philmein23 on nostr

Recent Notes

Wondering for those that read through Mastering Bitcoin, how did y’all like it?

So the $342B question is…does the US govt/Federal Reserve/FDIC bailout Silicon Valley Bank and its customers which include crypto companies, in which case they now have directly supported and bailed...

philmein23 @philmein23 1678564218

If the former happens, moral hazard will continue, and if the former happens, economic calamity will ensure- unfortunate lots of people will suffer but, in the end, those banks need accountability (to which I’m not even hopeful of) - me thinks.

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ODELL · 174w

the entire point of bitcoin is a system that obsoletes corrupt regulators it does not matter what gensler thinks about bitcoin, what matters is he cannot stop it even if he wanted

philmein23 @philmein23 1677435792

I’m a bit confused - hypothetically if USA was to banned bitcoin, that would just mean it would be off exchanges right? Where would I be able to go and obtain it if that were the case? Maybe purchase goods of value and sell to a bitcoiner ? Sorry for my ignorance.

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btctotoro · 174w

A ban would definitely stop your coinbases and your strikes from buying and selling bitcoin. But your p2p markets...such as your robosats, your bisqs...government would need to get their hands pretty dirty to shut those down ( if they could at all...i doubt it). And p2p wouldnt skip a beat.

gnocchis · 174w

robosats, bisq, peach, peer to peer. you cant stop it

‎‮philihp · 172w