@bearmoon28@scottmelker No that’s why I want the right to choose what best for me and not the banking cartel making the decisions for everyone!! If you don’t understand that then this conversation is over.
@bearmoon28@scottmelker No you can’t withdraw anytime you want. Sometimes you have to stake it (for a period of time) to earn the yields choice is totally yours. Or you can leave it in bank and make nothing. But why shouldn’t we be allowed to have that choice to do what we want with our money?
@bearmoon28@scottmelker High yields from leverage trading can drop, sure. But 4-5% yields are coming from U.S. Treasury bills, not from lending to traders. Those yields are pretty stable and they’re still much better than the 0% your bank pays you. That’s why people are moving money anyway.
@bearmoon28@scottmelker Bro, it’s all done inside crypto. You take your USDT or USDC, you swap it for a different stablecoin like USDM or another Treasury-backed coin. That new coin automatically earns yield because the company behind it buys U.S. Treasury bills with the money. You don’t leave crypto
@catferdon@coinbase Cat, you should make an ad using the actual clip of Jamie Dimon saying Brian Armstrong is “full of shit” on live TV.
Show banks offering 0.01% interest next to stablecoins paying 4-5%. End it with the line: “So… who’s really full of shit?”
This would actually wake people up.
@catferdon@coinbase Cat, Jamie Dimon’s meltdown on TV is perfect ammo. Run an ad showing banks paying 0.01% vs stablecoins paying 4-5%. Most Americans have no idea how badly banks are screwing them over while acting like the good guys. This ad writes itself.
@bearmoon28@scottmelker Technically it restricts direct yield, but people can still easily get 4-5% by moving it into a Treasury product. That’s exactly why Dimon is freaking out — people are still gonna pull their money out of banks
@brian_armstrong Jamie Dimon had a meltdown on TV trying to block the Clarity Act. Run the ad: Show banks paying 0.01% vs stablecoins paying 4-5%. Most Americans have no idea how badly they’re getting screwed. This ad writes itself. Banks don’t give a shit about anyone but themselves.