Woke Bank

Here is a phrase for a bank. Don’t lose all the fucking money.

_________________
If you choose not to decide, you still have made a choice.

So blind people can't be anything? Horrible.

_________________
https://twitter.com/DrKenCast

Woke Bank. We don’t know whether we insure or ensure your money, because that might be considered bigoted.

Woke Bank, we not only insure deposits, but also correct pronouns

_________________

_________________

I don't know about all that but I'd look at the ESG factors they used.

This sounds like someone who valued a lot of things more than managing risk.

_________________
Communists are just people who are terrible at capitalism.

Looks like some woketard on woketard shots there.

_________________

_________________
Communists are just people who are terrible at capitalism.

That feeling when you tried to use FTX to kill Bitcoin and ended up crashing the U.S. Dollar instead:

_________________
Communists are just people who are terrible at capitalism.

Bitcoin is not a store of wealth!!!!!!

It's beating the shit out of gold right now.

Is there a short version of why this is about Bitcoin and not all the other obvious things it’s about?

_________________

woke bank. because we thought morons would believe us. we didnt realize our customers were smart.

_________________
the world will always the world. your entire existence is defined by your response.

Obviously, the precariousness of our financial system is due to many factors. We can go back to the disastrous presidency of Reagan. (A Right Wing friend said to me yesterday, "It always comes back to Reagan for you fucking Lefties, doesn't it?" ) But it seems clear to me that FTX was a government backed plot to murder Bitcoin that has completely backfired.

_________________
Communists are just people who are terrible at capitalism.

Nope, It's a long story with plenty of holes in it. But it starts with not letting 3rd world countries become self sufficient. You've heard the story about Colonel Gaddafi starting a new currency, independent of the American dollar, based on gold...and was murdered for it?

What did Uncle Pennybags say?

It's an unregulated way to secure your money. Sure, value will fluctuate, but so will the us dollar. The whole time the main reason I thought it would die is someone figuring out a way to hack it, but clearly hasn't been done and every day it hasn't is why it will continue to be a new gold standard. When you buy commodities, you can't store them. When you buy Bitcoin, everything is 20 words in your wallet. Why people don't see the value in that is mind boggling to me. I don't think it's an investment anymore but it is certainly a way to protect the money you already have. I even get people who say the government can still get it if they want to, but I don't see how. If they don't have your 20 word passcode, they could freeze funds you might acquire but at the end of the day, you still control the bitcoins and someone out there will be willing to exchange them for you.

_________________
the world will always the world. your entire existence is defined by your response.

The most dangerous thing for world rulers is a borderless currency over which they have no control.

_________________
Communists are just people who are terrible at capitalism.

My thought process with bitcoin is it could just as easily/quickly become what the problem would be with money. It only has value because we believe it does. If the financial system collapses and we all go to some one world digital currency then what or how does that work? And what stops people from going back to a barter type society provided they let us or we are able to have certain things like food or materials?

It's really amazing how the world has changed in the last say 100 years and how it's all being put in jeopardy. What's on the chopping block how it's decided is all arbitrary or maybe not if it enriches the right people.

They believe they can control it, I'm not sure why or if they even thought this all the way thru.

You could say that about anything except for food, water, building materials, and energy sources. If everyone is starving carrots are suddenly worth more than gold.

Admittedly, it helps to have a powerful army/navy/space force if you're going to insist a currency has value. I'm sure the Mongol farmers all grumbled when Genghis Khan paid them for crops with paper money, but they just had to take it and trust that it was good. I'm guessing there are a few countries grumbling about the "full faith and credit of the U.S. Government" right about now.

_________________
Communists are just people who are terrible at capitalism.

Right.

Credit Suisse come on down!!!

That one could be a problem.

_________________

5% interest is a problem nowadays. That's quite a house of cards they've built. I'm a broken record about this, but since 401k, profit is demanded at all costs. Meta lays off again....and the vipers cheer.

I went through the switchover with the first company I worked for in the late 80s. Going from a profit sharing thin to 401k. I believe you are pretty close to when this whole thing changed. We now live in a quarter to quarter world which makes all sorts of people and firms do bad things.

_________________
If you choose not to decide, you still have made a choice.

He said don't worry. And he's my brother. So I trust him.

_________________
https://twitter.com/DrKenCast

There is also an expectation that the economy is always booming. Look at how many people cried about the cost of eggs. Things get expensive sometimes.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!