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They're not "requiring banks to adopt crypto" per se, at least the formulation is misleading. The regulator is reminding banks that they have to accept legal customers, and can't cite "crypto" as a reason not to accept them. I.e., it's doing the opposite the US is doing, which just made non-engagement with the space a prerequisite for whoever will take over Silicon Valley Bank.
While the Beijing regulators do steer Hong Kong, it's still under One Country, Two Systems. Hong Kong is used as a laboratory to experiment while keeping the larger Chinese banking system (more or less) isolated. So this is the national regulator directing the local banks to prevent them from letting local risk-management or regulatory fears drive them to pre-emptively reject crypto companies.
I don't think this has anything to do with the digital yuan, or the BRICS interchange currency that's only in its pre-planning stage in any case. I'd assume, rather, that they're trying to profit from an increasingly negative US regulatory environment, trying to draw business to Hong Kong that otherwise would have moved from the US to Singapore or Malta. This seems the more likely direct incentive here.
Talking about the role of greed in economics is about as illuminating as talking about the role of gravity in plane crashes.
I see nostr and SN not as competitors.
Are two different things and should not be put in the same bag.
Who put them in the same bag, still do not understand what is nostr and what is SN. I do not expect more from @NVK he usually do not do his own DYOR for his podcast episodes and talk shit. I was expecting a more professional podcast from a "bitcoin review" but is not at all a bitcoin review...
nostr is far beyond a "new twatter" (that is now). People still don't get it and use it mostly for fucking zapathlons.
Negative interest charged daily. Free for 99% of users, and the 1% that leave their sats, ignore reminder emails, are paying to keep the lights on.
Jamie
AcceptLN Team
Oil does not come from dead dinosaurs. The fossil fuels, the name given as such, originates from commitment of oil producers to make it appear as scarce.
"Most oil reserves were formed between 65 and 252 million years ago. While this does overlap with the ‘dinosaur times’, oil is a marine sediment made of the remains of algae and plankton.
Skeletons of prehistoric reptiles such as plesiosaurs and ichthyosaurs (neither of which count as dinosaurs) have been found in the same geological layers as oil and they may have contaminated the oil deposit. But to say that oil is made from dinosaurs is like saying that bread is made from insects, just because the odd one occasionally falls into a flour mill." - www.sciencefocus.com/planet-earth/dinosaurs-in-fossil-fuel
Important to note, many "depleted" oil wells replenish themselves over time.
What positive/negative impacts have you seen from removing social media from your life?
Hey it's Jor. My nostr buddy from Canada who loves golf. Unexpected.
Jor was supposed to do some golf posts for the territory but he never did.
Busy with other things I guess.
This is pretty cool but I am fairly sure it is illegal. Haha
Adam Back applying for a technical support position at Coinbase.
Recruiter: "What makes you a good candidate for our tech support team"
Adam: "Well I am in the friggin bitcoin white paper. What else do I need to say"
Recruiter: "Ok sir, no need to be hostile. Unfortunately, the bitcoin whitepaper is a banned document here at coinbase do you have any other accomplishments you would like us to take into account".
Adam: "Well I essentially created the framework for proof of work with my HashCash project"
Recruiter: Yikes, proof of work. We don't use that kind of language around here but this HashCash sounds promising? Sounds like the kind of project we might list. Is it an ERC-20 token?
Adam: No, it's not a shitcoin and even if it was I wouldn't build it on that stupid shit Vitalik's chain. That skinny Russian was barely out of diapers when I was working on it.
Recruiter: Sir, we are a tolerant company here at coinbase but one thing we cannot accept is taking Lord Vitalik's name in vain. We owe everything to him. After all, I couldn't be a pudgy penguin on twitter and hold 438 different coins in my metamask wallet if it wasn't for what he has built.
Adam: That's fucking stupid. Do I get the job or not.
Recruiter: Sir unfortunately we couldn't locate the person you listed as a reference. Someone named "satoshi". Which wouldn't have been a deal breaker but then our "safety" department noticed you have laser eyes in your twitter profile instead of an nft and we don't allow any sort of toxicity in this organization. Our employees are a community that supports each other on our mission to rug, I mean serve 1 billion customers. We can't have a bitcoin maximalist on the staff making them feel unsafe. We wish you all the best on your hashcoin, please consider listing with us when it is done. Have a nice day.
Adam: What a fucking waste of time. Go fuck yourself!