Nostr

The National Bitcoin Office of El Salvador just announced that bitcoin banks are coming to El Salvador 🇸🇻

First, the bitcoin country made bitcoin legal tender.

Now they’re bringing in banks built entirely for a bitcoin economy.

Imagine living where:

- Your account balance is in sats, not dollars.

- You spend directly from your bitcoin wallet.

- Money moves instantly, no borders, no holidays.

The world is about to watch one small country pull a move that could transform the traditional banking forever.

What do you think, is this good for bitcoin or a trap?

🤣 this is a joke right?

You do know Bitcoin is designed to obsolete banks?

By the way, I already live somewhere where:

My account balance is in Sats

I spend directly from my Bitcoin wallet

Money moves instantly, 24/7/365.

So the bank’s value proposition is what exactly? Oh, that’s right, it’ll:

Take your Sats as an unsecured loan

Rehypothicate your savings into shit investments

Fractionally reserve your Bitcoin in order to lend addition fake currency into existence.

You are right, this is a terrific idea, what could go wrong?

Please Login to reply.

" ... designed to obsolete banks"

While I partly agree with you - I want the size of banks to decrease - I would like you to provide your own justification 😃

Bitcoin doesn't care what you (or I !) think

Satoshi also doesn't care

We're free to think for ourselves, which means that Bitcoin and Satoshi want us to form our *own* opinion, instead of just "appealing to authority"