You really could get by with one signing device in a multisig setup. Just put your keys on cold steel in secure locations.
It’s a reminder that all financial systems are built on trust. The beauty of #bitcoin is that it takes out the greed of a central authority making the code king. I’d much rather trust a Bitcoin standard.
Whenever the bank loans money or the Fed Govt, they are creating money from thin air, thus inflating the money supply (money printer).
The Fed has promised to offer an unlimited amount of liquidity (cash) to banks in the form of loans. They’re offering loans to cover the banks loans from the US Govt effectively making the US banks leveraged lenders.
“It’s not a bailout.”
However, it’s unlimited loans to banks with almost no strings attached, but it’s not bailouts. Interesting definition.
Reposted from #[0] on Bird app
My conspiracy theory brain goes here due to the three banks that have gone under so far. I think it’s only going to catalyze the move away from fiat and also show the ineptitude of 💩coins.
#[0]
That’s if you can get fiat off of Gemini in a pinch. I wouldn’t trust any CEX ever but for sure not right now in this economic climate.
Looks like people are finding a way out of their 💩coin USDC by trading it at a premium for #bitcoin.
Posted by #[1]from Bird App:
They are definitely scared of what’s possibly coming.
WoS is custodial so you’re not really recovering your wallet but logging back on to WoS. I only use WoS for messing around on Nostr.
The price action of Bitcoin will most likely fall sometime soon for the short term, but I believe it will recover quickly. The current climate will most likely spook those who were on the fence to gain some exposure to Bitcoin, and the market will adapt.
I agree with you though in the short term time horizon.
The LN address is the same with WoS. You can generate new Lightning invoices for any transaction you want.
The spin machine is strong
Revolution has already started. Viva #bitcoin!
