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10 sats \ 0 replies \ @blocktock 22 Mar 2023
Biggest takeaway from the article:
- In fact, I would recommend only keeping enough money in the bank to fund your monthly or quarterly bill paying requirements. Any amount in excess of FDIC deposit insurance will be exposed to the risk bankruptcy.
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12 sats \ 0 replies \ @siggy47 21 Mar 2023
I remember the Cyprus crisis very well. I followed it closely and STILL didn't even consider bitcoin as an option. That was back in 2013. I'm still kicking myself.
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11 sats \ 0 replies \ @DarthCoin 21 Mar 2023
good read
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10 sats \ 0 replies \ @blocktock 22 Mar 2023
Thanks for bringing this back to the limelight. Almost 10 years to this day!
Thankfully many from the minority can 'bail-out' before the bail-in and see the writing on the wall.
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1 sat \ 0 replies \ @om OP 21 Mar 2023
What I think Balaji got wrong in his hyperinflation prediction is that the system is all set for a bail-in, Cyprus style. See Dodd-Frank etc.
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