hodlbec on Nostr: TradFi banks failing because of regulated practices such as lending out customer ...
TradFi banks failing because of regulated practices such as lending out customer deposits & putting cash on hand into debt instruments for a yield is exactly why #Bitcoin was created the way it was. Decentralised, permissionless & with no counter party (providing you hold your own keys).
Lesson in here for all those regulation cheerleaders & Bitcoin critics.
Published at
2023-03-10 08:24:16Event JSON
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"content": "TradFi banks failing because of regulated practices such as lending out customer deposits \u0026 putting cash on hand into debt instruments for a yield is exactly why #Bitcoin was created the way it was. Decentralised, permissionless \u0026 with no counter party (providing you hold your own keys). \n\nLesson in here for all those regulation cheerleaders \u0026 Bitcoin critics.",
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