12Mar
This is NOT Lebanon. This is New York. This is California. Police tell depositors asking for their money to go away. If it’s not bitcoin in self custody, it’s not your money. #Lebanon #York #California #Police #depositors #money #bitcoin #custody #money
This is NOT Lebanon. This is New York. This is California. Law enforcement convey to depositors asking for their dollars to go absent. If it can be not bitcoin in self custody, it’s not your funds.
This is NOT Lebanon. This is New York. This is California. Police tell depositors asking for their money to go away. If it’s not bitcoin in self custody, it’s not your money. from Bitcoin
Comments (27)
Monday gonna be good 🍿
Money in a bank is not your money, it’s their money, you just have an IOU.
This concept is so difficult to impress on first world people, until times like these. I hope the lesson is getting thru
Also, a bonus, money as dollars is not money, its credit. True money cannot be debased, or inflated away… Bitcoin is money.
I hope this continues to be the catalyst for people to wake up.
It was dog on crypto for rug pulls by bad actors but then we are reminded with reality when an actual bank fails and people got what? Rug pulled. The leadership of that bank still have no consequences and will not.
Guess what people can’t do with my BTC in my wallet? Invest it and lose it on my behalf (or take the profits and give me none but all the risk).
dominoes falling one by one. better secure your wealth. disclaimer this is not financial advice, but anyone with a brain should know what the right thing is
Buttcoiners gonna be standing in line soon too.
WHAT REFORMS MOTHERFUCKER?! Aint no reforms inplemented in 2007 2008
I learned with Voyager. The account you have means nothing. They own it. They are the custodian. Unless you cold store your crypto you own nothing.
All banks are insolvent
Soon the headline will read
‘Chancellor on the Brink of ~~Second~~ Third Bailout for Banks’
There’s something very fishy about this whole SVB deal. I suspect corruption, money laundering and politicians involved. We will see
resilience my ass. It happened before, happened today and it’ll happen again. BTC is the only way forward.
> If it’s not bitcoin in self custody, it’s not your money.
I’ve been saying this for a decade. They’re not gonna get it. Not until self custody is easier… *much* easier.
dude, i know what youre saying, but why you got call out lebanon like that?
Don’t forget that precious metals are a good hedge against fiat and banking collapse as well👍 just like bitcoin it has value outside the system as long as you store the physical bars and coins.
Bitcoin Army
Until a CME or EMP hits.
If it ain’t cash in you pocket it ain’t yours either
Probably nothing
‘I need to call my mom’
BUY BITCOIN
Treasury Secretary Janet-Yellen Says Feds Won’t Bail Out Silicon Valley Bank
When it happens in Lebanon is too far from our ass, and this is not gonna happen in my country…. Well think again.
Well, California is sort of a lebanon in the US.
Regarding shittiness, that is.
It’s true that your own personal custody of your bitcoin is the most secure, but there are other great options for keeping your bitcoin safe, such as cold storage. I personally rely on them for the majority of my holdings. In my case, it has always been a reliable and easy way to make sure my coins are secure without ever having to worry about police telling me to go away.
Oooohhh NOoo! Anyway…
So another bank makes a series of bad bets with other people’s money.
Don’t worry. Chancellor on the brink of bailout #69
Nothing is on fire. Fiat is still alive