Two memes in one note? Sir, how do you do it?

Yup. I’m fasting too

Saylor is talking about government central banks, not private banks. From the greater context of Finney's work and his other views I believe he was talking about a free banking system.

These two views look alike on the surface, but are diametrically opposed at their core.

Absolutely bro. Life is a gift 🫂

Go? Go crazy? Pfft. Long past that, fren.

I hold my keys. WTF do I need a bank for?

Yes, gone are the days of needing to be able to prove your identity to participate in the financial system.

I've heard of parents working with their kids so they can earn sats.

"beat me in this checkers game, you get 10k sats" or something like that.

Always repent 🙏

I hope not.

I don't want banks to be involved with BTC at all. Who needs them?

Transferring sats is much easier now and I suspect it will become even easier in the future, so banks will not be needed at all.

Andreas said it back in 2015/16 too. Self sovereign network participants become banks.

Children born today will not understand the concept of what 3-5 business days means.

This is the road we're traveling

holy shit! I have never seen this Hal Finney quote. It’s exactly what I’ve thought #Bitcoin will be come.

The collateral and settlement for the updated financial system nostr:note10yhasusenyhcttfq3sf0p39d96x60h35nqtzmdsrh3cvtlxsla6s8ly8gg

Yes but Xitter or pod or what. He’s not saying it on Nostr unfortunately

Where is gigachad saying dis

If the ability to create a bank run doesn't exist, then Bitcoin will suffer the same fate as gold. Individuals at least need a lightning channel to a bank node to have permissionless access to control majority of their wealth. This will protect against large scale fractional reserve banking.

I’ve written plenty of notes on this. I believe the US Empire is going to start dollarising vassal states as a means of spreading inflation and effectively growing the tax base - if you want to be under the US Security umbrella, that will be the price. Because BRICS is going to split off and form its own orbit and BTC will be the wedge between them for nations/people which don’t want to be all in either polarity - that’s just going to eat away at both slowly over time.

There is also a chance the US tries to peg the dollar to Bitcoin in its attempts to stop the full collapse of empire. Currently remote but that’s a scenario that more Bitcoiners ought consider - forced hyperbitcoinisation in a way that none of us want it.

If you’re arguing BTC won’t be the only MoE on planet earth in our lifetimes or the next - sure. That is an incredibly narrow definition of MoE and isn’t what Saylor is arguing.

It’s going to be a widely used MoE within 20 years, just not everywhere. More like how 7/8 of the world never had access to cable tv but now have access to internet streaming - it’s going to skip a bunch of legacy system bullshit in a way that Westerners struggle to appreciate.

Read the thread; I know why he’s saying it.

>“BTC isn’t a viable MOE in our lifetime & most likely the next. Grow the fuck up.”

This is the equivalent of telling someone in 1993 that there’s no way the internet will disrupt cable tv because the bandwidth won’t be available in our lifetimes or most likely the next.

Shortsighted.