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Replying to Avatar Wealth Theory

Regional bank runs are happening as depositors pull funds to mega banks that are guaranteed by the Fed as too big to fail.

What happens when mega bank runs go to self custodied Bitcoin?

The money printer gets stuck on to keep remaining depositors whole. Fiat death spiral.

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ck 2y ago

Fiat banking death spiral was always the end game.

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Kar Sola 2y ago

It’s nice to know that math actually works. Nice to know we have bitcoin.

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