BANK RUNS
IF #Bitcoin is rat poison …
THEN
Banks are the rats!!!
BITCOIN released in 2009 BECAUSE of Bank Failures in 2008
@EdKrassen
In 2018 President Trump signed a bill that rolled back Dodd-Frank regulations on banks like Silicon Valley Bank. Prior to the bill, the threshold for which banks were required to submit resolution plans for their rapid and orderly resolution to the FDIC was set at $50 billion and higher. This was to ensure failure would not have serious adverse effects on financial stability in the US.
“You can leave your fate in the hands of people debating how to best screw you over. By making it unaffordable to buy things, or to make you lose your job? Or .. opt out, and start saving in #Bitcoin.”
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday, per Bloomberg. SVB’s CFO, CEO, and CMO fortunately cashed out before the crash.
Silicon Valley Bank Fails After Run on Deposits
The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too.
Wells Fargo says ‘technical issue’ causing customers to report missing deposits
The bank sought to reassure frustrated customers that their accounts remained secure and said it was working to resolve the issue.
Normally FDIC insurance stops this kind of run from happening.
Because everyone knows the federal government will cover their deposits, they aren’t worried about losing their money in a run, so they’re never in a rush to pull it out. And because they never rush to pull it out, runs can’t even get started. For a normal bank, about 50% of deposits are FDIC insured
But 93% of SVB’s deposits were not FDIC insured. So SVB was vulnerable to a classic, textbook bank run.
“Why this sudden meltdown in bank stocks?
A couple of interesting theories and charts are doing the rounds, so let’s have a look under the hood. A thread. 1/
‘Pathetic’: Feds Rule Candidate ‘Slush Funds’ Are Legal
BITCOIN released in 2009
BECAUSE of Bank Failures in 2008
Financial regulation to protect your money FROM a system designed to steal your money is an oxymoron.
2008: #Bitcoin is born amidst a financial crisis
2023: #Bitcoin will thrive amidst a financial crisis
#Bitcoin is the safest money out there – Tim Draper, Billionaire Silicon Valley VC
THIS IS THE VALUE PROPOSITION THAT BITCOIN PROVIDES
Jason Lowery on Twitter:
“NOT BUYING #BITCOIN IS A US NATIONAL STRATEGIC SECURITY HAZARD.”
Fiat-pegged coins like Tether, USDC, and Dai, don’t deserve to be called “stable”-coins. Fiat currencies are not stable. Circle’s eight page single-spaced memo to congress included zero instances of the word “Bitcoin.” Play fiat games, win fiat prizes.
1st they ignore you
2nd they laugh at you
3rd they fight you <WE ARE HERE>
4th We Win!
The Silent March of Bitcoin Policies Across US States
Because it separates state from money, Bitcoin is inherently a political animal.
Bitcoiners may not want to interact with the state, but the state wants to contend with Bitcoin.
AI
People Used Facebook’s Leaked AI to Create a ‘Based’ Chatbot that Says the N-Word
After 4chan published LLaMa online, others have taken the language model and created a functioning chat bot in Discord, which claimed that the n-word can refer to people who don’t have good intentions.
After 4chan published Facebook’s LLaMa online, others have taken the language model and created a functioning chat bot in Discord, which claimed that the n-word can refer to people who don’t have good intentions.
Simple regurgitation of search engine results and mutations of artwork is not AI. ChatGPT cannot pass my test. It is not AI. It’s nowhere close. ChatGPT is a “Machine Learning” model (“ML”). It is not AI and you should stop calling it AI.
My proposed standard for determining legitimate creation of ‘Artificial Intelligence’:
“The Vickery AI Test”
PRIVACY
Mental health provider Cerebral alerts 3.1M people of data breach
@matthew_d_green
The EU’s “chat control” legislation is the most alarming proposal I’ve ever read. Taken in context, it is essentially a design for the most powerful text and image-based mass surveillance system the free world has ever seen.
Section 702 has become something Congress never authorized: a domestic spying tool. Congress should consider ending the program entirely, but shouldn’t reauthorize it without critical reforms, including true accountability and oversight.
PREGNANCY
“Michigan voters enshrined abortion rights in the state constitution during the midterms, a move that was intended to help block the ban from taking effect… ‘This is proof positive that elections matter.’”
Lauren Boebert will became a grandmother at 36 years old the same age her mother did, announcing her 17-year-old son got 15 year old little girl pregnant.
Maybe instead of teaching Kaydon how to hold a gun she should have taught him how to hold a condom.
Boebert was pregnant at 17 (2003) dropped out of high school (to support her family, i.e. self/baby). She didn’t marry her husband until 2007.
Boebert’s 17 year old son got a 15 year old pregnant. That’s Statutory Rape. Where’s the outrage.
Age of consent in Colorado is 17… Boebert’s son, Kaydon Boebert, raped a 15 year old and got her pregnant. Belongs in jail. She was not of age to consent.
When you get pregnant as a teenager and drop out of school like Lauren Boebert did, you are highly unlikely to return. Boebert didn’t.
It’s likely her son’s gf won’t either. This sets up a trajectory of poverty and illiteracy in most instances. It’s not to be celebrated.
Sarah Palin’s daughter was pregnant at 17, and now Lauren Boebert’s son
https://thehill.com/blogs/in-the-know/3894140-boebert-praises-high-rural-teen-birth-rates-while-announcing-first-grandchild/
West Virginia Child Marriage is just fine.
West Virginia Republicans Block Child Marriage Ban
According to Unchained At Last, 78 percent of marriages involving a minor are between an underage girl and an adult man.
Neo-Nazi Homeschoolers Could Be Paid $22,000 to Teach Their Kids About Hitler
NATIONALIZE THE RAILROADS
Medical guidance is thin in East Palestine. Scared and sick citizens are calling a health hotline operated not by the EPA, but CTEH, a consulting company regularly accused of downplaying health risks that Norfolk Southern hired to test if the air was safe.
FBI investigates data breach impacting U.S. House members and staff