Thread by @jimmysong

Everyone's a Bank Now and stories from this past week.

#Bitcoin Tech Talk #277

Running an airline is tough. The economics are not favorable and weather, security threats and public health emergencies make operating at a profit really hard.

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So how is it that they're still operating? They're certainly not innovating and prices haven't increased that much. So what's going on?

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Airlines today make most of their money on selling airline miles, which is really a way of selling future flights for revenue now. Since they can issue miles from nothing, they're really fiat banks.

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Sadly, a lot of big businesses in the economy are exactly like this. They use financing in some way to bring forward future consumption. They use credit as a way to boost stock prices.

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In other words, big companies are using fiat banking as a way to pad their bottom line. The entire economy is infected with fiat money and don't really operate honestly.

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Bitcoin
@pavolrusnak shows how to run a full node on Android
@dr_orlovsky proposes a PSBT extension for P2C
Lloyd Fournier explains the benefits of CTV on DLCs
@braiins_systems teaches proof-of-work using dice

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Lightning
@Breez_Tech Point-of-sale is growing in Germany
Ably is a lightning in a browser extension
LNURLVend is an off-line LN vending machine
@ImperviousAi announces a new browser

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Econ, Etc
@WendyRogersAZ proposes making #BTC legal tender in AZ
@geyserfund is a Bitcoin crowd-funding platform
@Trezor and @SparrowWallet are removing AOPP after blowback
@cryptohayes thinks there's no bottom to the action

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These stories and much more!

#Bitcoin Tech Talk #277

jimmysong.substack.com/p/everyones-a-…

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read-through here: