FTX was a πΏ moment.
SVB isπΏ moment.
If you've got your custody all figured, you sleep like a baby while fiat land does fiat things and watch from the sidelines. WTF πΏπΏπΏ
Jogi
jogi@iris.to
npub1ez00...20zy
Loving nostr!
I do wonder how much faster a bank run unfolds in the age of social media and the internet compared to the old days, where rapid communications wasn't a thing.
Naivly, I'd think much faster.
South East Asia does have it's challenges. Food quality at home is underrated until you come here and... I spare you the details...
Somebody claims there's a bank run happening in LA at first republic.
Someone else claimed it's a taco joint. The taco joint can be ruled out using street view. It's a first republic branch. Whether the bank is being run or not, I leave up to your judgment.
Whatever the case, this is the most exciting weekend if you know where to look


X (formerly Twitter)
work-in-progress (@jogiwashere) on X
Ok, bank run?!? Some comments say it's a taco joint, which isn't the case. I've pulled it up on street view. It's the bank.
Cold storage Bitcoin is a special thing. The worst thing happening to us is purchasing power going down a little while others are blowing up left and right.
Is USDC gonna make it out the other side alive?
Wells Fargo employees don't get their paycheck on time because of a CoMpUtEr gLitCh right around the same time, that other financial institutions blow up and counter party risk is travelling through the financial system. Yeah, right. That doesn't smell funny at all.
I may be down a little quotationally today, but I've still got all of my "deposits". How are you doing anon?
Ok, so get this. Our idiotic friends at Blockfi, bankrupt and all, managed to have 227 million in silicon valley bank, which is currently in the process of blowing up. The 227 million are NOT FDIC insured.
Bankruptcy squared π
Sauce:


X (formerly Twitter)
Lauren Hirsch (@LaurenSHirsch) on X
Per new bankruptcy filing, BlockFi has $227m in Silicon Valley Bank. The bankruptcy trustee warned them on Mon that bc those funds are in a money m...

Feeling rich this morning. Also, notifications work on this. How's your day, anon?


GM. My wife just started the day with a anti government pro freedom rant and she hasn't even had her coffee yet. How's your morning going?
Using Wallet of Satoshi has the benefit of giving me notifications when zaps come in.
Upgraded!
Lightning fixes change. Every payment is exactly accurate. No more fiddling with cash