Good read thx 🙏

The very concept of TBTF is the root issue. No more regulation, no protection for banks. Let them fail and the grandmas with them. People need to learn to pay attention to what matters if we ever want to put humanity onto a better track.

Banksters are financial terrorists.

The executive orders just dropped! https://njump.me/nevent1qqs8437wh6j2ng4rys33xwtqr55lkevp6gur72tcey2ew423y5k43gcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsyg99yfx0n9prmwk7wdmv8dlulyjvqjv6m2f772klndj2m7q3t2q88gpsgqqqqqqskjr5z2

Will have a read. Thanks

They might want it to fail for the normies. That way they can say, "see how bad Bitcoin is."

I think rehypothecation ....meme coins....crypto etc is all 100% a given. The road and "end" we see of what bitcoin can and will be must have all these things. Everything and I mean everything will have to be means tested. I appreciate what you are doing but human psychology and incentives have not...

In the game of rehypothecation, the thing BlockFi, Celcius, Genesis, et al got wrong was the crucial underpinning of basic margin lending— the maintenance margin. They all took a common TradFi function, margin lending, and made up a new fancy name — over-collateralized lending. They acted as i...

Good reading, thanks Preston. I suspect banks will have a clause along the lines of ‘return the assets (bitcoin) OR the dollar equivalent’ in the case of distress. However this may also be the return to sound money banking as failures result in people demanding 100% deposits

love it - keep doing the lords work- can you please also update us with a list of recommendations for books you are you people should aim to read this year?

Just saw your why bitcoin decompression presentation on youtube. That was a great high level overwork. Signal is strong.

Thank you. I ran it through AI and just sent out letters to my senators and representative.

Thanks Preston

I imagine etf can be repo’ed in its current form. I guess it’s less critical as spot but it could cause etf discount premium to change widely if there are some repo fail.

IF BITCOINERS DON'T ACT, THESE GUYS WILL https://image.nostr.build/adef258417436d5c11d2810f74c8d2f86622001c5ac8d0be5d0a3b6109aa490b.jpg

Aw come on Preston, it’s a free market (or at least should be). Rehypothecation of bitcoin is inevitable. Best we can do is educate people and push them towards self-custody or at least companies that show proof of reserves.

Well said 👏 we must not lose sight of the genesis behind Bitcoin

Full throttle or not at all: make the banking license contingent on never rehypothecating bitcoin .. if they do then close the doors Reality is they will, irrespective of “rules” and “guidelines” and “law” .. they’ll need to have their BlockFi/Celsius/Genisis moment What price an edu...

I knew you were a grandma lover

Truth bitcoin doesn’t need external laws but it’s important to flag the implications of a continuing banking bad practice on our families, communities and economies. Much thanks.

Well said.

It’s astounding how the powers that be are not already fully across this 🤔