2024-08-28 04:53:18

Since I am new to #nostr, I’d love to learn:
-How to properly set up my nostr account? What are the tricks and tips?
-How can I choose me relays for the most stable connection? Is it the more relays the better?
-How do zaps work? How much sats is recommended to keep in one‘s Nostr wallet?
-I have set up a @npub12vk…pugg wallet, the one that‘s in-built. I guess that‘s custodial? How can I connect my own non-custodial lightning wallet? Does anyone wallet work? Probably not as I will need a “static” lightning address or LNURL, right?
-Any other learnings you guys can share?
Thanks🤝

2024-08-28 04:46:55

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And above all, I hodl

2024-08-28 04:37:19

Am I the first #banker to have joined #nostr?
If so, don‘t worry. I come in peace. And for tumhe record: I do understand Bitcoin, I do hold my own keys, I do run my own node!
And there will be more of us
#Bitcoin #BitcoinBanking

2024-08-28 04:02:41

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Am I set up? And what is the lightning setup you recommend?

2024-08-28 04:01:09

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Would love to know the same

2024-08-27 17:16:50

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Yes, better to go for low-fat quark. Most underrated protein food in the world

2024-08-27 16:59:45

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I feel the same way. Just coming back from #bh2024 and nostr seems like place you definitely want to be!

2024-08-27 16:23:58

I had an amazing time in Riga at #BH2024!
Huge thanks to @npub1797…ar68 and the team for giving me the opportunity to present on how we’re pitching Bitcoin to boomers at Maerki Baumann.
There's still a long way to go, but Bitcoin’s favorablr risk/return ratio will do the trick, and more money managers will start adding #BTC to their clients' portfolios. A 10% performance boost with just a 2% allocation to BTC will be hard to ignore!
A special shoutout to @npub1s5y…6q7z for the insightful conversations about how traditional banks that embrace Bitcoin will ultimately lead the pack. Again, there’s still plenty of work to do—like educating them on how Bitcoiners actually think (low-time preference, full custodial transparency, etc.) and showing that peer-to-peer lending is the future, instead of adding unnecessary risks by tranching collateral. https://image.nostr.build/0d2a2448cfc403623cbccb4dfa0912756989666801af99ef9ac2b41d7f7df635.jpg

2024-08-27 14:09:47

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Who to follow to get as much signal as possible?