Nostr View

The Daniel ⚡️ and 84 sats @daniel - 2y

#[0]

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The Daniel ⚡️ and 84 sats @daniel - 2y

#[3]

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c1831 - 2y

I LOVE This!💜💜💜👇👇👇 #[0]

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Gigi @Gigi - 2y

I love that, thanks to zaps, so many people are exposed to the V4V concept now. Absolutely love it 🧡⚡💜 https://dergigi.com/value/

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2fa0e - 2y

But some people don’t like calling it V4V 😂

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f76bd - 2y

Is Adam curry on nostr?

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f76bd - 2y

A yes he is. #[2]​ v4v og! Valuefather!

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walker @walker - 2y

We’re all just exposing ourselves all over the place 💜

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e1727 - 2y

Sounds like a motor.

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f76bd - 2y

I can’t wait to report all my fiat zaps “cap gains” on my income taxes next year. Print em out and file by paper. Someone called it “malicious compliance”…love it. Sorry off topic a bit.

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e1727 - 2y

{event.target.value}4{event.target.value}

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d07d2 - 2y

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92de6 - 2y

Did someone say “exposed?”

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walker @walker - 2y

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7e83d - 2y

Do you #[4] and #[5] have a catchy alternate in mind?

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e1727 - 2y

{event.target.value}4{event.target.value} catchy af

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597b4 - 2y

NOSTRGRAM UPDATE - ZAP EVERYONE TAGGED IN A NOTE (plus the note author) You can now Zap not only the note author but also everyone tagged in the note. Watch this brief video for how it works, and refresh the page to get the NostrGram update. A special 🙏 to #[0] for his generous donation of 200,000 sats 💜 I also want to 🙏 the anon that ⚡ 43,000 sats 💜 It's your ⚡ that make NostrGram possible. https://media.nostrgram.co/v/47/media_4723309cbb046.mp4

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Karnage @Karnage - 2y

So cool. I love what you are doing by building in public - a shining example for other devs imo. 👏 👏

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597b4 - 2y

🙏

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4ca4f - 2y

Haha #[2] you're just the best. You changed the whole experience on Nostrgram in 24 hours! ⚡⚡⚡ For you!! 💜🔥

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597b4 - 2y

🙏

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808f4 - 2y

💜⚡

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7cb27 - 2y

Get ready for Zap-A-Thon 5: Hell Thread Resurection

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Kieran @Kieran - 2y

Auto Zaps is live, have fun! https://void.cat/d/7ztMFLQawZ4zWJPGAdbFzp.mp4

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9936a - 2y

Great work as always!!

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ralf @ralf - 2y

thank you, it really works 💜

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75f45 - 2y

😳💯⚡️⚡️

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Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 @nico - 2y

WTF 😯😯😯 y efectivamente recibí sats de el #[0]

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Kieran @Kieran - 2y

video is borked for me, oh well

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633d6 - 2y

That's crazy! And awesome!

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dedf9 - 2y

🤔

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6e75f - 2y

just a glitch in the #nostrix. saw the screenshot earlier. GG!

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808f4 - 2y

💜⚡💜

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SamSamskies @SamSamskies - 2y

i hope people got budgets set on #[2] 😂

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d5c4e - 2y

Do explain!

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daniele @dtonon - 2y

I hope the option is under the Danger zone! 😮⚡

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7fdd0 - 2y

Naiz

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daniele @dtonon - 2y

#[2] you should add a silent mode for zaps < X to the LightningTipsBot asap! 😅🙏 #[0]

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48e7f - 2y

🤔

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Fermin RP @Fermin RP - 2y

Whats the budget?

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084b8 - 2y

Just like apache helmet targeting system 🤩 Some convert this to zap meme gif please. https://youtu.be/uhaauNXIHdM

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Fermin RP @Fermin RP - 2y

Are you zapping the global feed or just you follows?

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Kieran @Kieran - 2y

I check notifications and it just zaps everything so i guess you can tell what ive been reading

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e4c29 - 2y

How does it work?

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9c6a0 - 2y

Nostrgram just got better #[0]

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dad77 - 2y

Waiting for zap ⚡⚡

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c3a1e - 2y

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The Fishcake🐶🐾 & 763 others @The Fishcake🐶🐾 - 2y

Love it! 🐶🐾🫡🫂💗

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597b4 - 2y

NOSTRGRAM UPDATE - BULK ZAP PEOPLE WHO ENGAGE WITH YOUR POSTS NostrGram now lets you reward people who engage with ANY post (yours or someone elses) by sending them a ⚡! You can ⚡ everyone who: * Likes the note * Replies to the note * Whose reply contains a certain text Watch this brief video for how it works, and refresh the page to get the update. And remember, your generous ⚡ is what makes NostrGram possible. 🙏💜 https://media.nostrgram.co/v/8f/media_8f8ea03ffb046.mp4

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a8171 - 2y

Wow, things are moving so fast with this protocol.

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Homer Hodl @hhooddll - 2y

Do you call this feature Bank Run? Sounds like a good way to clean out a wallet.

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db506 - 2y

🤙💜

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597b4 - 2y

lol indeed!

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7c579 - 2y

First off... How dare you. Secondly, much yes.

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76add - 2y

probably nothing #[0]

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Vic @Vic - 2y

Loving all these new features!

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ak @ak - 2y

Amazing !

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ba8d6 - 2y

more easier for zapping

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𝕼𝖚𝖎𝖊𝖙 𝖂𝖆𝖗𝖗𝖎𝖔𝖗 @QW - 2y

We have recovered rare footage of #[0]​ ‘s mind coding today. https://nostr.build/av/nostr.build_32a1caa1a1b909a690f5fe83444fffe28f8185ec9a3f4755f15eaf4340594db3.mov #[1]

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597b4 - 2y

I'm singlehandedly running Zapathon 5. Should average about 1,800 to 2,000 zaps perhaps hour just from my one browser.

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koby @koby - 2y

🫡

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d7536 - 2y

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Homer Hodl @hhooddll - 2y

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SamSamskies @SamSamskies - 2y

oh boy. my notifications about to blow up. 😂

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6389b - 2y

Legend.

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e5308 - 2y

So it probably looks something like this? 🤣🤣🤣

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597b4 - 2y

🤣🤣🤣💯💯💯

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2fa0e - 2y

I come from podcasting 2.0 world where #[6]​ created v4v with John C Dvorak. #[2]​ and Adam at some point pretty recently created a polished doc explaining it quite recently. I have 0 issues with calling zaps “zaps” - I think it’s cool. But value for value describes very well what is going on. Long story short .. I was making a poor attempt at a joke. I’m all for calling zaps and such v4v because it describes perfectly what’s going on .. someone is providing value in the form of content ( a note ) and someone else is providing value back in the form of zaps. Just my two sats and people can do and say whatever they want of course but I think most people who dismiss the v4v philosophy really don’t understand it for one thing.

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9c6a0 - 2y

I have been thunderstruck by #[1] ⚡⚡⚡

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7317f - 2y

How to stop bots?

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feb4e - 2y

#[2]

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653b9 - 2y

Alright alright!!!

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a78f6 - 2y

That’s bold sir, followed 🫡

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Lou @Lou - 2y

When?

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958fa - 2y

Let the zapping begin

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64568 - 2y

GM! Nostros now implements a variance of the Gossip model, the difference is that it avoids connections to popular relays to help with the decentralization of your data

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Cyph3rp9nk @Cyph3rp9nk - 2y

Wow, this is the way, you have to take advantage of the relay infrastructure to make the network as decentralized as possible, this avoids centralization. This way even if you publish on a small or private relay you will be visible.

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Andrew @Andrew - 2y

Yesssss, welcome to the NIP-65-ish/Gossip-ish club! Love it

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gzuuus @gzuuus - 2y

👏👏👏

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Andrew @Andrew - 2y

Love it! Another nostr client joins the “NIP-65/Gossip Model” club, allowing the network to be as decentralized as possible. #[0]

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e1727 - 2y

Yeah I think value 4 value describes a much larger phenomena than zaps. I have no real problem with v4v at all.

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StackSats ⚡️ @StackSats - 2y

Lists of companies having unsecured deposits at SVB https://www.zerohedge.com/markets/expect-mass-layoffs-real-world-impact-svbs-failure

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af238 - 2y

Steady lads…

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aaced - 2y

Deploying more capital!

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0fea0 - 2y

interesting times. obviously in 2008 we didn't have bitcoin... what happens when people lose faith in the security of their deposits in traditional banks over the next few weeks... appreciate most don't understand, but bitcoin is one of the only viable options to escape a run on banks

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StackSats ⚡️ @StackSats - 2y

💯🎯

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aaced - 2y

the only way to escape a run on a bank is to withdraw cash from the system.. not many will flee to bitcoin, if it too is burning.. hence why we haven't seen massive bids both when BUSD signalled they were in trouble and now as USDC reportedly say they have 30% of cash reserves tied up in this bank. This is all an attack on bitcoin to erode confidence. Outside of here, where is the confidence stemming from? What you see is all there is.

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2d994 - 2y

Ouch.

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74dce - 2y

pv 🤙 Faster feeds and sorting options 🤙 Iris feeds are now under the same menu item. You have better control and sorting options that can be saved as default. https://nostr.build/i/nostr.build_90f84d800775737d2d183292207dee4be4eda6846900f72dfbb278290a202561.png https://nostr.build/i/nostr.build_d0e4e5d66c3b06db2320246895d31775f06624db38e799cc4e298a37a5dce976.png https://nostr.build/i/nostr.build_6c74f9e0709d2956fb18323a6eb554530855598f4d8628aef2b0803a56356567.png The backend got a ⚡️ speed increase as well 🤙 #[0]

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ava @ava - 2y

awesome. any updates planned for the android app?

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0fea0 - 2y

What happens when banks limit cash withdrawals? I mean I’m not sure how feasible it is to withdraw any sizeable amount of cash as things stand anyway.

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7ca66 - 2y

That’s the part where people get scared, for normies physical cash is money and people aren’t ready to let cash go.

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aaced - 2y

Then your fucked isn't it.. Everyone is... Everything grinds to a halt. But we aren't there yet are we... It's that bank and it's customers that have deposits that aren't insured up shits creak as they have to wait for the liquidators to sell assets, which will then be used to pay creditors back in order of seniority. Meaning some people will get back everything where these is a first charge, others might not. Though if they wait 3 years or more, most people will get back there money (so long as they don't sell down there loan books at a lost).

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aaced - 2y

Too right, you should be scared to let go of cash.. we're not there yet with bitcoin system, and we don't want cbdc's. I posted an article from Arthur Hayes.. brilliant idea.. give it a read.

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0fea0 - 2y

Governments are slow and inefficient. I detest the idea of CBDC’s as much as anyone, but I can’t see CBDC’s being introduced as a result of these near term bank failures because governments are inept at the best of times. I’m not saying we’re there with a bitcoin system either, I’m saying bitcoin could become one of the only viable exists from the banking system in the short term as a store of value

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74dce - 2y

It's updated automatically as all versions. Yet, we did a rollback to the previous version so you don't see the latest update now. Hopefully, it's back soon.

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aaced - 2y

I agree, only if enough capital flows into the space. Right, now capital is exiting from the space because there is so much uncertainty around whether or not at a future point time there will be more or less friction... Need the banking system for the fiat on ramps.

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daniele @dtonon - 2y

Well done, keep it up! 🤝🤙

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7ca66 - 2y

Yes I tend to agree with you. CBDCs come in economic meltdown, not a bank run. But restricting cash withdrawals in the short term will scare people, that’s just extra volatility in an already highly volatile environment.

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ava @ava - 2y

yeah it's been well over a month so just checking. might uninstall it if there's no plan for a native app. iris is my goto for desktoo. it's just that amethyst has just gotten to a point in development where it's so much better than a web wrapper app. would live to use iris all around, but i know it would be more maintenance for the dev. no pressure, just wondering...is a native android app on the radar? thx 😊

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89bf4 - 2y

Happy Dutch Farmer Protest Day! #freedom #truth http://farmerrebellion.com

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0fea0 - 2y

People aren’t going to give a fuck about “the space” when it’s a case of either preserving their wealth or losing it

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0fea0 - 2y

If they don’t have the reserves to meet withdrawals what choice do they have?

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7ca66 - 2y

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0fea0 - 2y

Yes agreed, I think that will happen too as it’s the only lever the government has to try and stabilise the situation, but there will be a situation to stabilise before they do that… so it’s going to be a clusterfuck of “good for bitcoin” 🤣

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74dce - 2y

No def plans . It's a resource issue. If the community supports enough that we get the resources to maintain it then why not.

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826e9 - 2y

I don’t wanna get too ahead of myself but we may be about to see a major public reckoning on what on earth banks even are and what they are supposed to do. SVB didn’t go down due to “the tech bubble” or really anything to do with “banking Silicon Valley” being a bad idea. if anything, it’s a great idea! Their deposits went up ~2.5x in 2 years because there was a shit load of cash that needed to be banked! (debate separately to what extent that was a ZIRP phenomenon. I’m not saying this was good in the grand scheme of things. just that, in context, it was good business). the problem is what to put the money in. most nocoiners seem to think that their deposits just sit there “as money,” and although I’m sure they don’t imagine notes in a vault, exactly, to a large extent that was true for SVB: they held treasuries - the “risk free” asset lmfao - which is as close to cash as you can get in a liquid security. the conundrum here is that there literally is no such thing as “liquid dollars” - there is only credit. all dollar assets are somebody else’s debt. for all intents and purposes, treasuries *are dollars*. the idea of “keeping it in cash” at the relevant magnitudes is literally nonsensical. what would it even mean? deposit it at *another bank*? that hardly solves the problem! the further you tug at this thread, the more you realise that dollars can only really be defined as vacuous promises by the US government to … one day give you slightly more dollars?!? that realisation is now getting aired in public. I think the first consequence as this starts to sink in will be a massive preference for shorter term debt that can just be rolled over and over and over because the lesson of SVB is the duration sensitivity is absolutely not worth it. you can literally evaporate hundreds of billions of dollars by getting that just a little wrong even though you didn’t have much of a choice (“RISK FREE ASSET” LOLOLOLOLOLOL) this is yet another example of fiat driving up time preference and corrupting the information signals necessary to coordinate long-term capital investment. but oh well, the currency is collapsing so we have bigger fish to fry than the yield of long-dated bonds 😂 but the juicy bit is that we may be on the cusp of this reasoning, and the insanity of fractional reserve and central banking, finally being aired in public as people try to make sense of all this. or maybe not, I dunno. maybe I’m naive. but I’m also bullish 🤙

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ava @ava - 2y

cool. thx

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1a299 - 2y

A wise man once said that only the strong survive.

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826e9 - 2y

Allen Iverson 😉

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a5d96 - 2y

Just bought another million sats

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ava @ava - 2y

cool cool cool. i'll stick to iris on desktop until then. keep up the great work! thx 🤙🏻💜

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b7c81 - 2y

My thoughts exactly. Dirty bank math is going to get aired in the general public.

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85080 - 2y

💯 It’s interesting. If inflation keeps going down (like it did for 40 years), you make way more “money” by sitting in the longest duration bond you can own. But when inflation starts getting higher than the average yield on bonds, you NEED to own the shortest duration debt that’s issued to protect against impairment. Lots of country club executives about to learn that lesson the hard way. But to your much bigger point, Allen…The whole system is a giant Ponzi. To navigate this lie (especially at this point), you need to have a really deep understanding of how the fiat lie works. Most business owners are focused on their operations, not outpacing the fierce debasement and unwind of an 80 year globally constructed fiat credit farce.

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bc385 - 2y

🔥THE DEPEGGENING🔥

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c02be - 2y

Powell has been pumping rates for over a year. Why didn’t SVB convert their long term debt to shorter term earlier and waited till now? Doesn’t make any sense.

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1be57 - 2y

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85080 - 2y

I think they probably expected a recession by now, in which they would offload their longer duration debt when rates reset lower (I think all these banks are in the exact same boat, just a couple steps behind SVB).

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8d0d5 - 2y

The perpetual bankruptcy of banks is starting to leak into the minds of nocoiners

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7ca66 - 2y

Be bullish, but don’t expect this to penetrate normies

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80502 - 2y

GM cautious optimism my old friend

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c02be - 2y

SVB dumped their bonds now and took a 1.8B loss, who took the other side? If rates continue to go higher, wouldn’t they be faced with the same problem? Why would a 1.8B hole trigger a bank run on a bank with 200B in assets?

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0e455 - 2y

SSB is evolving :)

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0b118 - 2y

Help is on the way, Allen 🙃 #[2]

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jb55 @jb55 - 2y

We’re saved!

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d12c4 - 2y

As long as central banks exist all kind of nonsensical things are possible as you have an undefaultable entity which can strong arm banks to behave certain way couple bad behaviour and maintan market delusion. Without central banks, when local bank directors/managers are being stupid they would go bankrupt and no one else would care.

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Logen @Logen - 2y

Greed

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0b118 - 2y

Lol. Web3 across Twitter, algo to affect your mood and now digital bank - I mean why just build a ponzi when you can build a whole damn ponzi empire!

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597b4 - 2y

REMINDER (PSA?): You can use NostrGram in single column mode if you don't like the "wall of notes" look. Just click the Twitter icon beneath the Note Editor at the top of the page. https://media.nostrgram.co/i/ec/media_ecb29a829c046.jpg I still see people who don't know this, thus the reminder.

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87816 - 2y

What do you think about random tips poping up the first time you enter nostrgram? Subtle to not become something that mess woth the UX That is my go to way to learn thing in programs I use on a regular basis, LibreOffices does that for example. The random nature make sure that at some point you've been informed of all the interesting tips 🤔

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597b4 - 2y

It's certainly something I need to do for the most used features. I also need a help section and a nice walkthrough video that highlights the big stuff.

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nostr.build @nostr.build - 2y

Saw a question about ‘news’ come up. Any thought on a ‘news article’ filter showing just news that followers have shared? Or maybe anyone on nostr has shared?

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597b4 - 2y

What would identify a note as a "news" note?

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c1503 - 2y

There is always the metals.

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4ca4f - 2y

I always use that but it doesn't save this as a preference. More often than not I have to set it up again when I start Nostrland everyday. Am I the only one?

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nostr.build @nostr.build - 2y

Might be tricky, but first thought is to search for any links from the major news channels, but you would have to maintain a new list.. You could add a ‘check box’ to the note if it is news, but that might get intrusive.. Not exactly sure how, but would be a nice feed

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97f33 - 2y

Your post is getting a lot of likes and reposts. Added to the https://member.cash/hot feed

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e79b0 - 2y

Would love those columns to be configurable. Maybe for hashtags, follows, tags, etc

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4ca4f - 2y

Nostrgram of course. King of typos is here! 🤭

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597b4 - 2y

Major news channels don't post news. They post propaganda. That said, it wouldn't be too difficult to let a user create their own custom list of domain names that constitute a feed of their own designation. It could be anything, including their favorite news sites.

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597b4 - 2y

You lose your preferences when you logout because it's saved in browser memory and that gets wiped. It's on my to-do list to persist all settings to the server but it's not done yet.

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597b4 - 2y

I've seen a few people ask about that. I'll tinker with it.

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4ca4f - 2y

Ok thanks for the explanation 👍

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4ca4f - 2y

If you missed it like I did, you have to check #[2]'s notes from last night. He went full berserk to implement an amazing bulk zap fonction to Nostrgram! ⚡⚡🔫🔫 I wasn't expecting something like that so soon, it's amazing! 🔥🔥 Not only will it help us have some fun during Zapathons but, more importantly, that's how we test then scale the lightning network altogether. ⚡⚡ Fully deserves some ⚡ love imho!! #[0] #[1]

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Gigi @Gigi - 2y

> the "risk free" asset Imfao 🤣🤣🤣 i love you allen #[0]

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aaced - 2y

SVB has been contained - it's a crypto and VC bank.. Fed wants job losses. Let the job loses commence.

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93518 - 2y

“dollars can only really be defined as vacuous promises by the US government to … one day give you slightly more dollars”

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f47d5 - 2y

Can't make this shit up.

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1bd32 - 2y

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Forklift Operator @TatumTurnUp - 2y

I saw that. But thought it HAD to be made up… I don’t even want to know the truth.

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1bd32 - 2y

Fate loves irony #[0]

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f47d5 - 2y

Nope its real, they display it proudly on their website. https://www.svbsecurities.com/team/joseph-gentile/

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1e9d8 - 2y

Life has the best comedies you can find.

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Forklift Operator @TatumTurnUp - 2y

JFC… including you were former Lehman exec on an investment bank site feels adjacent to like Best Buy posting that their new COO was CEO of Circuit City before joining the team.

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Cameri @Cameri - 2y

The jokes write themselves.

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Shawn⚡️ @shawn - 2y

🔥

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cc8dd - 2y

That guy has some bad karma as it seems 🤣

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rajwinder @rajwinder - 2y

Third time’s the charm…. Credit Suisse should hire him.

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Cameri @Cameri - 2y

With that impeccable track record I'm sure he’s what is hot right now

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a9f8b - 2y

Learn more about Costa Rica before #nostrica Today I present you our beloved "Oso perezoso", the (anti) fast and furious Sloth 🦥 https://i.imgur.com/1apU9yW.jpg Oso perezoso translates as "lazy bears", but these bears are not to be feared, they won't ever try to eat you. https://i.imgur.com/VnIsKwz.jpg Have you ever seen a sloth in real life? If not, I promise you they are as cute, unique, and fascinating as you imagine. There are two types of sloths. These are the two-toed and three-toed sloths. In Costa Rica, you can find both. https://i.imgur.com/mLkn3qy.jpg Shout out to #[0] who is in "oso perezoso" vacation mode in CR https://i.imgur.com/zu0FQiK.jpg Pura vida 🫂 to #[1]

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104a9 - 2y

Beyond parody. #[0]

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f47d5 - 2y

No, he is a criminal. This is the result of nobody being put behind bars back in 2008.

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10b71 - 2y

Are they actually related to bears? 🤔

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a8171 - 2y

https://media4.giphy.com/media/Tf8rJkNxqZgr2BxlxN/200w.gif?cid=6c09b952r82a4qzymc1i9vlc08b14uevw8ruark4lx4y0220&rid=200w.gif&ct=g

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54fc6 - 2y

So cute

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f47d5 - 2y

Pretty sure he is the next US Treasury Secretary with this resume.

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1bd32 - 2y

Did I say he wasn’t?

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7ecd3 - 2y

I looked at the charts so you don't have to, but over 20 stablecoins are now trading at 5% or more below their promised price, so much for being sTabLe cOinS No bailouts, let them bleed! 1 Satoshi = 1 Satoshi People will have to learn the hard way to be humble and stack sats!

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84580 - 2y

🦥

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0191f - 2y

Same for me.

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Cameri @Cameri - 2y

🦥

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104a9 - 2y

Even better, he’s a former JPM guy. Wonder where he’ll land?

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7a433 - 2y

So basically stable coins are just like any other bank deposit IOU? Can't trust bankers to hold 100% reserves so stable coins aren't stable at all.

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a9f8b - 2y

No. Phylogenetics order and family are different... Guess we needed a bear and we named it like that hehe 😜

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7ecd3 - 2y

Pretty much yes, the stablecoin issuer isn't sitting with 100 cash for every token they issue, they're holding some sort of asset mix, some long some short duration, to put that capital to work and earn a return While they clip fees on converting between their redemptions and short duration and cash they keep on the books. Of the cash they keep most of it is not insured since it exceeds deposit insurance, and the banks they hold it with are obviously not holding cash either they're also leveraged to try and make money. As for the other stablecoins on the list, they're either algo pegged to a shitcoin or pegged to the issued stable coin, so a basically a 4/5th layer promise

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670ea - 2y

Hired by WEF to get these jobs and make everyone own nothing and happy.

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97f33 - 2y

Your post is being widely read. Added to the https://member.cash/hot feed

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0d064 - 2y

Ha ha too funny! The jokes write themselves.

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b904e - 2y

some users have blue, white, and gold checkmarks for nip-05. what are the differences?

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97f33 - 2y

Your post is getting a lot of engagement. Added to the https://member.cash/hot feed

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Derek Ross @Derek Ross - 2y

Coinbase is not allowing USDC to be exchanged for dollars. 😂 Circle had $3.3 billion of its $40 billion of USDC reserves at collapsed Silicon Valley Bank. That effectively puts each USDC at $0.9175 instead of $1.00.

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637b9 - 2y

https://stacker.news/items/150932/r/TNStacker

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8b6ef - 2y

Where is the rest of the reserves and what paper do these corresponding banks hold?

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34134 - 2y

And amazingly that’s exactly how it’s trading rn If they open redemptions there will be a run, and that missing $3.3 billion will become a much greater share of the reserves, meaning the price will drop in tandem. I think I finally understand economics

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3b3a4 - 2y

Probably nothing™

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Derek Ross @Derek Ross - 2y

It's honestly amazing that we didn't learn these things in high school or college. Maybe we did and I was too immature or dumb then to understand it, but I really feel like these aspects of the subjects weren't covered. Thanks Bitcoin!

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9df11 - 2y

It's increasing every few hours .. about 10 hrs ago it was 0.88.. then 0.9 a bit later. Its just cope.. people are calculating usdc value like share holders... Usdc holders don't get anything if bankrupt. The board of directors get the assets..

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0fea0 - 2y

But as people redeem their USDC the proportion of the remaining supply that is stuck with SVB increases… So… That value decreases with each redemption?

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ebb1b - 2y

Oh dear!

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1334a - 2y

Ripple effect

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Derek Ross @Derek Ross - 2y

From Circle's website: Cash held at U.S. regulated financial institutions: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, a division of Flagstar Bank, N.A., Signature Bank, Silicon Valley Bank and Silvergate Bank. Oof. The last two are gone now.

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Derek Ross @Derek Ross - 2y

👀

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9ef9b - 2y

From what I read, it sounds worse than $0.91. The first people that are able to redeem will get $1, but after Circle no longer has enough money to cover redemptions, USDC holders get nothing. USDC becomes completely worthless. A bank run destroys all value in USDC. I don’t know why people would take a chance on it.

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Derek Ross @Derek Ross - 2y

Right. As a bank run or USDC run happens, it just gets worse and worse.

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b9003 - 2y

Although, there’s no evidence their reserves at SVB are *gone*. On paper, there appears to be enough assets at the bank to pay out all the depositors in the coming weeks. And the bond market is trading as if that’s true. I would bet, contrary to the doomer narrative, that nearly 100%, if not 100% of deposits are going to be recovered.

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1d198 - 2y

Being right both feels good and terrifying. What will happen to the lemmings… the trapped minds… the sheep in the valley of darkness. 🤨

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ba182 - 2y

Of course they won't allow withdrawals before the whole thing is sorted if it ever does

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e8dea - 2y

Agreed. Would be shocked if it’s less than 90% recovery for depositors.

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Noerms @noerms - 2y

Lesson learned … converted all my remaining usdc tonight into btc. Put it to cold storage and will never touch stable shit again 😮‍💨

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b9003 - 2y

Yeah, SVB failed because of an deposit duration/asset maturity mismatch, which couldn’t be corrected due to the cost of rolling those assets, which was a result of terrible risk management on their balance sheet. Their completely loss of liquidity was a function of that. Not a function of the bank being insolvent.

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jacob @jacob - 2y

Why would bond pricing indicate anything? Bonds and prefs are at the hold co level. The bank co is in BK. The hold co is not. The hold co has diff assets than the bank co. Previously it had claims to equity value from the bank co, in exchange for the capital it put in. That equity is now gone.

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b6dc3 - 2y

When will @Iris have "ws://" relay address compatibility?

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2edbc - 2y

THE NOSTR REPORT 🔥THE DEPEGGENING🔥 Mar 11, 2023 Block Height: 780,356 Moscow Time: 48:97 ⚡/ $ —-------------------------- 🎙️Quote of the Day🎙️ —-------------------------- 🔥THE DEPEGGENING🔥 #[0] #[1] —-------------------------- 🚨Headline Nostr News🚨 —-------------------------- #[2] Coinbase and Binance no longer allowing USDC to be exchanged for dollars. 🔒With $3.3 billion of its $40 billion of USDC reserves at collapsed Silicon Valley Bank, each USDC is worth $0.9175 instead of $1.00. #[3] notes that if redemptions were opened, there would be a run on USDC, “and that missing $3.3 billion will become a much greater share of the reserves, meaning the price will drop in tandem.” 🧨💰 #[4] https://www.zerohedge.com/crypto/usdc-stablecoin-breaks-peg-circle-admits-billions-stuck-svb #[5] notices a familiar face in the C-suite at SVB Securities. 🤡🤡 #[6] #[7] points out that over 20 stablecoins are now trading at 5% or more below their promised price. 📉 #[8] #[9] shares a lists of companies having unsecured deposits at SVB 🤯 https://www.zerohedge.com/markets/expect-mass-layoffs-real-world-impact-svbs-failure #[10] #[11] today is the Dutch 👨‍🌾Farmer Protest. #[12] #[13] Zaps are exposing more people to the concept of value for value. ⚡️⚡️ #[14] #[15] Are we facing a public reckoning about what banks are supposed to be? 🏦🏦🏦 #[16] —-------------------------- 🏝️Nostrica Update🏝️ —-------------------------- 8 days until #nostrica kicks off! 🏝️ ☀️💜🤙💻🦥🏄‍♂️ Follow #[18] to learn more about Costa Rica before Nostrica '23 🦥 #[19] —-------------------------- 💻nostr Tech💻 —-------------------------- BULK ZAPS now possible with Nostrgram update so now you can zap everyone tagged in a note on Nostrgram!!!! ⚡️⚡️⚡️⚡️⚡️ #[20] estimates he will be able to average 1800-2000 zaps per hour for next Zapathon. Wallet of Satoshi, are you ready? #[21] #[22] #[23] If you don’t like the "wall of notes" look on Nostrgram, just click the bird icon beneath the Note Editor at the top of the page. 🐦 #[24] #[25] Not to be outdone by Nostrgram, “auto-zaps” are now live on Snort.Social ⚡️🤖⚡️ #[26] #[27] feed now with better control and sorting options that can be saved as default. ✍ #[28] #[29] shares that Nostros now implements a variance of the Gossip model which allows it to “[avoid] connections to popular relays to help with the decentralization of your data”.🙊 #[30] —-------------------------- 🔥🔥Meme of the Day🔥🔥 —-------------------------- #[31] #[32] —-------------------------- Stay Classy Nostr.

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34134 - 2y

It’s true - Convinced me to release my next movie V4V on Nostr (later this year)

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deba2 - 2y

Top news! Great summary 💜

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f3b85 - 2y

Love these round ups 💜 #[0]

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a6e3f - 2y

#[0]

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2edbc - 2y

Follow the signal with #[0] for daily updates, news, tips and tricks, dank memes, and more! If you find the Nostr Report valuable, leave a comment, repost, and support us with a ⚡️. If not, tell us what you want to see! Our latest report👇 #[1] NostReport is: #[2] #[3] #[4] #[5] Archived reports can be found at www.NostReport.com Stay classy Nostr.

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lukeonchain @lukeonchain - 2y

#[7] covers it here in this video, watch and listen. And also there are features lime "zap 400 ppl tagged on post" like those mega threads #[4]

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a8171 - 2y

Love Nostr? Zap the devs ⚡️⚡️⚡️ jleger2023 #[0]

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a8171 - 2y

Monster zaps ⚡️⚡️⚡️ go to THE DEVS jleger2023 #[0]

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a8171 - 2y

Zap one dev a day to keep Twitter away jleger2023 #[0]

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a8171 - 2y

Zap this shit harder #[0]

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a8171 - 2y

Zap one dev a day to keep Twitter away jleger2023 #[0]

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a8171 - 2y

Plan (₿) accordingly and zap a dev jleger2023 #[0]

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a8171 - 2y

Let's put a smile on this man's face #[0]

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a8171 - 2y

Zap one dev a day to keep Twitter away jleger2023 #[0]

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