My experience with cashapp and/or paypal is if you don’t select “Fold” as your main bank account or the Fold debit card as your main card they’ll automatically use ACH bank acct affiliated … go to wallet section and in their you’ll be able to fix…IMO novice bitcoiner mind
Everyone buys Bitcoin at the price they deserve.
Dylan LeClair gave a 15 minutes masterclass on why Bitcoin and anyone can watch it free here.
https://www.youtube.com/watch?v=uBMUGChTp4w
TLDW? See key points below.
Point #1
We're 50 years into this global fiat currency experiment and we're reaching a point where the debt burden is so bloated that the only way forward is monetary debasement:
- Financial repression across the board
- Inflation higher than interest rates
This experiment has created the "Global everything bubble"" that we're now seeing unwinding.
Crypto is speculation and it is collapsing with the unwinding of the everything bubble.
Bitcoin on the other hand, just keeps going. Producing a new block every 10 minutes. The Bitcoin story remains unchanged.
Point #2
Neither the macro nor the crypto people understand Bitcoin.
Bitcoin is the biggest asymmetric bet over the next decade.
Bitcoin combined the digital world, where everything can be copied, with the physical world to create the first digital network that can transfer value without a trusted 3rd party.
No need for Visa, Mastercard or central banks.
70% of Bitcoin has not moved over a year. These are not speculators but people who understand Bitcoin.
As more people understand its value, the BTC/USD ratio will continue to go up and to the right.
Point #3
The fiat system requires perpetual debt expansion or the house of cards will collapse and the only thing backing debt is more debt.
Gold didn't fail. It got co opted by the state.
We're not going back to a gold-backed currency because gold can be captured by the state.
Point #4
The ethos of Bitcoin is "Don't trust. Verify."
I don't hold any Bitcoin in an exchange. I buy it, I download it to my wallet and I audit it myself.
I'm not going to save in a gold ETF that JPMorgan holds in a vault that I can't audit myself.
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Great post
Senator Warren wants the Fed to launch a Central Bank Digital Currency.
But even the President of the Federal Reserve Bank of Minneapolis knows what CBDCs are for:
- Surveillance
- Impose negative interest rates
- Directly tax your money
We need to say no to CBDC and Senator Warren.
https://www.youtube.com/live/RotcD7OREP4?feature=share&t=836
The one item I don’t hear anyone asking is if congress,
Judiciary & executive branches will be exempt from the CBDC
I’ve sent close to thst amount on lightning…never had issues with slow trans
Always love listening to the “PodFather” Adam Curry…he’s always forward thinking, especially about parallel economies https://podcasts.apple.com/us/podcast/tftc-a-bitcoin-podcast/id1292381204?i=1000607535321
