IMHO what we are seeing with svb, si, is just the beginning. The legacy financial system is so heavily intertwined, when one counterparty has an issue it reasons that other counterparties are either experiencing the same, or will be soon. It comes down to collateral and counterparty risk. It *feels* like an asset that was held as collateral has gone sour which has caused the “crisis of confidence” and is accelerating things. Fed is watching this closely. Bet.

No matter what the banks say - it’s always worse than they let on. Fractional reserve banking with such low levels of reserves makes it 100% a confidence game so if the market catches a sniff that something doesn’t smell right… cya cuz it’s all over.

I mentioned a week or so ago that it felt like something was about to crack. It seems like SVB might be the first canary in the coal mine going down. In my experience - bank runs are much like cockroaches. there is always more than one and it never happens in isolation.

Gm fam ☕️👋🫂💜 It’s friday, stay based 🤙🏼

#[0]​ I am humbled by that monster zap sir. Ty, I will endeavor to pay that forward within the Nostr economy. ⚡️⚡️🫂🤜🤛🫂⚡️⚡️

It would be cool if it was possible to enable the Shaka button to automatically just zap a set amount like 5 sats while the ⚡️button functions as normal. I Shaka a lot of posts that I would throw a few sats at but I’m just too lazy to click ⚡️ and input 5 sats. Whereas I’ll make the effort to ⚡️500 or 🦍. I know I’m being lazy af

Sorry fam did not mean to ghost 👻 my WiFi been down all day. I will now spend the next 6 hours trying to catch up on what’s going on here. 😂