What is Nostr?
ryanthegentry /
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2023-03-20 22:26:17
in reply to nevent1q…5ukk

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.”
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/
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