Shitcoin Insider

Bitcoin Maximalists take on the scams, ponzis, & bad ideas in the world of crypto. Doing the dirty work so that you don't have to.

Hosted ByGuy Swann & The Insider

All Episodes

Guy’s Take #66 – Pooping in the Park

Bitcoin is a public good. The maintenance and stewardship of the network rests on the conviction and work of 10s or 100s of thousands of node operators who work...

Read_727 – The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]

“The fall of First Republic Bank was the second-largest bank failure by assets in US history, putting us in the 2008 conversation. Times are different, but the bank failures...

Read_727 – The Banking Crisis Stays, & the Treasury is Broke [Nik Bhatia, Joe Consorti]

“The fall of First Republic Bank was the second-largest bank failure by assets in US history, putting us in the 2008 conversation. Times are different, but the bank failures are relatable in size. The total assets of three 2023 failures have already eclipsed the total assets of all the banks that failed during the Great Financial Crisis” — Nik Bhatia, Joe Consorti

Today we dive into a short breakdown of the breakdown of the banking system with The Bitcoin Layer. The banking crisis is here to stay, the Treasury is even more broke than they guessed, interest rates are still going up, inflation isn’t stopping, and what does this all mean for our money, and our Bitcoin? Find out in today’s episode.

Check out the original, plus tons of other great updates in The Bitcoin Layer, and the eye opening visuals that come with this article at the link: https://thebitcoinlayer.substack.com/p/banking-crisis-is-not-going-anywhere

Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” — Thomas Sowell
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Read_726 – The Nostr Privacy Paradox [L0LA L33TZ]

“If Tor is an anonymous remailer, meaning a protocol facilitating the anonymous forwarding and receiving of messages between peers, Nostr can function as an anonymous bulletin board. CoinJoin coordinators...

Read_725 – Operation Choke Point 2.0 is Underway [Nic Carter]

“Banks are highly regulated public-private partnerships in an environment where new charters are excruciatingly hard to obtain, and as such remain de facto arms of the state. It has...

Read_724 – The Virtue of Selfishness – The Objectivist Ethic [Ayn Rand]

“The title of this book may evoke the kind of question that i hear once in a while: “Why do you use the word ‘selfishness’ to denote virtuous qualities...

Read_723 – Alchemy – Everything Divided By 21 Million [Knut Svanholm]

“Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is...

Read_722 – Purple Text, Orange Highlights [Dergigi]

“I believe that in the open /attention/ information economy we find ourselves in, value will mostly derive from effective curation, dissemination, and transmission of information, not the exclusive ownership...

Read_721 – IMF Unveils New Global Currency “Universal Monetary Unit” [Tyler Durden]

“Can you imagine a world in which you are restricted from buying meat for a while because you have already used your “carbon credits” for the month? Your “financial...