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
I guess people aren't aware that it pays that much.Wow 20% a year in #hbd savings? that's amazing.
Yep, it's a relatively new feature