This guy makes his millions moving money around the world for rich people for massive fees.

Maybe I’ll put a lightning wallet on his phone so people can zap him. Then he’ll know his career days are numbered

What is the nicest, most sensitive way to tell your good friend who is a banker: “I told you so” ?

One of my least successful Bitcoin conversations was with a friend of mine who is an investment banker at Credit Suisse.

He was incredulous that I would even discuss it with him.

Maybe it’s time for me to take another run at him…

I miss the days of 1.1mb blocks

Great question. I don’t know. That’s worth some study to decide what parameters need exist for true democracy to be allowed to flourish. Can you think of one? Unstudied, I imagine Norway to be the closest

Do you wonder the same about Foundry, Ant, and F2? Are you concerned about centralization of hash power, or did you mean that Binance is particularly sketchy?

The financial industry was designed to protect the wealthy from the masses.

“The man who is possessed of wealth, who lolls on his sofa or rolls in his carriage, cannot judge the wants or feelings of the day-laborer. The government we mean to erect is intended to last for ages. The landed interest, at present, is prevalent; but in process of time, when we approximate to the states and kingdoms of Europe, — when the number of landholders shall be comparatively small, through the various means of trade and manufactures, will not the landed interest be overbalanced in future elections, and unless wisely provided against, what will become of your government? In England, at this day, if elections were open to all classes of people, the property of landed proprietors would be insecure. An agrarian law would soon take place. If these observations be just, our government ought to secure the permanent interests of the country against innovation. Landholders ought to have a share in the government, to support these invaluable interests, and to balance and check the other. They ought to be so constituted as to protect the minority of the opulent against the majority. The senate, therefore, ought to be this body; and to answer these purposes, they ought to have permanency and stability.”

Attributed to either James Madison or to John Adam’s, depending on the source. Likely 1787

The United States is not a democratic society. It is not intended to be. It’s a polyarchy. Power resides in the hands of the wealth of the nation.

https://magisterwernegren.com/2017/01/27/the-minority-of-the-opulent/

The reason we have to guarantee deposits, is because banks get to speculate with those deposits. First let’s take away banks’ ability to gamble with money that isn’t theirs. If they didn’t write their own laws to legalize their own negligent behavior, we would all be safe from them, and then massive bailouts wouldn’t be a question

Well…Bitcoin kept on block after block. Beyond that…nothing significant

Media Statement:

“If you take your money out of banks, it will cause a financial crisis.”

Translation:

“If you take your money out of banks, the crisis that is inherent within the system, will become apparent.”

I wish I could borrow people’s money, speculate with it, pocket the profits, and have my government bail out depositors whenever I lose it. Sounds like a win win for…me

Nicely done 🐿

I’m hesitant to respond. I don’t want to make enemies with the four women on Nostr

Oof. Well…there are 4 billion women out there. Only 21 million BTC’s

Did you try to convince her that for that price she could have a long cryptic number on a cold wallet?

It’s a good day for us to put your stickers on banks, yes?

Bank runs are a symptom, not a cause of a failing bank. Don’t blame the people.

Neoliberal economics:

the art of juggling a thousand variables while trying to extract wealth for the rich without anybody noticing.