11-08-2021, 04:41 AM
Fuck banks
<!-- SC_OFF --><div class="md"><p>A multi billion dollar bank will charge a struggling single mother 30$ for running out of money.</p> <p>Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage.</p> <p>Scalable smart contract protocols within Ethereum and Cardano fix that problem.</p> <p>Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. </p> <p>Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference.</p> <p>Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry.</p> <p>Bitcoin says 21,000,000 to exist for eternity. No more, no less.</p> <p>Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it.</p> <p>Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. </p> <p>If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan.</p> <p>What plan do the banks have to compete?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dystopianmonke"> /u/dystopianmonke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qp26zf/fuck_banks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qp26zf/fuck_banks/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A multi billion dollar bank will charge a struggling single mother 30$ for running out of money.</p> <p>Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage.</p> <p>Scalable smart contract protocols within Ethereum and Cardano fix that problem.</p> <p>Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. </p> <p>Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference.</p> <p>Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry.</p> <p>Bitcoin says 21,000,000 to exist for eternity. No more, no less.</p> <p>Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it.</p> <p>Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. </p> <p>If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan.</p> <p>What plan do the banks have to compete?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dystopianmonke"> /u/dystopianmonke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qp26zf/fuck_banks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qp26zf/fuck_banks/">[comments]</a></span>Kind Regards R