In honor of everyone who can't withdraw money from their bank today...
I will be moving coins from my node to cold storage, then back to the node.
Just to flex on normies who still trust banks
Discussion
🔥⚡️🔥
🫡🤙🏽
I really shouldn't be laughing...😮
Why am I laughing?😂🤣
Shame on me!😜
Now if only it would dummy up most of the normies that are left...
Completely agree with the sentiment in this stupidly bad banking climate created by government involvement. But the traditional banks make banks like Coinbase look like a Godsend. A shitty market is better, in my eyes, than a corrupt industry of gangsters enabled and abetted by the Fed and the regulatory boards, which you can ALWAYS count on to fuck you over. We're in the beginning stages of a more decentralized financial system. There will be growing pains along the way. Those of us who self-custody are the safest and we should educate others about it, but also, as that happens and alternative currencies to the dollar rise up (not USD-pegged ones, but Bitcoin and others), banks will become more trustworthy than they are now. The market will demand transparency and decentralization. Right now, fiat banks have neither, and they are "too big to fail." Almost anything is a step up from that.
I dunno man coinbase told all their users to go USDC from tether now they don't honor withdrawals, seem like absolute dog shit to me
Totally valid opinion, which applies to all banks by definition. Banks need to pause, slow, or ration withdrawals when there is a run on them. If you don't like that, then don't deposit at any banks. It's that simple. Unregulated banks are better than government-controlled banks, but they are still banks. They put your money at risk by definition.
Bitcoin and others: what others are you referring to?
I'm not an expert on the future. I haven't lived there yet. I anticipate a few cryptocurrencies to become the most used, with Bitcoin probably being the greatest by market cap. They will be currencies widely regarded as useful or decentralized/neutral to governments. People don't always pick the best option, but they will pick decent options, in this case as alternatives to CBDCs that governments are trying to roll out and force on people.
Granted , you're not am expert, but it's still unclear which coins you "anticipate".
To anticipate suggests you have a strong case for their future usage.
Which coins therefore , do you mean?
so cruel of you 🤣