Felix

US banks have a 0% reserve requirement since 2020 if John deposits $100k, his bank can loan all of it to Sarah so now John has 100k in his bank and Sarah has 100k in hers 100k was just created out of nothing if John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it this is called a bank run

1/🧵 Recently, @BankofAmerica released a report predicting asset tokenization will exceed $16T in the next 5-15 years, And cited @Avax Subnets as one of the key platforms driving the future of transferring value globally.

"ThE nExT eRa Of AI aRt" they say. Things which have been done 1000 times before, but were completely ignored by people who choose not to study art history for 5 seconds ... (PS : I love AI art.)

What’s something that improved your life so much that you wish you would have done it earlier?

Many have asked, why have I been so silent the last 24 hours....why is the NB not responding? I took some time to reflect on what happened. I have personally responded to all DMs in my inbox.

MilkyWay over Portland Bill in #Dorset I have waited to post this photo of @BenjaminPacey14 standing in my shot! 🙂 @VirtualAstro #Milkyway 🌌📸