nostr:note15wvy0htws9chq0jnzv9gvz3y0tv6msq7k49tdtntkh5yr4nap8gq2asc0v
It 8s very confusing for me to think about the fact that many (most?) people still leave large amounts of their FRNs in the legacy banking system. Why? Has it not already proven itself illegitimate in innumerable ways since 2008??
Discussion
I had a thread about this a few weeks ago - nostr:note1ecdg2jsm3333uugw0wwwqtw7vzkpc6jn0ad24aa2e504vq7n4ezqewrfg0
It’s not as straightforward as you think. Imagine you sold your car or house and wanted to put the proceeds into Bitcoin rather than hold cash. Or you just got orangepilled and want to convert stock holdings.
Not everyone is already all out of fiat.
Yeah, fair enough but i think that if a person is coming into a large aount of cash (and they are aware the system is shit) , they should probably have a scattershot plan of hoovering up all sorts of hard assets(gold, silver, btc even land or a decent piece of art) from a a variety of locales...individuals on FB marketplace/craigslist, coin shops, proper dealers, etc. Everyrhing, all at once, a pain in the ass no doubt, and, doubly challenging within an Ozzie context given the new restrictions on pulling hard cash out of banks. Aus certainly has changed a lot since i was there 16 yrs ago