It’s Human beings Vs Central bankers

Avoid using their money whenever possible, it's the best way. Everyone can contribute.

THIS IS THEY WAY 🫡

I stopped reading at "X are evil because they only think of profits" which is the mantra of communist propagandists, and not saying that you are one nor that you're doing it consciously. Guess what, humans have been putting "profits" before anything else since forever, and that's how we got the internet, airplanes, and to the moon (maybe). "Profits" are anything that the individual considers better than what he currently has, be it money, love, self-accomplishment, garbage on the blockchain. The grand sum of everyone's profits is what makes humanity tick and flourish. The issue with banks is not that they only care about profits, because if that was the only gist of it, they would offer outstanding service to people IN ORDER to make as much profit as possible. The issue with banks, as with anything else that exists, is THE STATE that allows them to do whatever the fuck they please without consequences. And the issue with the state is that people have this sick religion in their head where they replaced god and jesus christ (and I am an atheist myself) with "the social contract" and "the common good", hence allowing the garbage of the earth which are politicians, to rule over them and by association compelling the small minority of mentally sane people to comply or be destroyed.

Banks have been controlling governments for centuries. Many humans do not put profit above everything else. I don’t believe that’s true. I am not a communist, I believe in free markets, but you cannot have a free market if there’s a communist institution like a central bank controlling money. And using the state to force its use

Yes, I did not say that you're a communist nor that you willingly used that trick, just that you did say something inherently wrong 😉 Let's define the terms: "profit" means getting something back in exchange for your work, that you value more than not doing that work in the first place. So it can be money, or even just the warm fuzzy feeling of having helped someone for free. It's still profit, the individual decides on its merit. Regarding the banks, they could do nothing, as in literally nothing, if the state did not exist, which is like saying, if the people were free at heart and decided not to obey arbitrary laws made by corrupt politicians and enforced by a puny army, which is puny when you consider that every single guy wearing a costume and waving a gun would have to face 200 normal people, if it came to open confrontation. And that's why if people simply stopped obeying, governments would disappear tomorrow, and central banks with them.

They control us because they control our currency

What happens when the banks are ended? There’s gonna be another entity that attempts to do the same thing as banks.

GET YOUR #MONEY OFF THE BANKING SYSTEM! #BITCOIN View quoted note →

💯 View quoted note →

They're cancer because they can't do profit correctly

It's true

Listening to 1929. Nothing changes.

The 5th column, if I'm not mistaken. 🫡

You mean The State

That is why we need to separate money from state and decentralize our money. It will give control back to the people, which will realign incentives of the new entities. We would pay banks to hold our funds for security, earn real interest rates if they rehypothicate the funds and pay real interest on loans. These loans could only be given if the bank actually had the money. Banks would have to de-risk as there would be no bail out if an issue occurs. People would require a bank to be responsible or they would use their competition or self custody. No longer would we have to beat inflation. Banks would be forced to show proof of reserves.

1. Personally consider being banks being more a symptom than the problem itself, in the end they have fractional reserve due to governments rules/permissions 2. The state is the real cancer, and politicians and public workers without merit are the cells. View quoted note →

There will be no banks. We have Bitcoin.

Eh not entirely true. That’ll only be the case in a utopian hyperbitcoinized world. I hope that happens but we probably won’t even live to see it. Until then banks and exchanges will continue.