Oddbean new post about login | logout Expect this trend to accelerate. The combination of bank insolvency and the governments' attempting to prevent people from getting out of the system will lead to more instances of people being unable to access their money. Bitcoin held in self-custody is the solution. https://m.primal.net/HRJc.jpg
In Switzerland??? 🤔 what more information am I missing?
UBS where forced to take over Credit Suisse last year, who would otherwise have gone bankrupt and where too big to fail. Of course that means UBS is now even bigger, so to hear they're having "liquidity challenges" is interesting.
I agree self-custody is the solution but #Bitcoin needs to fix its high fee/scaling problem otherwise keeping all your money in #BTC carries substantial risks. Fees are supposed to be a mechanism to prevent spam not to discourage non-spammy transactions.
When the same shit happens on our end, we get administration fees, late fees, lawyer fees, lunch break fees, whatever. Why don't they offer compensation when it's the other way around?!
