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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Laser 2y ago

Consolidation towards mega banks makes the internal crypto policies of defacto law.

What happens when megabanks become hostile to #Bitcoin off/on ramps?

The technocratic corporatist state is not to be underestimated, IMHO.

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Wealth Theory 2y ago

Agreed this will be their only defence

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Laser 2y ago

"They're private corporations they can do whatever they want."

It's the Twitter censorship playbook.