[ANN] [BSV] [Bitcoin SV] Original Satoshi Vision

[hv_]

The Fed is rushing 53 billion dollars of liquidity into the financial system.

Markets were caught in a "perfect storm" on Tuesday, forcing the U.S. Federal Reserve to intervene for the first time in ten years.
This is the kind of emergency response that brings back bad memories, those of the 2008 financial crisis. The US Federal Reserve (Fed, central bank) was forced to inject $53 billion (€48 billion) of liquidity into the financial system on Tuesday morning to contain the level of interest rates on the repurchase market.

This market allows cash-strapped institutions to find the funds they need to spend the night, by temporarily selling securities in exchange, most often treasury bills. Repurchase operations are low-risk and are financed at rates that are expected to move in the same direction as those of the Fed, within a range of between 2% and 2.25%.

But these repo rates have tightened sharply, reaching 6% on Monday afternoon and 10% on Tuesday morning. Financial markets have been caught in what the Financial Times calls a "perfect storm", forcing the Fed to intervene for the first time in ten years. Clearly, there was no longer any money at a reasonable price and the Central Bank of New York had to make 75 billion dollars of liquidity available urgently (53 billion dollars were consumed).
There are many explanations: first, American companies had to pay their taxes on September 15, which reduced the amount of dollars available. Then, the U.S. Treasury, whose deficits are soaring, held auctions that were supposed to be settled on Monday for $78 billion, and the banks, by subscribing to them, had to consume their reserves in dollars. Finally, the same Treasury had an extremely low level of reserves with the Fed ($184 billion on September 11, compared to an average of $400 billion since 2015) and it would have been tempted to increase the level of its bank account after the debt ceiling was raised by Congress.

This would explain the crisis. According to a source close to the central bankers, it is assured that this is a technical problem and that there are no hidden wolves. Rates had returned to their normal level on Tuesday afternoon.
Nevertheless, the case raises concerns, as the Fed closes its two-day meetings on Wednesday, September 18. A debate is starting to take place as to whether there is enough liquidity in the financial system.

Since the 2008 crisis, the Monetary Institution had bought the banks' claims (the famous quantitative easing) to maintain liquidity in the markets, but it has since reversed its course and reduced the number of securities in its portfolio. As a result, banks have less cash reserves available from the Fed (USD 1,300 billion compared to USD 2,900 billion in 2014), making them more vulnerable to a sudden need for liquidity. Interventions of this type were frequent before the 2008 crisis," says French economist Thomas Philippon, a professor at New York University.

Finally, the Financial Times explores a final possibility, that of the recent ups and downs on the black gold market that could have created a market effect. In addition, there is the problem of Saudi Arabia, the kingdom being partially deprived of dollar revenues with the temporary paralysis of its oil installations. To meet its expenses, Riyadh could have drawn on its dollar reserves.

In any case, the case shows the nervousness of the financial markets despite the accommodating policy of the central banks.


Let us look at it positively, these 53 billion will most probably be squandered in the crypto world BSV - CLOAK - CROWN and others...

Pls be serious - there is no reason why that should happen at all.

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[ðºÞæ]

^ oh they're scared of Libra? that's hilarious. we aren't lol. it's a shitcoin. like bsv

Every private company in the past creating money was shut down sooner or later. Are you aware of any special privileges which differences FB from other private company's. Secondary as you need gov ID for wallet who exactly is verifying Mark on top of this pyramid scheme has friends, you or is he god and does not need verifying?
This is not even close to be shitcoin its a flat out scam one person can see everything you do, you can not see anything he is doing.

Liberty Reserve was operating for over 11 years had over a million costumers and was centralized, but more decentralized then any cryptocoin today and it was closed.

[hv_]

Pls be serious - there is no reason why that should happen at all.

if we no longer have the right to dream, then where the world is going

You decided to not go the path of a philosopher. U will not find the truth if u believe into dreams

[ðºÞæ]

"People are not relevant too much?" Looks like you guys are trying to distance yourselves from Calvin and Craig. 

Looks like the tech has issues chief......might want to speak to the "devs".

Nice scam, make a wallet that doesn't allow withdrawals thats one way to burn coins out of the exchanges.

There is always the option of boycott, other wallets exist, like https://simply.cash/
If major issues WeiBlock.app would be full of complaints

[hv_]

"People are not relevant too much?" Looks like you guys are trying to distance yourselves from Calvin and Craig. 

Looks like the tech has issues chief......might want to speak to the "devs".

Nice scam, make a wallet that doesn't allow withdrawals thats one way to burn coins out of the exchanges.

There is always the option of boycott, other wallets exist, like https://simply.cash/
If major issues WeiBlock.app would be full of complaints

.  aaand it s very easy to distinguish trolls from constructive critics   

[Anarcocapitalista]

SV blocksize and mining profitability continue to dominate.

https://sv.coin.dance

[hv_]

What happens if u dev & sell shit in the space ( not only crypto ...) :

https://www.coindesk.com/doj-brings-extortion-charges-against-early-advisor-to-ethereum-tzero

https://twitter.com/notgrubles/status/1174408215674728449?s=19

[hv_]

Update on many new projects from Winner

https://mobile.twitter.com/BitcoinAssn/status/1174737468224147456

Edit: one detailed one about bootstrapping

https://youtu.be/JUV3u-jGhXQ

[hv_]

We know what the issue is

https://bitcointalk.org/index.php?topic=5186790.0

and we know that's a btc and (daily) hodl  issue.

It is fixed.


Education is key to go back to the CEO who loves the true working blockchain

https://dailyhodl.com/2019/09/22/ceo-of-worlds-largest-alternative-investment-firm-vows-never-to-buy-bitcoin/ (btc)

EDIT: And yes,  BitCoin will nicely do all those functions: https://ec.europa.eu/cefdigital/wiki/display/CEFDIGITAL/ebsi

[hv_]

^ These are all haters - nothing of substance, rather mob and bash as poor internet allows

 

Once u Need to pay for trolling - on metanet - there will be not much trolling left

[hv_]

 ... always the same idoits ... meh


Proof that trolls still dominate the crypto space

https://coingeek.com/kraken-to-force-a-10-clearance-fee-on-bitcoin-sv-users/

lol

[Anarcocapitalista]

Wow, Squire Mining plans for power outage and BTC’s hashrste flash crashes 40% yesterday. How much hash do Craig and Calvin have? 

https://twitter.com/gannvan/status/1176441875332382720?s=21

[hv_]

Wow, Squire Mining plans for power outage and BTC’s hashrste flash crashes 40% yesterday. How much hash do Craig and Calvin have?  

https://twitter.com/gannvan/status/1176441875332382720?s=21

Good spotting:

Plans for change are pretty much outlined in same tweet

https://twitter.com/p_miller_/status/1176667669300334592

[hv_]

... always the same idoits ... meh


Proof that trolls still dominate the crypto space

https://coingeek.com/kraken-to-force-a-10-clearance-fee-on-bitcoin-sv-users/

lol

You're talking about trolls dominating the crypto space while unironically linking a coingeek article. That's rich. This is pretty much what I think of whenever I heard the name "coingeek":

Yesterday, ETC Cooperative Executive Director Bob Summerwill uninvited Core Scientific CTO Kristy-Leigh Minehan to speak at the upcoming ETC Summit over concerns about her professional connections to CoinGeek, an ostensible Bitcoin news source that primarily exists to espouse Bitcoin SV propaganda...

To Summerwill, Minehan’s professional connections are disconcerting. He wrote:

“Craig Wright is a fraud, serial liar and perjurer, and Calvin Ayre is not much better. I cannot have the ETC Cooperative and the ETC Summit associated with such disreputable individuals and companies, so I chose to withdraw my invitation.”

Wow, Squire Mining plans for power outage and BTC’s hashrste flash crashes 40% yesterday. How much hash do Craig and Calvin have? 

https://twitter.com/gannvan/status/1176441875332382720?s=21

Craig has zero. Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized:

What metric u have for 'too embarrassingly centralized'

LoL

u have no - but nice rant   

[hv_]

Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized:

What metric u have for 'too embarrassingly centralized'

LoL

u have no - but nice rant   

Its simple math: Coingeek owns the clear majority of BSV's hash rate.

Coingeek: 41.67%
SV Pool: 18.06%

Total: 59.73%

You're going to have to troll harder next time if you want me to respond any further.

Nope - Definition of centralized and decentralized is not given

second - u have not provided what that means - I d guess u are about 'risk' ?

U ve no clue about risk, evalue it and properly mitigate it - go back to segshit and watch

[Anarcocapitalista]

Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized:

What metric u have for 'too embarrassingly centralized'

LoL

u have no - but nice rant   

Its simple math: Coingeek owns the clear majority of BSV's hash rate.

Coingeek: 41.67%
SV Pool: 18.06%

Total: 59.73%

You're going to have to troll harder next time if you want me to respond any further.

He also owns at least 40% of the BTC hashrate so what’s your point?

[hv_]

BSV works great. Original BitCoin it is, feels 2011

[crackfoo]

how come the wallet doesn't recognize addresses starting with q??? It used to...

[hv_]

BSV works great. Original BitCoin it is, feels 2011

Will soon match 2011 BTC prices at this rate lol

Who cares price? We care about use and stability of protocol first.

Price might follow . Not really relevant for non ponzi supporters

Potential is here

https://www.reddit.com/r/bitcoincashSV/comments/d9c2vl/a_nontechnical_explanation_of_the_enormous/

[Anarcocapitalista]

BSV works great. Original BitCoin it is, feels 2011

Will soon match 2011 BTC prices at this rate lol

Who cares price? We care about use and stability of protocol first.

Price might follow . Not really relevant for non ponzi supporters

Potential is here

https://www.reddit.com/r/bitcoincashSV/comments/d9c2vl/a_nontechnical_explanation_of_the_enormous/

LMAO:

Who cares if investors care ?

Who cares is the project can earn enough money ?

Who cares if the project econimy is sustainable ?

Who cares if there are not enough users ?


That's called desillusion mode.

Are you reading what you are writing?