Money Without Trust
——————
Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.
The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Silvergate and SVB have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.
https://www.discreetlog.com/money-without-trust/
ODELL
npub1qn…w95gx
2023-03-10 19:53:55
Author Public Key
npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxPublished at
2023-03-10 19:53:55Event JSON
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"content": "Money Without Trust\n——————\n\nBitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.\n\nThe four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Silvergate and SVB have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.\n\nhttps://www.discreetlog.com/money-without-trust/",
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}