bitcoin is no one’s liability really hits different today
brendan
brendan@nostrplebs.com
npub1fe77...t09p
toronto, canada
canadian banks, how’re you doing this morning? 👀
i can’t wait for spring weather in toronto. i’d like to get a pic of a full moon lighting up the lake on the south shore of the island. and a pic of the new building going up outside queen’s park
keeping’ my life a little simpler
gn friends ✌️
some art from an alleyway in toronto
winter streetscape @ church/esplanade
daylight savings time, or spring forward, unfortunately means the powers that be have one less hour to make plans before markets open tomorrow 😳
making depositors whole and bailing out the capital/managerial classes are two very different things
i hope those making the big decisions this weekend and next week have the humility to check their priors and avoid grandstanding on this issue
gl everyone ✌️
gm friends. we got dark clouds overhead. storm coming?
we all get carried away with the ‘ol bitcoin fixes this talking point but bitcoin was explicitly created to fix this lol
bill ackman is on a bitcoin promotional campaign for scared depositors, exactly along the lines of what #[0] described earlier today/yesterday
X (formerly Twitter)
Bill Ackman (@BillAckman) on X
The vast majority of depositors are not capable of assessing a bank’s risk profile nor do they have the time to do so.
bill you’re so close! omg. someone orange pill this guy he’s calling out
(also teach him about paragraphs)
oh man bill ackman. he almost gets it
satoshi nakamoto, everyone. have a great weekend.
if you think this is a key federal responsibility why not just nationalize the banking sector
gm homies ☀️ ❄️ ☕️
“…large business depositors such as SVB’s are extremely price sensitive. They demand more interest as soon as they see rates rise. Small retail depositors don’t bother. Hence the immediate pressure on SVB’s margins.”
DEMAND MORE INTEREST!
https://www.ft.com/content/0e1c671f-7998-4a55-a44e-edf07193616d
in the spirit of today’s events, remember to pressure your bank to pay higher deposit rates. demand more or withdraw your funds!
a lot of bitcoiners believe some really stupid shit and that’s ok because we really only need to have one idea in common
if you thought crypto was bad, Credit Suisse is down over 95% from the top
another blow to the beleaguered bank
https://www.ft.com/content/9eaa4394-3647-4ac3-adbf-3bc73a4413a3?list=intlhomepage