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orangedog
0d9542f8f0027c99e9743e1623622cc87e928648dadd977e8e99372c29b8e471
bitcoin - individual sovereignty

*this* is EXACTLY when I was abruptly finished with Twitter

first, elon went full rent-seeker with pay-to-play subscription model for premium service

then it’s ‘upload your government ID here’

OKAY SPOOKS, IM GONE

it’s miraculous Nostr is just getting spun up at the same time

anonymity is critical to expressing thoughts openly without fear of cancellation/retribution from almighty woke corporations who wield tremendous power over society

Yep I’m a fair bit older than the demo here haha

but I feel privileged and humbled to be among pioneers

lnbc40u1pjq6kfqpp59qnurwa0utws2uh38dc2w626s9jxhe8wta54xhehh9eacn9z3juqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5x7dpymsur4egz30p5t5yj8x6lq2sydg2y9y96lgncqtmmdzrm7ns9qyyssqh63gzn477axfvlrf8gvh2dxfvtkws0nlytsu3pzeergszx0gwu7jm6565gf6290fam7k4jg3xlv2u9d8zev7mes6fu790xrjmsj4qngqmjvj57

free to follow

free to unfollow

free to block

free to note

free to like

free to zap (for a small fee)

#nostr

fantastic!

any IRL interaction from me has returned laughs or similar

the latest FTX debacle adds tremendous doubt everywhere

this bank collapse even more fuel

It’s another kick in the groin every few weeks it seems

give your funds to a bank and the bank now owns those funds, not you

simply a *promise to repay*

that’s the con

ppl are still under the illusion that money on deposit in a bank belongs to them

In fact, it does not

It belongs to the bank

An account balance is simply a promise to remit $ when requested by depositors

bank runs have happened over centuries, when ppl lose confidence

government comes in with bailouts to restore confidence

they do this by expanding the money supply thus adding to public debt

‘WE ALL MUST PITCH IN TO AVOID GLOBAL COLLAPSE’

it will happen again, it happens every time

within weeks everyone goes back to life and forgets everything

and voila..confidence is restored

ppl make deposits..and banks lend at near zero fractional reserve requirements BY LAW

banking is a confidence game

a *con game*

this is my next

‘really want to read this’

So glad I keep sats on WoS so I can zap here and there and not get my funds frozen by Brian Armstrong when the house of cards falls 🤷‍♀️⚡️⚡️

#bitcoin #nostr

what a crazy stat for a bank nobody ever heard of until today