A lot of startups held millions in SVB. They were told that the money was in highly liquid mutual funds paying a few %
Imagine if they just held it in #HBD savings, earned 20% a year and didn’t have to worry about a bank’s risk management
A lot of startups held millions in SVB. They were told that the money was in highly liquid mutual funds paying a few %
Imagine if they just held it in #HBD savings, earned 20% a year and didn’t have to worry about a bank’s risk management
But, how will you convince them about sustainability of HBD, if a financial advisor ask you this question? #hbd
Same way you convince them about Bitcoin's security... it's very hard
You have to explain the code behind it and the economic machine behind it. There's a reason #HBD hasn't been widely adopted. A lack of understanding
I think people think that centralized exchanges are safer than dex's, because of many dex projects got rug-pulled and the dex's lost a lot trust.
Another reason is banks fear FED regulations.
I just got to know about it from your thread now.
Thanks.
Start saving!
Yhanks. I will see to it.
Thanks, I will see to it
I wonder how people will look at "A" ratings looking at #SVB. It got demoted after 2 years, 2 days before the collapse.
The whole story is pretty wild
We slowly are getting used to the abuse, right? We are... right? Crypto is making people harden the fuck up
Wow 20% a year in #hbd savings? that's amazing.
I guess people aren't aware that it pays that much.
Yep, it's a relatively new feature