Replying to Avatar Mike Brock

For what it’s worth, I don’t think this is the beginning of widespread financial system contagion. Although, I don’t think this is the last shoe to drop, either.
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nobody 2y ago 💬 2

Irony: Bitcoin was created in response to the 2008 crises, first of its kind. Its kind now might be the cause of the next crises. No judgement just irony?

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Mike Brock 2y ago 💬 2

I don’t actually think this is a repeat of 2008, tbh.

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Houston 2y ago

Definitely not a repeat of 2008.

Too many Bitcoiners have PTSD and are fighting the last war. 🤷🏼‍♂️

Post GFC - the US financial system is in far better shape than it was in 2007-2008.

The issue has been and always will be the shadow banking system.

The canary in the coal mine is at the margin, and not at some well-placed bank.

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nobody 2y ago

Same. But it will have consequences for crypto and also bitcoin. More regulation, and tax pressure. Lets see how this plays out over this year.

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Blue Skier 2y ago

The irony is you can’t invent money that no one can print without also democratizing the printing of money.