Normies gonna normie. Traditional Financial normies are even worse sometimes at picking up major finance trends

The loans are for up to a year and up to the value of the collateral put up by the banks, which can be treasuries, mortgage backed securities, and other qualifying assets. The idea is that the banks don’t have to sell assets at a loss to fund customer withdrawals. The assumption is that within a year when the loan is due those assets will be sufficiently valued to cover the cost of the loan. What happens if they’re not?

Orange-pilling progress report ✅

Team meeting today. My employer tells the whole company that cash funds were transferred out of you-know-which-bank, just in time. Everyone will get paychecks. Lucky.

Pulled him aside, asked if he knew anything about Bitcoin, and what he thought about it. He was interested and skeptical. (Note, very smart guy, tech background). Volatility and regulation were his main concerns.

I mentioned how volatility is an inherent quality of a young asset class, but that over the long term there are unique factors that give it a different kind of stability: 21M cap, blocks and halvings, difficulty adjustment.

Then I mentioned the unconfiscatsbility of Bitcoin, and said “if you want to diversify into multiple banks, sure makes sense, but maybe think about Bitcoin as a safer place to hold cash).

I expected major raised eyebrows at best, but he took it seriously. I’m optimistic 🤙

Oh, and my colleague who was in the same room asked me later “so how do you buy Bitcoin?”

Sent her 10K sats on #[0]​ and recommended a couple of bitcoin-only buying platforms, and then said “let’s talk soon about self custody”.

Let’s go 🧡💜🧡

Yeah they closed my account back in 2019 because I bought some Bitcoin and sent it to a 'suspicious' address. Not at all how Bitcoin is supposed to work.

Anyone got a link to an epub version of The Mandibles by Lionel Shriver? It's out of stock in Library Genesis 😆.

I would happily directly send the author some sats if I could get the book with bitcoin without any KYC.

Moonpay is my main fiat onramp now days because they send the purchased Bitcoin directly to the wallet of my choosing, one that I hold the private keys to. Low network fees, but close to a $2k spread.

As far as those three you mentioned, definitely NOT CashApp!! They will fucking ban you if you send your Bitcoin to an address that they deem suspicious for any reason.

A course or properly prepared presentation on these topics at various level of understandings will help.

I have trouble determining if someone I’m talking to understands the technical topics I bring up that relate to why Bitcoin solves the current financial issues at hand. I believe these technical topics are crucial in understanding Bitcoin.

Imo first principles thinking will lead you to the truth.

Would anyone be willing to point me to a resource on how to enable zaps please 🙏🏼

Who on earth says receiving small zaps is annoying? How is it more annoying than a 'like'? I honestly don't understand

Who on earth says receiving small zaps is annoying? How is it more annoying than a 'like'? I honestly don't understand

I think 1 sat is too small but 20 is ok. 100 maybe optimal default?

10 🦐 zaps = 210 sats

10 🦀 zaps = 1K sats

That's weird, 1K is lowest for me, except custom. I can send 1 too, but having 1K as default is a bit high imo.

A good friend just asked me if he should take his money out of the bank. He has a small amount of bitcoin, but never took the time to educate himself.

I haven’t answered yet.

Size of bank failures since 2000

#BankingBad 👆

How many bank runs do we need before normies realize that #bitcoin  is risk-off?

Ladies and gentlemen, we’re getting there.

Wen bonuses for SVB execs?

With V4V do you find yourself more concerned about giving value to others, or receiving value from others? As a general rule in life, I have found it is better to focus your energy on providing others with more value than you expect in return from them. Obviously having healthy boundaries is important because there are some people who will take advantage of your generosity. But in general, I believe living each day with the mindset of a giver has made for a better life for me, and hopefully for those with whom I interact, no matter the arena or circumstance. 💜🤙