Stunning line from The Bitcoin Layer by Nik Bhatia:
"With the wave of failures seen and to be seen, it doesn’t seem as if a single depositor will face losses. An implicit nationalization of all deposits is now broad consensus, and no laws had to be passed in order for this to occur."
https://open.substack.com/pub/thebitcoinlayer/p/full-blown-banking-crisis-is-here?r=9ac8&utm_medium=ios&utm_campaign=post
Programmabletx
npub13y…7epkg
2023-05-05 15:46:37
Author Public Key
npub13yrcjh6v8efapytwfssvz5awxh23vry9uu2e3hu72xzm03e0fges47epkgPublished at
2023-05-05 15:46:37Event JSON
{
"id": "6a498fe01a350839f197fc636d9051f1cb3bee071672535380bb55028d5d6e13",
"pubkey": "8907895f4c3e53d0916e4c20c153ae35d5160c85e71598df9e5185b7c72f4a33",
"created_at": 1683301597,
"kind": 1,
"tags": [],
"content": "Stunning line from The Bitcoin Layer by Nik Bhatia:\n\n\"With the wave of failures seen and to be seen, it doesn’t seem as if a single depositor will face losses. An implicit nationalization of all deposits is now broad consensus, and no laws had to be passed in order for this to occur.\"\n\nhttps://open.substack.com/pub/thebitcoinlayer/p/full-blown-banking-crisis-is-here?r=9ac8\u0026utm_medium=ios\u0026utm_campaign=post",
"sig": "d74c386ffb10503b2b33b6c3aadd5b2dc397778e04d747a20610d0751de71bd8f5c8a21a59af54297a107dbfd675a24a6354215d546796ab958aacc49cf9f333"
}