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Roundup #26 https://bitcoinbriefly.substack.com/p/-bitcoin-in-2019-vs-2020 … covers:
@AaronvanW: Bitcoin 2020 Upgrades@bitcoinoptech: 2019 in Review@GSR_io + Interhash: Derivatives for Miners@teo_leibowitz: Bitcoin's Security Ratio Halving@cryptonomista: Importance of Proof of Reserveshttps://twitter.com/itsminawhile/status/1197982424765992960 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
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Gradually then suddenly... https://twitter.com/jack/status/1223841364711854080 …pic.twitter.com/nSWz1U8aiB
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Alex Min Retweeted
Announcing The Chaincode Podcast: a technical series on Bitcoin protocol development! Our first episode features hosts
@jfnewbery &@adamcjonas with@pwuille. We discuss Pieter's influential PRs including headers-first syncing, ultraprune, and libsecp. https://podcast.chaincode.com/Thanks. Twitter will use this to make your timeline better. UndoUndo -
Alex Min Retweeted
Check out the brand new
@ChaincodeLabs podcast with@pwuille. They discuss some of the innovative work Pieter has contributed to as a#Bitcoin
developer since 2011 such as headers-first syncing, ultraprune, libsecp256k1, and more!https://anchor.fm/chaincode/episodes/Episode-1-Pieter-Wuille-part-1-of-2-eafbg2 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
“This dual local currency system would allow the central bank to implement as negative an interest rate as necessary for countering a recession, without triggering any large-scale substitutions into cash.”
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“E-money would be issued only electronically and would pay the policy rate of interest, and cash would have an exchange rate—the conversion rate—against e-money.”
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“The proposal is for a central bank to divide the monetary base into two separate local currencies—cash and electronic money (e-money).”
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“When cash is available, however, cutting rates significantly into negative territory becomes impossible... instead of paying negative interest, one can simply hold cash at zero interest. Cash is a free option on zero interest, and acts as an interest rate floor.”
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“Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive. This would jolt lending, boost demand, and stimulate the economy.”
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“In a cashless world, there would be no lower bound on interest rates. A central bank could reduce the policy rate from, say, 2 percent to minus 4 percent to counter a severe recession. The interest rate cut would transmit to bank deposits, loans, and bonds.”
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Who remembers this IMF article that proposed a dual-local-currency-system (cash & e-cash) to make negative interest rates work? https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/ …https://twitter.com/coindesk/status/1220677815688929280 …
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Alex Min Retweeted
@bitcoinoptech -
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@spencernoon TBDThanks. Twitter will use this to make your timeline better. UndoUndo -
Alex Min Retweeted
The fact that BSV is a thing and gets speculative attention indicates how far we are from mature crypto markets.
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Alex Min Retweeted
Today someone moved $1,100,000,000+ of value with irrevocable settlement after 10 minutes to anywhere in the world for about $84. There are some thing that can only be done with
#Bitcoin
.https://blockstream.info/tx/5deca6b2b21eb6bdd7fb5f0be4199d81a65193ac9066ec3579343b21b3eb7037 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Alex Min Retweeted
A Billion dollar Bitcoin transaction was just broadcast.https://blockstream.info/tx/5deca6b2b21eb6bdd7fb5f0be4199d81a65193ac9066ec3579343b21b3eb7037 …
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Alex Min Retweeted
Running bitcoin
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@northernbtc + Whinstone: Gigawatt Mining Facility
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