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Maybe going against the philosophy, but imo during bitcoin's monetisation, it makes sense to stack as many bank accounts as possible.

Things will get chaotic and some *will* get frozen/closed.

It's crazy to me when bitcoiners rely on a single bank account, even though they understand all the issues with fractionally reserved, panopticonised, permissoned, fiat credit tokens.

Nic 1y ago

I think it would only matter if the bank accounts are located in different countries. Having multiple in the same federated state wouldn't do much in such a scenario.

Personally, I'd prefer learning how to transact using bitcoin, paying utility bills, groceries and other everyday expense, and help the Bitcoin Network grow in any way I can.

The best defense is to completely lose dependency on the fiat system altogether.

Every one of us is in a different personal situation. For myself, I believe transitioning to a full Bitcoin Standard is the best course of action.

Freedom can be terrifying, because you never know what will come next. But that's a thrilling way to live, compared to the alternative of a steady march towards serfdom.

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Discussion

( -_-) 1y ago

You just gave an example where it would be useful, even if the banks are in the same jurisdiction.

Unless the point is to try and make the fiat side as painful as possible so you are motivated to get onto a bitcoin standard asap?

halalmoney 1y ago

Freedom can be terrifying, because you never know what will come next. But that's a thrilling way to live, compared to the alternative of a steady march towards serfdom.

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