The Banking/Fiat Writing is on the Wall! Be Your Own Bank! (((₿itcoin))) 🚫🏦✊

In this video, we discuss the many reasons why ₿itcoin is a much better savings and spending technology than banks.

When you hold money in a bank, you have to worry about the regulators and the government that controls that bank.

You also have to worry about bank runs. Banks are unstable, highly levered structures that can implode overnight if confidence in them falters. If a bank run happens, you may or may not be made whole by a bailout.

Banks are notorious for carrying out the will of political elites, censoring political enemies, minorities, etc.

By contrast, ₿itcoin allows you to send or receive money 24/7 (even on weekends and bank holidays) without needing permission from anyone. ₿itcoin is open to everyone, regardless of race, gender, net worth, nationality, politics, or other ideological opinions-- and it's censorship resistant.

₿itcoin is a new form of money that we can hold ourselves without having to trust a bank to hold it for us. ₿itcoin allows you to hold the fruits of your time and labor in a form that cannot be confiscated, or debased through money printing.

₿itcoin has no counter-party risk. It's a bearer asset like gold, but adapted to the modern digital world.

₿itcoin can be sent instantly anywhere in the world, or sent to yourself after you move to a more friendly economic or political jurisdiction.

With your "₿itcoin bank account," all you need to do is memorize 12 words. You can cross any border and "reconstitute" your ₿itcoin on the other side using these 12 words. ₿itcoin is a life raft for refugees, who would otherwise risk losing everything, whether it's Germany, Rwanda, Ukraine, etc.

How to live on ₿itcoin (playlist):
https://www.youtube.com/playlist?list=PL7w04GVKPitGAFaC3XPL7npqTieeUw7n2

Banks dying:
https://www.cnbc.com/2023/03/15/financial-shares-fall-as-credit-suisse-becomes-latest-crisis-for-the-sector.html

https://www.cnbc.com/2023/03/10/silicon-valley-bank-is-shut-down-by-regulators-fdic-to-protect-insured-deposits.html

Celsius freezes withdrawals:
https://www.wsj.com/articles/big-crypto-lender-celsius-freezes-all-account-withdrawals-11655096584

Ethereum devs gets to decide when you get your money back:
https://protos.com/ethereum-limits-full-shanghai-withdrawals-for-18-months/

New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’:
https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation

China freezes bank deposits:
https://www.reuters.com/markets/asia/chinese-depositors-left-dark-three-local-banks-freeze-deposits-2022-05-18/

https://twitter.com/aboutparesh/status/1550046990976819200

Canada freezes then unfreezes protestors' bank accounts:
https://www.forbes.com/sites/siladityaray/2022/02/23/canada-begins-to-release-frozen-bank-accounts-of-freedom-convoy-protestors/?sh=3ffb757b6364

Argentina freezes bank accounts:
https://www.latimes.com/archives/la-xpm-2002-jan-11-mn-21962-story.html

Lebanon closes the banks:
https://www.npr.org/2022/12/17/1143142512/lebanon-economy-bank-robbery-savings

Circle freezes USDC at law enforcement request:
https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/

Bank of Cyprus depositors lose 47.5% of savings:
https://www.usatoday.com/story/money/business/2013/07/29/bank-of-cyprus-depositors-lose-savings/2595837/

Banks discriminating against minorities:
https://www.nytimes.com/2020/06/18/business/banks-black-customers-racism.html

Satoshi understood the central banks and banks:
https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/1/#selection-45.1-45.380

Falling purchasing power of US dollar over time:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg

Original Video by Trader University: https://www.youtube.com/watch?v=nDsqTIMSpC8

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₿itcoin (BTC):
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₿itcoin Cash (BCH):
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Ethereum (ETH):
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