Oddbean new post about | logout
 “banks work” nostr:note10x4kfrmdzs9ggvkta6gx0n8gwxthj62hj3nskpxvcc8kv8se85qqevrznq 
 Banks rob
nostr:nevent1qqsqr5ny7fzqk3d8avuvzxnj8exe5xt2u73tztwx44nkd08wpknjq3cpp4mhxue69uhkummn9ekx7mqzyzprg8ug9dh2hnft5lc7ly92m9su7p6279deaaz2p8ua928ml0n2yqcyqqqqqqgxtlyep 
 ...you over 
 ...you over
nostr:nevent1qqsqr5ny7fzqk3d8avuvzxnj8exe5xt2u73tztwx44nkd08wpknjq3cpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq3qsg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63qxpqqqqqqztenr2a 
 While wrong about bitcoin, he does have a point

Several products like collaborative multisig address it to some extent, but he has a point 
 who's gonna tell him 
 We all already tell 
 Check your financial privilege jimmy 
 Imagine not being able to write down 12 words… 
 They work how they're intended to work, not how they should work.  
 if he lets on he understands censorship resistance, they might make him do something about Wikipedia... 
 For create poverty and war 
 'Banks work' = 

*charge you lots of fees
*controls on the transfer of your money
* wasted time providing kyc
* wasted time on calls explaining your stuff to dimwits

all while 'looking after' your money  

They work alright. Just not for you!!

#bitcoin 
 The guy clearly never tried to send any money abroad. Or never had a bank account terminated for no plausible reason. Or never had his bank declaring bankruptcy and taking his money... Banks work, until they don’t. 🤷‍♂️ 
 wait until someone social engineers access to his bank account.  
 I lost my horse and buggy key, and lost my ability to travel long distances. No, actually, that didn’t happen, because horses and buggies work and cars don’t. 
 Bitkey fixes this 
 Until they don’t. Then they get bailed out by the central bank. And then they work again. Kind of. 
 🧐🙃 
 Whoever the Fuck Jimmy Wales is, all I gotta say is he is NGMI. 
 Big oops..  
 Dude keeps his entire net worth in a bank 😂 
 “We work for banks” is what he means 
 He's not wrong.

The question is... for whom ? 
 2023 and he’s saying Bitcoin doesn’t work? 😂 

I’m guessing someone bought the top in 2013 and then sold the bottom. 
 🛍️💳🎁The PINK Cash App Card is finally back after being SOLD OUT for several months. It’s so *super* cute.💝☀️🌬️✨💋🦁🫂💖 https://image.nostr.build/2909b1dfc571b90a7c31a3f94a7356b616e88465b6f1efb600505e30d30f7fbb.jpg https://image.nostr.build/a2721362cd79ed4612a98a9d855d16efab6e76ec58648b9b9d01c8a1f2367c23.jpg  
 People seem to be living on totally different planets 
 
nostr:nevent1qqsqr5ny7fzqk3d8avuvzxnj8exe5xt2u73tztwx44nkd08wpknjq3cpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4zqvzqqqqqqyxjpdgu

nostr:nevent1qqs2k73h52x7ljw6ukzgpr57ft69u50vqwwh3asr9qwtvjtvy5yt0rqpzamhxue69uhhyetvv9ujuurvv438xarj9e3k7mgzypfqafahw4r9dwfsd5qumf5xj9nw4tej836rcavcsn4ndu0z6f535qcyqqqqqqga47hvk