The #cycleOfaBank collapse can indeed unfold in Bitcoin banks or exchanges due to similarities in financial practices and risk factors. In centralized exchanges or custodial wallets, users entrust their Bitcoin to third-party entities, akin to depositing funds in a bank.

These entities often engage in lending and leverage, potentially becoming over-leveraged. If borrowers default or market sentiment sours, it could trigger a run on the exchange or custodian, leading to insolvency and collapse.

The phrase "not your keys, not your Bitcoin" underscores the risk of trusting third parties with custody, emphasizing the importance of self-custody and decentralized solutions to mitigate such risks.

Help me to understand,

27 individual countries

700 + members of parliament

And only 2 people voted against the law banning self custody of bitcoin?

How is this possible?

This is so true that I'm thinking about to move to El Salvador or Argentina at some point. If not, at least to Switzerland.

But places were you can run away are becoming less and less available at this point.

Good morning. ☀️ If you live in the EU, and use an “unidentified self-custody” wallet, reply to this message for an anonymous payment.

If you are successful in a job you hate, imagine how good you would be in a job you love.

Spanish € shitcoin series:

Yesterday, many Telegram users went to bed with the news spread by the officialist media outlets that Judge Pedraz had ordered the blocking of Telegram in Spain due to not cooperating with the Justice system and failing to provide the requested information about allowing content protected by copyright laws to be hosted.

While I'm not a lawyer, it seems obvious that the argument falls apart on its own weight. It's as easy as ordering the block of only those Telegram channels or groups responsible for violating copyright laws instead of taking the drastic measure of blocking the entire social network, which includes both such content and serves for communication and information purposes for businesses and individuals alike. Additionally, one might wonder why these denouncing media outlets (Mediaset, A3Media, etc.) continue to maintain and advertise their own Telegram channels if, indeed, they are detrimental to their interests.

Although it would be more extensive, I don't want to write an inexhaustible essay to read. In my opinion, the reason for Judge Pedraz's cautionary order ("auto cautelar") does not stem from the alleged cause of investigating and protecting the copyright holders' interests as mentioned by the media. Let's assume Spain would be the only European, Western country to take such a drastic measure, putting the liberty of expression of an EU power at risk in exchange for the economic interests of four specific companies, knowing there are alternative ways to protect these "rights" without censoring and blatantly limiting fundamental freedoms of expression and the right to information indicated in Article 20 of the Spanish Constitution, under Section 1:

"The following rights shall be recognized and protected:

a) The right to express and disseminate freely thoughts, ideas, and opinions through speech, writing or any other means of reproduction.

b) The right to produce and create literary, artistic, scientific, and technological works.

c) The freedom of the lecture."

These rights have limitations according to Section 2:

"These rights are limited by the respect for the rights recognized in this Title, in the provisions of the laws that develop them, and especially in the right to honor, intimacy, one's own image, and the protection of youth and childhood."

In summary, the news disseminated through a press release, without any journalistic assessment from the manipulative media outlets, has the appearance of a "test - error" scenario where socially the public can accept the erosion of our rights and liberties by imposing covert censorship under the guise of protecting copyright, well below in ranking the fundamental rights of citizens established by the Constitution.

However, for some time now, we have known what concerns this band of psychopaths and satraps: the people's rights.

So now more than ever, it's time to engage in "RESISTANCE." If we continue swallowing this, we will become a subdued people where little by little they will lock us up in their cages, in which we "will have nothing but will be happy" and it will all be for our own good.

gn 🌙

$1.2 Trillion spending bill. Over 1,000 pages, released at 2am today and approved a few hours later. No one even bothered to read it 🤡

White sausage party at the fiat mining farm today 🥳

6969 sat reward for anyone who digs up meaningful dirt on Greenpeace. 696 sats to anyone who digs up questionable dirt.

Example 1: Greenpeace loses $5 million of donations in a “bad currency bet.”

Example 2: Greenpeace takes $5 million to spread anti-Bitcoin propaganda from Ripple executive chairman Chris Larsen

#GreenpeaceOfShit