…and some people wonder “why bitcoin”…here is one answer #people #bitcoinhere #answer

…and some individuals wonder “why bitcoin”…here is a single reply

See Source

Share this post

Comments (41)

  • Umpire_State_Bldg Reply

    *The banking system is so solid, that we have to prop it up.*


    March 15, 2023 at 11:28 pm
  • ConfidentEquipment56 Reply

    How are they guarantee no losses of funds for those who bank with SVB and also saying that the cost associated with this won’t be borne by tax payer? I guess who is bearing the cost?

    March 15, 2023 at 11:28 pm
  • Blertyblertyblerrrr Reply

    “Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”

    Who do you think the banks will pass this special assessment onto in one way or another?

    March 15, 2023 at 11:28 pm
  • collect_my_corpse Reply

    Ok wait so ppl with accts we’re screwed over by SVB, they will get all their money after the weekend. And I’m still waiting to get some low ass % of my voyager funds…


    March 15, 2023 at 11:28 pm
  • dadlif3 Reply

    Privatized the profits, socialized the losses.

    March 15, 2023 at 11:28 pm
  • Bitcoin_Maximalist Reply

    This should be added to a bitcoin block!

    March 15, 2023 at 11:28 pm
  • bdc2481 Reply

    “Not costing the tax payers” means the Fed printing more money and causing more inflation.

    March 15, 2023 at 11:28 pm
  • MrPsi10cybin Reply

    “It’s not a bailout”…. It’s a bailout

    March 15, 2023 at 11:28 pm
  • sameteam Reply

    This is actually not the argument for bitcoin you are hoping it is. Bank has more assets than deposits owed. Regulators are stepping in to contain risk.

    March 15, 2023 at 11:28 pm
  • Vip_wolf Reply

    Who is paying? If not the taxpayers..

    March 15, 2023 at 11:28 pm
  • No-Introduction-6368 Reply

    Oh yeah, bailing out taxpayers with taxpayers money. Where’s the accountability???

    March 15, 2023 at 11:28 pm
  • Hank___Scorpio Reply

    We’re not actually strengthening the system just your confidence in it!

    March 15, 2023 at 11:28 pm
  • Massjazz6 Reply

    The US bank system is so solid that it need to be rescued. What a bunch !!! Can somebody tell them that this is stupid!!!!

    March 15, 2023 at 11:28 pm
  • fisherprice1234_1776 Reply

    Now read it in Darth Sideous’ voice after him electrocuting himself

    March 15, 2023 at 11:28 pm
  • tobbelobb69 Reply

    As someone from a country where we read abbreviations more like words than letter by letter, I’m convinced they’re trolling you guys, just look at some of these names: FDIC (f-dic?) FATF (fat-f?)

    March 15, 2023 at 11:28 pm
  • Ok-Discount-9781 Reply

    It’s to late Nzbitcoin will be the only currency and it’s happening faster than what they let on it u wanna be saved go here. #bitcoin.org

    March 15, 2023 at 11:28 pm
  • Johndrc Reply

    Printing money will devalue

    the poor people that working hard to earn money

    March 15, 2023 at 11:28 pm
  • JosePinPanPun Reply


    March 15, 2023 at 11:28 pm
  • JupiterDelta Reply

    I knew she was lying last week. All of them fucking liars

    March 15, 2023 at 11:28 pm
  • Abundance144 Reply

    This is about as futile as making the geocentric model of the universe make sense.

    It’s literally the little boy sticking his finger in the dike.

    March 15, 2023 at 11:28 pm
  • kalamight202 Reply

    OK so if I’m understanding correctly, the FDIC’s DIF is going to bail out the bank to save the customers and all other FDIC insured institutions (banks, etc) will have to pay a fee **based on their risk profile** to cover the **losses to DIF. So if FDIC insured institutions are footing the bill for this financial travesty, and you are their customer – bingo! You guessed it, they are currently making new bags for you to hold!**

    March 15, 2023 at 11:28 pm
  • attoj559 Reply

    So the FDIC insures up to 250k, except for just this one time? Why do our institutions have rules if they bend them?

    March 15, 2023 at 11:28 pm
  • Inspection_Only Reply

    I truly cant believe this, i literally have no words. Just a perspective from Europe – i have just watched news and well ” the recent financial turmoil from US wont have any or very limited effect on the EU financial market “. You now how how many times I have heard this in my life. This IS THE THIRD TIME and i’m f…. 39. 2000, 2008 and now. This whole situation makes literally want to cry. I just can’t… this fills me with so much sadness we have another recession coming. Honestly is it possible to be tired at 38 i just can’t anymore. Unbelievable. It is literally the same script just copy and paste. F… Man i just want to live my life without having to deal with an existential crysis every couple of years.

    March 15, 2023 at 11:28 pm
  • SickRanchez_cybin710 Reply

    Fuck. svb went belly up… what the fuck are we going to do, alot of people just lost everything. Given we live in a capitalistic society, I think we should let it take its course… PRINT ALL LOST MONEY AND GIVE IT BACK TO THEM… wait but won’t that take from everyone else who owns USD and devalue their money? TF, can someone throw this bloke out a window, he’s making us look bad

    March 15, 2023 at 11:28 pm
  • saucedonkey Reply

    They are positioning to look more in control than they actually are. The money printer button always gets pushed, just a matter of time.

    March 15, 2023 at 11:28 pm
  • lazarus_free Reply

    It will be paid by everyone holding a bank account. Because it is paid by this fund funded with banks’ premiums, that they will simply end up passing on to clients.

    But for politicians it looks good to say ‘don’t worry as taxpayer’.

    March 15, 2023 at 11:28 pm
  • 1011010110102 Reply

    meanwhile this government has sent how many billions to Ukraine and many other countries? Blows my mind

    March 15, 2023 at 11:28 pm
  • xavier_mamba Reply

    *”The U.S. banking system remains resilient and on a solid foundation”*


    March 15, 2023 at 11:28 pm
  • 18476 Reply

    This is a moment in history. This is literally a perma blanket bail in deal to cover funny money problems and maintain that confidence in USD ‘no matter what.

    If this flag doesn’t hit ya in head, not much will.

    March 15, 2023 at 11:28 pm
  • dmigowski Reply

    So, everytime someone looses another one wins. I wonder how many shareholder of SVB won because they invested also on the other side of the transaction. Now the bailout comes and the win on both sides.

    March 15, 2023 at 11:28 pm
  • Hot-Canceld Reply

    They didnt tell you that the head of risk management was a diversity hire that didn’t do her job for 9 months while all the silicon valley companies were doing mass layoffs

    March 15, 2023 at 11:28 pm
  • t3nsi0n_ Reply

    “Remains resilient?????!!!!!” – the fuck kinda crack you smoking. The very existence of the whole letter is to the contrary of that statement. Fix your shit!

    March 15, 2023 at 11:28 pm
  • theWMWotMW Reply


    March 15, 2023 at 11:28 pm

    This coinbase message is as relevant as ever.


    March 15, 2023 at 11:28 pm
  • DetailDevil666 Reply

    How does the government make depositors whole without burdening the taxpayers?

    March 15, 2023 at 11:28 pm
  • nmolanog Reply

    They now, world is watching. Banks cannot do the same as ftx, so they will step in to see that money gets delivered. At what cost tho…

    March 15, 2023 at 11:28 pm
  • SpiritualBonuss Reply

    Be your own bank.

    March 15, 2023 at 11:28 pm
  • SkepticalDreams Reply

    “no losses will be born **directly** by the tax payer”.

    There, fixed it!

    March 15, 2023 at 11:28 pm
  • InternationalSilver1 Reply

    uh its litterly the taxpayer insuring FDIC insurance deposits so the whole “no losses will be borne by the taxpayer” is of course false

    March 15, 2023 at 11:28 pm
  • TheGreatest34567 Reply

    Bail outs and money printer go brrrr

    March 15, 2023 at 11:28 pm

Leave a Reply

%d bloggers like this: