Banking

402 Articles 6 Followers


A Short Defense of Banks

2 Sep 2021 3 minute read 0 comments TabbyTabby

This is a test. It is only a test. A test to see if anyone is willing to think critically or if you will be triggered and lose all rational thought. Ready? Let's begin. First, can we agree on what a bank does? A bank exists to turn a profit. It does...

To all those who call Bitcoin and Crypto "worthless, failure, scam or Ponzi"

1 Sep 2021 4 minute read 15 comments Kovichni

Personally I think this generation of Bitcoin naysayers will eventually evolve and come around or in time gradually become extinct when Crypto is fundamental to our world and every home or individual has a wallet address, just like there are not so m...

DeFi Vs Banks: Understanding the Difference

23 Aug 2021 3 minute read 2 comments Investor Republic

What is DeFi? DeFi (Decentralized Finance) refers to a collection of financial products and services that are built on top of blockchain networks. It is a brand-new monetary system that is being developed into an open and global financial system, as...

Notes on CBDC 1: Declines in physical cash usage

5 Aug 2021 2 minute read 0 comments Craig Borysowich

While dozens of countries see a marked reduction in the use of physical currency as a means of payment, the continued need for a physical currency is not disappearing from economies any time soon. There continue to be valid micro-transaction use case...

Western Civilization, The Lifestyle and Language That Controls It

1 Aug 2021 2 minute read 0 comments IRUUR1

What is Western Civilization? It is first the fertile crescent, after the last major climate shift, spawning, N African, E Asian and Southern European civilizations. It was and is a civilization driven by communication and trade between and against t...

Tales of a global cartel: Transferring money abroad

19 Jul 2021 1 minute read 3 comments NZFX

I never knew just how messed up the global banking system was until I moved to a foreign country and tried to get access to my own money.  If ever there was a process that needs to be replaced by the crypto revolution, this is it.   When I want to tr...

Interest rates vary inversely with...

14 Jul 2021 1 minute read 0 comments The Archivist

(The Archive: Article) "Interest rates vary inversely with the price of bonds." You may have heard that in your life. Do you understand it? If you don't read this short post to get the relationship as I explain it. It took me a long time to underst...

Wells Fargo Shuts Down ALL Personal Credit Lines?

10 Jul 2021 2 minute read 2 comments Hamminy

Damn, Wells Fargo. ALL personal credit? Not just the bad credit risks, not just the delinquent accounts — all of the shit. Are you kidding me? I'm happy this happened, because if you've ever been inside of a Wells Fargo, you could have seen this comi...

A Swiss Bank announces it will offer ETH 2.0 Staking

6 Jul 2021 2 minute read 1 comment Lukros76

I wrote about Swiss banks fearing loss of clients if they didn't give them crypto investment options a few months back, and lo and behold one of them, called Sygnum announced today that they will become the very first bank to offer Ethereum 2.0 staki...

Revolut - a crypto friendly banking solution for the UK

4 Jul 2021 2 minute read 8 comments CryptoPlankton

Here, in the UK, we are facing increasing restrictions on our ability to interact with the crypto economy. The hostile environment towards crypto has resulted recently in Celsius leaving the UK and suspending sign-up for UK based customers and I hear...