in 2008 bank liabilities relative to cash on hand hit 33x
today we’re at 6.5x
banking industry is still built on fractional reserve lending of your deposits
I know you know this already: use #Bitcoin instead
there is no substitute for cold storage.
in terms of friends and family, easier to reach those who are open to entertaining other worldviews, and have expressed interest in BTC
from my experience, let them come to you when they’re ready. money is a touchy subject, though we need to demistify it, as it ought to be considered a neutral commodity, a tool 🤙
