Post

we're going back to 19th century wildcat banking except much worse

Ranger of the East@rangeroftheeast.bsky.social

1/ TLDR - You deposit money in your bank and get stablecoin. It's faster than money transfers used to be and theoretically lower fees, and all you have to give up in return is earning any interest and FDIC protection.

nytimes.comBehind Wall Street’s Abrupt Flip on Crypto

loydchristmas.bsky.social

@loydchristmas.bsky.social

14 Aug 2025

Still not understanding-other than fast overseas payments- why would a consumer would want a stablecoin? Wont they just move their deposits to a traditional bank?

ryan cooper

@ryanlcooper.com

if they're a criminal or speculator, that is basically 99 percent of crypto "investors"

14/8/25, 1:06 pm1 repost3 likes

loydchristmas.bsky.social

@loydchristmas.bsky.social

14 Aug 2025

of course... well at least we are going to redo the bank war. Trump really is modern Andrew Jackson