That bank locked up too much funds at low interest rate, so when the rate went up, they could only sell them with taking a loss. If the bank could have waited two years, everything would have been fine... but everyone wanted their money... so... they ran out of money in the short term.
The Fed could have fixed this with a swap. Why didn't they?
I guess you are saying that this is a good time to swap HBD for HIVE?
I was waiting for the big crypto crash to do this swap, or swap to bitcoin or litecoin.
I am just not keeping up with watching the market ☹️
Just waiting for the big waves.
And, how does one learn all the intricacies of powering down? I think Steem is still 2 weeks. I think HIVE is 12 weeks. Can you stop the power down, or do you just power it right back up?
In the future, i see people having their own "WALL" servers.
Like a completely inside out model of f-c-book. Where a browser would poll all of your friend's servers and make a page for you to see.
Just have to make "Wall" servers $99 at Wallymart and you just plug it in.
Because they wanted to collapse SVB. It is fairly obvious that supply lines are being sabotaged across all industries today, and money is just another supply line. Destroying supply lines creates people without access to necessary supplies, enabling saviours to swoop in and offer life-saving supplies for compliance with tyranny.
The USG did this in Afghanistan by cutting food supply lines and then offering AFghans rice for submitting to biometric scanning. The program was enormously successful, particularly at gaining compliance of parents of young children incapable of producing food.
Thanks!
Sounds like The USG and what they would do.
Not sure if that is the entirety of things.
Really not sure why SVB would put so much at one time, and lock it in... just before the Fed started raising rates. All the pieces seem highly dubious.
Powerdown is 13 weeks.
1/13th per week.
Can cancel at any time.
1/13th of my stack is 13k Hive so at these levels I can unlock huge amounts in a single week.