Gm. USD has crashed 99% against Bitcoin.
There are more people looking for an exit because of the banking crisis. The answer is certainly not another bank. If you look deeper, Bitcoin is waiting right there for 14 yrs which the first time you head about it you might have shrugged it off.
Only the money store in and secure by bitcoin is the real money. Everything else is an IOU.
Liquidity up. Printers go brrr…
The Bitcoin Node Sculpture Number 7 by #[0]
If they disclose it, more bank runs.
US is gradually becoming China. Don’t listen to the talk but look at the action.
China has 4 National big banks controlling majority of the banking system. Soon, after this banking crisis, US will have 4-5 big banks, own by gov’t owns or not doesn’t really matter. The essence is in centralization of banking system.
Great bitcoin video but a soso name. Should just it call Bitcoin University.
US gov’t wants to shut down crypto banks because they are about to launch FedNow.
China gov’t has the same playbook. They banned all bitcoin and crypto activities so they can launch CBDC.
Testing Damus photo upload function.
Yes I am now stack Sats with #[0]
Accurate. 
We are currently observing the ongoing centralization of the banking system as it unfolds in real time. This process is characterized by the consolidation of financial institutions, the increasing influence of central banks, and the adoption of new regulatory measures.
I ask GPT-4 why buidling on Bitcoin instead of other cryptos. Here is the response:
Building on top of Bitcoin instead of other cryptocurrencies has its advantages, although it depends on the specific use case and requirements of your project. Here are some reasons to consider building on Bitcoin:
Network security and decentralization:
Bitcoin has the largest and most secure blockchain network, supported by a vast amount of computing power. This makes it extremely resistant to attacks and provides a strong foundation for building decentralized applications.
Strongest brand recognition:
Bitcoin is the first and most well-known cryptocurrency. It has gained widespread recognition and trust among the public, investors, and institutions. Building on Bitcoin can leverage this established reputation and potentially attract more users and investors.
Proven track record:
Bitcoin has been operating since 2009 and has demonstrated its resilience, even amidst various challenges such as regulatory scrutiny, hard forks, and market fluctuations. By building on Bitcoin, you are relying on a platform with a proven track record of stability and success.
Store of value and digital gold narrative:
Bitcoin is often referred to as "digital gold" because of its scarce supply, decentralization, and resistance to censorship. It has increasingly been adopted as a store of value, which can be beneficial for projects that want to capitalize on this narrative.
Active development community:
Bitcoin has a large and active development community, which continually works on improving its protocol, security, and scalability. By building on Bitcoin, you can benefit from the ongoing research, innovation, and resources provided by this community.
Layer 2 solutions and sidechains:
While Bitcoin's base layer has limited functionality compared to some other blockchains, layer 2 solutions like the Lightning Network and sidechains such as Liquid or RSK provide additional functionality and scalability, enabling more complex applications without compromising the security and decentralization of the base layer.
I ask GPT-4 how to explain Bitcoin to a normie. Here is the response:
Explaining Bitcoin to someone who's not familiar with it can be challenging. However, breaking it down into simpler concepts and highlighting its benefits may help them understand and possibly consider investing. Here's an approach you can use:
Start with the basics:
Explain that Bitcoin is a digital currency, also known as cryptocurrency, which operates independently of central banks and governments. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It is decentralized, meaning that no single authority controls it, and it is powered by a secure network of computers called the blockchain.
Compare it to traditional money:
Highlight that, like traditional money, Bitcoin can be used to buy goods and services, and it can be exchanged for other currencies. However, it has some key advantages, such as lower transaction fees, faster and more secure transfers, and increased privacy.
Explain the technology behind it:
Introduce the concept of blockchain, a digital ledger that records all Bitcoin transactions. Emphasize that this technology is transparent, secure, and resistant to fraud, as each transaction is verified by a network of computers before being added to the ledger.
Discuss its scarcity and value:
Explain that there is a limited supply of Bitcoin, capped at 21 million coins. This scarcity, combined with its growing demand, has driven up its value over time. Historically, Bitcoin has shown strong returns compared to traditional investments, although it's essential to mention that past performance is not indicative of future results.
Talk about risks and rewards:
Inform them that, like any investment, investing in Bitcoin comes with risks, such as price volatility, regulatory uncertainty, and potential cybersecurity threats. However, it also offers potential rewards, including portfolio diversification, potential high returns, and exposure to an innovative technology.
Guide them on getting started:
If they're interested in investing, recommend starting with a small amount they can afford to lose. Explain how to purchase Bitcoin through a reputable cryptocurrency exchange, and the importance of using a secure digital wallet for storage.
Remember to emphasize that they should do their own research and consider their risk tolerance before making any investment. It's also a good idea to suggest consulting with a financial advisor for personalized advice.
Every time I go to bank. I hear people complain about the speed. If it’s not about fiat and regulation, bitcoin will be widely adopted by now.