The Crypto Ethic

Educating about Bitcoin, blockchain, crypto (currencies and technology) as well as supporting the healing of our relationship to money, technology and power.

[The Crypto Ethic @thecryptoethic]

@elonmusk Yes.. and this bias has been going on for weeks!

[The Crypto Ethic @thecryptoethic]

@ianrich15813274 @PeterSweden7 I’m not sure what ‘objective’ outlets you’re speaking about? In the UK the narrative in all media (including sky news, bbc, guardian) are all anti-trump.. it’s relentless

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Treasury Secretary Yellen says it's now "highly likely" the US will run out of cash by early June.

[Michael Saylor @saylor]

Even the @WEF is recognizing the environmental benefits of Bitcoin Mining.

[The Crypto Ethic @thecryptoethic]

Government overspend, money printing, and incompetency .. it’s not just our money that’s being steadily devalued, it’s now our lives

“State pension age could be 'raised to 70 by 2050'”

https://t.co/KWAhRPGg1t

[Documenting ₿itcoin 📄 @DocumentingBTC]

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: The global #bitcoin mining industry is now powered by an estimated 52.6% sustainable energy. ♻️

[nic carter @nic_carter]

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandal

https://t.co/Sa25w6Au7b

[ImNotTheWolf @ImNotTheWolf]

Bitcoin was created in 2009 as a response to the 2008 financial crisis.

This could very well be the first time in #bitcoin's history that it will experience what it was made to protect against.

SVB just got seized by FDIC. 151 Billion dollars potentially uninsured.

If banks start to fail because of underwater bonds, then it's not due to bankster money management practices like in 2008. Instead, it's a system risk in the financial sector. One that can affect commercial banks.

If the public doesn't feel safe putting their money in the bank, then there's only 3 things to do:

1. Cash out. Keep money under the pillow. This is exposed to high-inflation.

2. Convert to Gold. This is exposed to Gold's volatility and difficult to self-custody.

3. Buy Bitcoin. This is easy to self-custody, but exposed to high volatility. But if Bitcoin starts to pump because of all this, then it can trigger FOMO / a sense of security.

If banks start falling left & right, and you see Bank of America, Wells Fargo, Citi Bank, etc. exposed to this much unrealized loss..... what will you do?

#ShortTheBanksBuyBitcoin

[Tuur Demeester @TuurDemeester]

Satoshi mentions fractional reserve banking, as an illustration of how conventional currency systems breach trust, in his very first public announcement.

[The Crypto Ethic @thecryptoethic]

HSBC buys SVB UK due to a need to “protect a very important sector” - such a key contrast to the US approach. Highlights how the UK wants to encourage & protect innovation & technology, and the US is seemingly trying to suppress it.

[Sky News @SkyNews]

"The UK has great resilience in its financial system" .

Chancellor Jeremy Hunt says HSBC's purchase of Silicon Valley Bank UK is a "very important outcome" and is the result of "a lot of hard work".

https://t.co/tdEYCgTqC6

📺 Sky 501, Virgin 602, Freeview 233 and YouTube

[Michael Saylor @saylor]

The Bank of #Bitcoin remains open.

[The Crypto Ethic @thecryptoethic]

The main banks servicing the crypto industry have either failed or been closed.

Will this mark an end to US crypto access and use? Or drive the use of #bitcoin as it was designed - for peer to peer transactions?

[The Wolf Of All Streets @scottmelker]

Silvergate, Silicon Valley and Signature all shuttered.

Depositors will be made whole, but there’s basically nobody left to bank crypto companies in the US.

[Bitcoin Magazine @BitcoinMagazine]

@firstrepublic BM PRO: Largest Bank Failure Since 2008 Sparks Market-Wide Fear

The swift collapse of Silicon Valley Bank sends shockwaves through the financial world. Circle announces exposure and USDC fights to keep its $1 peg.

An explosive weekend ahead for #bitcoin?
https://t.co/au4q7aiXzQ

[Tuur Demeester @TuurDemeester]

Satoshi was smart. NY State Attorney General this week: “Since transitioning to PoS, the value proposition of ETH altered significantly because possession translates directly to profit potential by earning staking rewards.”

[The Crypto Ethic @thecryptoethic]

❤️

[Kristen Butler ツ @positiveKristen]

Instead of looking at what's depressing, look at what's a blessing. #KristenButler #quote

[The Crypto Ethic @thecryptoethic]

There truly seem few other options. Self custody #bitcoin

[Samson Mow @Excellion]

If it’s not safe to keep your money at the bank anymore, where can you keep your money?

Here’s a hint. It starts with Bit and ends in coin.

#Bitcoin

[The Crypto Ethic @thecryptoethic]

@Cointelegraph Self custody - Bitcoin (and gold)👌

[The Crypto Ethic @thecryptoethic]

https://t.co/8tVA90oI1U

‘Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US’

[The Crypto Ethic @thecryptoethic]

So good! #Bitcoin

[Julian Figueroa @kinetic_finance]

Bitcoin's newest ad is great.