Calls for the U.S. central bank to rescue Silicon Valley Bank are growing due to fear of a more widespread bank panic. Things could unravel quickly. Pay attention. This is why Bitcoin was invented.
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10 sats \ 2 replies \ @AngryMulbear 12 Mar 2023
If all these depositors self-custody'd with Bitcoin, they wouldn't need a government bailout to make payroll. It would be business as usual.
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0 sats \ 1 reply \ @SatoshiNakanodo OP 12 Mar 2023
At least the uninsured portion of their deposits.
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0 sats \ 0 replies \ @SatoshiNakanodo OP 12 Mar 2023
Problem is SVB requires their borrowers do all their banking with them. So if you go to them for a loan they've got you by the balls.
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