Even if Silicon Valley Bank is fully bailed out and no one suffers more, we can never have the past days taken from us. We saw countless people reveal themselves for the scared children they are... for the first time in a while, we saw fiat bleed.
Celebrating the downfall of Silly-con-artist Valley with bitcoiners and a pre-coiner who recognizes fiat is a scam. 🥳 Wbu?
Warms my heart to see this. Remember, we outnumber the cartels... by a lot.
Whatever bear offers, I'll give you 10% better odds. 😂
Let's get a post-launch explosion 🙏
Fuck em 🖕
If you buy/sell bitcoin on an app, you probably need to read this if you don't want to find yourself buying 10% above spot the next time things get frothy. Things are probably even more fragile now. Will you be ready?
https://bitcoinmagazine.com/markets/ftx-collapse-cause-huge-bitcoin-price-spike
How I feel about startup and venture capital firms that will not be able to make payroll and will be bankrupt within a few weeks.
Apparently I'm a left curver now 😂
It is their own incompetence to hold uninsured dollars in a single bank.
I have a tiny fraction of the net worth (on paper) of many VCs begging for handouts who made their names pretending to want free markets. These VCs are not free men. They are not self-owned. It's just so beautiful to watch. 
The absolutely funniest thing will be if all these startups implode, but there is zero contagion and the rest of the world barely notices they're gone. The blow to their egos would hurt more than the financial losses. 🤣🤣🤣
Silicon Valley is so deluded from their bubble of sycophantic ponzi game of faux status they will be SHOCKED when they find they have no friends who will come to their aid to bail them out.
Someone was offered $250k plus $0.60 on the dollar on a $100mm account in SVB from a 3rd party (from Chamath, also fuck that guy, he's a piece of shit). Pray for >21% losses when all is said and done. 🙏
Chamath is saying SVB venture debt (provided from customer deposits) was underwritten on the basis of VCs *saying* they would invest in future rounds, they are so fucked. 🤣🤣🤣
It's fiat economics 101 weekend
Silicon Valley trying to play it off like 🤣
Bitcoin CEO reminds public that bitcoin hodlers continue to have zero exposure to Silicon Valley Bank collapse or subsequent contagion.
Hopefully, at the very least $21 billion in capital is permanently erased from the bay area. 🙏
Savage, and correct.
