bitcoinwell on Nostr: Your bank does not hold your money. They lend it out and give you an IOU. If everyone ...
Your bank does not hold your money.
They lend it out and give you an IOU.
If everyone showed up on Monday to withdraw, the whole system stops.
Bitcoin in your own wallet is not an IOU.
It is the money. No counterparty. No permission needed.
Published at
2026-02-24 03:04:00 CETEvent JSON
{
"id": "b1330cc876089f6e4248296f12584243c6191f51ec3cd889baf6de2c5cc7f86b",
"pubkey": "2ed3596eb5e6e7c0d6f9ae1a01cad1e40bad02ed9e2221fc3231624a98b4cc78",
"created_at": 1771898640,
"kind": 1,
"tags": [
[
"r",
"wss://eden.nostr.land/"
],
[
"r",
"wss://nos.lol/"
],
[
"r",
"wss://nostr.wine/"
],
[
"r",
"wss://relay.damus.io/"
],
[
"r",
"wss://relay.nostr.band/"
],
[
"r",
"wss://relay.primal.net/"
]
],
"content": "Your bank does not hold your money. \n\nThey lend it out and give you an IOU.\n\nIf everyone showed up on Monday to withdraw, the whole system stops.\n\nBitcoin in your own wallet is not an IOU.\n\nIt is the money. No counterparty. No permission needed.\n",
"sig": "443785b05c50297d7a64c457c32b14a1fc5dfc1e27bbe198fe2fae29212d2db41b2983222f009a937cfc3d5a3d01a9d29b2a576d3a3165fcaed8c516ee4aab3c"
}
