03-12-2023, 09:24 AM
Satoshi didn’t create BTC for us to worry about the 10-year bond rate or interest
<!-- SC_OFF --><div class="md"><p>SVB apparently had a shit ton of 10-year bonds. Why you would want to tie your funds up for such little return I cannot understand but if I were to guess I’d guess it’s for <em>Stability</em></p> <p>That’s pretty laughable now - I mean to laugh because it’s better than being upset </p> <p>Truly, the regulators and Circle have a good relationship. That relationship is what led to USDC being collaterized in commercial paper, investments in the “traditional” banking systems.</p> <p>Satoshi created BTC because the traditional banking system is fraudulent and not to be trusted.</p> <p>I’ve always been a fan of Circle/USDC and part of that was because they were compliant. I know they have powerful friends and that’s attractive.</p> <p>In the end though, Hal Finney knew better 14 years ago and he knew this type of thing would happen over and over and over again. That’s how this goes I guess. Bank runs are not a new thing.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/I_was_bone_to_dance"> /u/I_was_bone_to_dance </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11oling/satoshi_didnt_create_btc_for_us_to_worry_about/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11oling/satoshi_didnt_create_btc_for_us_to_worry_about/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>SVB apparently had a shit ton of 10-year bonds. Why you would want to tie your funds up for such little return I cannot understand but if I were to guess I’d guess it’s for <em>Stability</em></p> <p>That’s pretty laughable now - I mean to laugh because it’s better than being upset </p> <p>Truly, the regulators and Circle have a good relationship. That relationship is what led to USDC being collaterized in commercial paper, investments in the “traditional” banking systems.</p> <p>Satoshi created BTC because the traditional banking system is fraudulent and not to be trusted.</p> <p>I’ve always been a fan of Circle/USDC and part of that was because they were compliant. I know they have powerful friends and that’s attractive.</p> <p>In the end though, Hal Finney knew better 14 years ago and he knew this type of thing would happen over and over and over again. That’s how this goes I guess. Bank runs are not a new thing.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/I_was_bone_to_dance"> /u/I_was_bone_to_dance </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11oling/satoshi_didnt_create_btc_for_us_to_worry_about/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11oling/satoshi_didnt_create_btc_for_us_to_worry_about/">[comments]</a></span>