Eggs, bacon, toast and the blood of fractional reserve banking.
Watching potential bank runs feeling safe knowing i run a node and have a multisig setup.
If the world is on a bitcoin standard, the concept of banks runs would cease to exist.
What happened to SVB and SI could happen to any fractional reserve bank once a certain threshold is hit. The best thing about running a bitcoin node and self custody is that you know your money is good.
Bitcoin is the best stable coin.
Interesting. It's like we have seen this before. The glory of running a node and self custody is i know without a shadow of a doubt my corn is there and useable whenever i see fit. It's going to be interesting to see the contagion from this bank run.
I got 2008 type spider senses tingling.
The bank run of bank runs upon us?
I wonder if we are beginning to feel the effects of SVB and Silvergate collapsing.
USDC and coinbase collapse imminent? Is this the beginning of the end for shitcoins?
Oh no! Bitcoin died again, whatever will I do? Must be a zombie, because it keeps dying and I keep stacking. I'm the Bitcoin Necromancer.
Will the dollar be backed by bitcoin like it was backed by gold? Or will we just skip that phase and just jump straight into bitcoin as currency.
I second this
Who uses the liquid sidechain? The privacy features are pretty cool. Seems like a good way to obfuscate bitcoin movements. Besides it being relatively centralized with the federations, what are other cons?
Eating lunch in downtown SF and overhearing shitcoin VCs discussing rug pull strategies makes me sick. Do they even listen to themselves talk?
I've done it off and on for a few years. Feels good in bull markets but terrible in bear markets.
If bitcoin is going to be on a custodial exchange they should at the very least give you your xpub as proof of reserves and not reuse the same UTXO for receiving.