One of the most gratifying things to me is being known as a “finance guy.”

Someone I haven’t talked to in over a year texted me this morning asking about online bank accounts.

This is a person I’ve had dinner with twice maybe and had some limited interaction with at church over the course of a year or so while he did a rotation clerking for a judge in my area.

So not only did I explain some of the features of SoFi, but also some of the risks inherent in traditional banking, BTFP, and sprinkled in owning 1% of a #bitcoin as a starting point.

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Discussion

Love this! What is SoFi?

SoFi is a fintech company with banking, lending, and investment services. They only give exposure to #bitcoin price. You can't withdraw it, only exchange for fiat.

Gotcha, not something I would personally recommend in that case. Not your keys, not your coins!

True. I mentioned not to get sucked into their weird etf’s, their “crypto” etc. stick w bitcoin at other exchanges where you can withdraw to self custody

🫡

Pomp is also super connected to SoFi, for what it's [not] worth

Yeah there’s a taint there

Shitcoins everywhere.