in 2008 bank liabilities relative to cash on hand hit 33x
today we’re at 6.5x
banking industry is still built on fractional reserve lending of your deposits
I know you know this already: use #Bitcoin instead
there is no substitute for cold storage.
in terms of friends and family, easier to reach those who are open to entertaining other worldviews, and have expressed interest in BTC
from my experience, let them come to you when they’re ready. money is a touchy subject, though we need to demistify it, as it ought to be considered a neutral commodity, a tool 🤙
mcshane
npub16v…mp2va
2023-03-11 04:53:59
Author Public Key
npub16vrkgd28wq6n0h77lqgu8h4fdu0eapxgyj0zqq6ngfvjf2vs3nuq5mp2vaPublished at
2023-03-11 04:53:59Event JSON
{
"id": "ee6b9985c0302c1b00606d319800055f2b2e5fb70c5005a903a5be5569259eb5",
"pubkey": "d307643547703537dfdef811c3dea96f1f9e84c8249e200353425924a9908cf8",
"created_at": 1678510439,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "in 2008 bank liabilities relative to cash on hand hit 33x\n\ntoday we’re at 6.5x \n\nbanking industry is still built on fractional reserve lending of your deposits\n\nI know you know this already: use #Bitcoin instead \n\nthere is no substitute for cold storage.\n\nin terms of friends and family, easier to reach those who are open to entertaining other worldviews, and have expressed interest in BTC\n\nfrom my experience, let them come to you when they’re ready. money is a touchy subject, though we need to demistify it, as it ought to be considered a neutral commodity, a tool 🤙",
"sig": "b2df6cd87eb81b6045c2205e339a92c5123eef45770bc02c83a1a9fd54e619fba45e28016873baf5b83d53b31d287b30129e4ad0c646fe88e9955dd03f9705b4"
}