Normie: Aren't you worried about a banking collapsing ???
me: No. I don't keep my money there.
#Bitcoin
US banks have over $620 billion in unrealized losses, FDIC says.
If you need their permission to get your money out, it’s not really your money.
Federal Reserve considering creating a fund to backstop deposits if more banks fail. 😂
Silicon Valley Bank was unvaccinated and collapsed due to climate change.
USDC is 35% of the collateral backing “decentralized” stablecoin $DAI. Now DAI is depegged.
So DeFi isn’t really decentralized, is it?
Bitcoin in self custody only or GFY
Silicon Valley Bank on Friday paid out annual bonuses to eligible U.S. employees, BEFORE the bank collapsed and was seized, per Axios.
Fiat 😂: SVB had a Moody’s credit rating of A just 3 days ago.
2023 looking great for fiat…
😂 
You don't own your bank account.
You account is a liability of the bank.
There is actually nothing there.
