Bitcoin genesis block - block 0. Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
Here we are today, March, 14th 2023, and the banks just keep failing and yet they keep bailing them out. I run a business, I have investors that I am responsible to, if I fail, I am out of a job, and have these people to look in the eye and say, I failed you. I don't want that. I need to be responsible and transparent, letting people assume their own risks. These shameless bankers are allowed to print more money to cover their poor decisions. They will utilize an ancient remedy with their scapegoat technology trick, we will sacrifice a few of the CEOS, at these banks, and then have a feast as the central Bankers setup the next round of failures with More Fake Printed Loot. Then steps in Satoshi. Bitcoin had been in a slump until this terrible round of news for the economy. In the last 24 hours bitcoin has decided to take some Viagra, smoke an Elon Joint and see if we can take a Falcon 9 Heavy to the moon for a loop and then back home for a safe and gentle landing.
The market dynamics are simple to understand. One such bystander says its because nobody trusts the banks anymore. They are looking for a safe haven. The banks get bailed out, the people get squeezed and quantitatively eased. It makes for more desperation and need, and all for some greed. Why could we not just heed the Bible of Rock and Roll. Good and True with all its virtue; You can't always get what you want, but you might just get what you need.
- Log in to post comments