The SVB collapse is a perfect example of bank endgame. They can run in the red forever as long as people don’t ask any questions. The dumpster fire that is traditional finance is perplexing. It’s hard to think that a bitcoin product will fill the role of actual bitcoin custody, But this is a whole system built on a mutual understanding of plausible denial, But it does seem like bitcoin is going to fill the role oil was taking. nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a had some interesting points about Canadian UBI, That less than a trillion per year would give everyone in Canada 2000$ a month. The E-CNY is the only reason banks are getting caught with their pants down and we need to see more moments like Peter Thiel pulling out before quant hedge fund traders want to move to bitcoin. 60% a year is plenty when you are trading 5 billion of other peoples money. How many people even have 5 billion dollars in bitcoin? A handful?