I disagree. It does not seem like Silvergate and Signature are in any worse of a liquidity or solvency situation than SVB and other bank of this size.

I am no sh-tcoin defender. I just don’t want people to think that as long as they don’t sh-tcoin, that ‘the system’ won’t be out to get them. As history has shown, those in power would do anything to preserve their power. Many regimes, including this one, have killed thousands, some even millions, to do so. Destroying a few banks they don’t like is nothing to them.

Be assured there will be many more attacks to come. And if we keep LARPing, we will end up living in a CBDC world. #BUIDL