f0xr on Nostr: Cash is the only self-custodial fiat. You can say that doesn't matter, it's still ...
Cash is the only self-custodial fiat. You can say that doesn't matter, it's still fiat. But it does matter, because it protects you from significant risks, and holding cash weakens the fractional reserve banking system and accelerates the collapse of the fiat scam.
Everyone should make an effort to hold their emergency savings, 3-6 months at least, in physical cash. Keep the bare minimum required for transactions in the banking system, and of course long term savings in self custodial Bitcoin.
Published at
2024-06-06 12:58:33Event JSON
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"content": "Cash is the only self-custodial fiat. You can say that doesn't matter, it's still fiat. But it does matter, because it protects you from significant risks, and holding cash weakens the fractional reserve banking system and accelerates the collapse of the fiat scam. \n\nEveryone should make an effort to hold their emergency savings, 3-6 months at least, in physical cash. Keep the bare minimum required for transactions in the banking system, and of course long term savings in self custodial Bitcoin. ",
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