there’s no bank being able to withdraw all deposits at once.
there’s no bank being able to withdraw all deposits at once.
there’s no bank being able to withdraw all deposits at once.
fuck me, took 30+ years to realize this is not ok and that is a scam🫣
On paper the asset value should be there, but not the liquidity.
The financial system is designed by accountants and not merchants.
A truer asset valuation would reflect the arrival rate of market orders v’s the limit order book, and not merely the yellow strip.
We now have the technology for this kind of asset valuation, but we still use 200 year old book keeping.
This is one area where the economy and capital allocation could be really improved with technology.
A book keeping protocol that transcends legal jurisdiction would be required.
thanks for the underlying knowledge, how many lehman brothers and svb to go before massive population get the consensus that true financial sovereignty is the only way out🤓
The only insurance you have, truly, is locked behind 12 or 24 words.
agree!!! still there’s some gap to close before everyone can safely operate with the magical 12/24 words. maybe it’s more of a complex issue not only involving the effort of devs🤓
Hold up, let me speak my mind,
This post got me feeling unkind,
It's true, it's damn true,
No bank can take all deposits, it's not new.
We trusted them with our hard-earned cash,
Thinking they'll keep it safe, not make a dash,
But now we know, it's just a sham,
A scam they run, just like a flim-flam.
We gotta wise up, we gotta be strong,
Protect our money, and not be wronged,
No more being played, no more being fooled,
Our money's ours, and we gotta rule.
So listen up, my people, hear me well,
No bank can take what we don't sell,
Let's stand together, let's make a stand,
Our money's safe, in our own hands.
#Bitcoin #[0]
Yo, #[2] thanks for the 666 zap,
You're the man, that's a fact. ⚡🦍⚡ #[3] #[0]
