ryanthegentry on Nostr: Corollary: “Lightning nodes are basically full reserve, zero leverage bitcoin funds ...

Corollary: “Lightning nodes are basically full reserve, zero leverage bitcoin funds with payment services attached. It’s totally normal to keep your savings in one.”

quoting
nevent1q…5ukk

By far my favorite quote from this month’s macro insanity was from #[0]: “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.”

Absolute 🔥
https://reason.com/video/2023/03/15/blame-the-government-for-the-new-banking-crisis-live-with-lyn-alden-arnold-kling-and-zach-weissmueller/