Jonathan on Nostr: A deposit is an unsecured loan to the bank. When I tell people that you shouldn't be ...
A deposit is an unsecured loan to the bank. When I tell people that you shouldn't be lending money to companies that are horribly broke, most people reference FDIC.
Which is hilarious because the government is the only entity more broke than the banks.
As Jack says, you shouldn't loan any money to your drunken uncle who's 40 trillion in debt. Get real money (bitcoin) and get it out of the banks and into self custody.
Published at
2026-03-01 01:24:22 UTCEvent JSON
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"content": "A deposit is an unsecured loan to the bank. When I tell people that you shouldn't be lending money to companies that are horribly broke, most people reference FDIC. \n\nWhich is hilarious because the government is the only entity more broke than the banks. \n\nAs Jack says, you shouldn't loan any money to your drunken uncle who's 40 trillion in debt. Get real money (bitcoin) and get it out of the banks and into self custody. ",
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