Yea, I’m not in favour of crypto banks in any way shape or form. Over the past five years, almost every crypto coin has been blatantly used at some point for large scale fraud, and direct bribes – Trump’s a great case in point there. Even more, shifting monetary control into a crypto-verse, is overtly giving all authority and power to tech bros, who are proving in very overt fashion that they cannot be trusted these days.
Just look at SVB. Thiel and his buddies looked at SVB’s balance sheet, said “We have so much money in this bank, if we all pulled out at once we could kill the bank and trigger a regulatory fiasco” … followed by Palmer Luckey, one of that crowd, putting forward a Crypto-first bank with his billionaire buddies backing. So the guys that caused the latest banking collapses, are wanting us to trust them to handle all the monetary stuff. Crypto being beyond government control is a nonstarter, and as soon as govt is involved is basically the same as regular currencies. But even worse the main proponents of it are completely untrustworthy, and are entirely hell bent on dismantling things like democracy. They want the power to mint their own “zuck bucks” to function as official currencies in their little tech fascist fiefdoms. So fuck that noise.
Yea, I’m not in favour of crypto banks in any way shape or form. Over the past five years, almost every crypto coin has been blatantly used at some point for large scale fraud, and direct bribes – Trump’s a great case in point there. Even more, shifting monetary control into a crypto-verse, is overtly giving all authority and power to tech bros, who are proving in very overt fashion that they cannot be trusted these days.
Just look at SVB. Thiel and his buddies looked at SVB’s balance sheet, said “We have so much money in this bank, if we all pulled out at once we could kill the bank and trigger a regulatory fiasco” … followed by Palmer Luckey, one of that crowd, putting forward a Crypto-first bank with his billionaire buddies backing. So the guys that caused the latest banking collapses, are wanting us to trust them to handle all the monetary stuff. Crypto being beyond government control is a nonstarter, and as soon as govt is involved is basically the same as regular currencies. But even worse the main proponents of it are completely untrustworthy, and are entirely hell bent on dismantling things like democracy. They want the power to mint their own “zuck bucks” to function as official currencies in their little tech fascist fiefdoms. So fuck that noise.