There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.
I do not need to convince you that #bitcoin provides value - these next few years will convince millions.
https://www.discreetlog.com/banking-crisis/
#[1] 🧡⚡️👌
Nah. The libertarian funhouse of crypto has shown how woefully unprepared for prime time it is.
It's wrong to socialize losses and privatize profits the way we do.
But a slow append-only database is the solution to no interesting problem.
Line Goes Up.
No replies yet.
