de
anonB
de1733643ea6055dfe18b159ed7c828b90b8e7276f572d3c7669d45d05ec46ff
Bitcoiner

Where did all the money go?

Just look at oil company profits (ie Aramco).

Redistributed to underproductive parts of global economy.

Global trade recession + Monetary deflation cycle =

Great Inflation

Great Recession

Next up: Great Consolidation?

Flight from small and mid sized banks to larger “safer” institutions?

SVP & Silvergate collapse -> USDC insolvent -> Run on USDC -> Fund Withdrawal from other partner banks -> Run on other banks -> more bank collapses

At Risk:

-Bank of New York Mellon

-Citizens Trust Bank

-Customers Bank

-New York Community Bank (a division of Flagstar Bank, N.A.),

-Signature Bank

-Silicon Valley Bank (Insolvent)

-Silvergate Bank (Insolvent)

Watching SIVB is like watching UST all over again.

Public decentralized ledger: Bitcoin

Private decentralized ledger: Dollar

Why hasn’t Bitcoin been adopted as collateral more broadly?