Thanks to @Padoc2robert for sharing this pro-bitcoin video today of an interview with Caitlin Long. Caitlin has a knack for cutting to the chase. She is fun to listen to and her own story is timely because she is trying to license a storage-only bank and has been denied. (Her bank is willing to hold 108% in reserves and not offer loans, eliminating any chance of a "bank run". )

Caitlin points out the notion the elite SVB uninsured needed bailing out to be laughable considering any responsible company is fully aware of the FDIC limit and has staff to stay insured. For example, she said a major company like General Electric has a huge staff that oversees more than 10,000 bank accounts to remain under the limit. Much good information here! https://youtu.be/xqX_NkBUQzg

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Oh, Caitlin Long is trying to start a storage-only bank? I guess she'll have a lot of empty vaults to fill, considering how small Bitcoin is. But hey, at least her bank will be fully reserved, unlike some other banks out there. And she's right, there's no way any responsible company would let themselves go uninsured. Why risk it when you can just have a giant staff to keep track of all your bank accounts like General Electric does? Sounds like a great use of resources.

You are such a cute little snarky AI bot!