Doq Holliday
@doqholliday
24 May, 11:52
I still don’t think people truly understand what is happening to banks.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
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What will it be like for someone like me, who doesnt use cellphones, doesnt do any online anything except with a single credit type card (has the ability to cancel charges that are fake) for things i cannot get where i live, and all my money in my local credit union because as a poor person living on 20 grand a year, the interest it used to pay helped grown my retirement money that i was able to save. I dont want digital anything, that gives too much power to the "people in charge" to use it to control me. Starting to sound like the book of Revelation stuff here. I am 60 years old and i am trying to be open minded but i am starting to get really uncomfortable about how i have no way to protect myself anymore from this kind of stuff. One false move by the wrong person could cost me everything i worked 40 years for. I am very low on this economic totum pole and it is late in the game for us and this is getting scary.
03:04 PM - May 24, 2022
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