Is Access To Banks A Human Right?

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In this video, I discuss why access to banks is akin to access to public utilities like water and electricity and thus should not be politicized.

Banks are a weird hybrid of public and private elements. They receive frequent bailouts, in which the losses are socialized, while the profits during good times are privatized.

Banks also frequently receive sweetheart deals, where they get all of the upside, while the public is left paying for the downside.

For these reasons and more, banks should not be allowed to ban people or close their accounts due to their political beliefs.

Access to banking services and fair money is a universal human right.

Bitcoin runs on decentralized proof of work, because this ensures that Bitcoin cannot be controlled or captured by anyone. It is what makes Bitcoin neutral money that anyone can use without being censored or bullied.

You can safely ignore mining, hash rates, block times, etc and just let Bank of America run your medium of exchange for you-- but then your money is subject to capture, censorship, and control.

Not investment advice! Consult a financial advisor.

US Banks Banning Dissenters (Why We Bitcoin):
https://www.youtube.com/watch?v=sjnJtR8rdTM&ab_channel=BitcoinUniversity

JP Morgan gets a sweetheart deal:
https://www.reuters.com/breakingviews/jamie-dimon-bails-out-first-republic-fdic-2023-05-01/

Banks Are Closing Customer Accounts, With Little Explanation:
https://www.nytimes.com/2023/04/08/your-money/bank-account-suspicious-activity.html

RFK Jr on banks being public utilities:
https://twitter.com/RobertKennedyJr/status/1684306946776596481

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#banks

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