Brian Armstrong pfp
Brian Armstrong
@barmstrong
As expected, the narrative today from some has been that crypto created contagion in the banking sector. In reality, it was more the banking sector creating contagion in crypto here. SVB collapse, for instance, was unrelated to crypto.
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Brian Armstrong pfp
Brian Armstrong
@barmstrong
Silvergate and Signature probably more nuanced. Signature had about 20% crypto deposits I believe.
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🎩 MxVoid 🎩 pfp
🎩 MxVoid 🎩
@mxvoid
Yup. It’s especially hard to counter false narratives when so many people are primed to believe it and repeat it. Per Jonathan Swift, “Falsehood flies, and the Truth comes limping after it.”
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Aaron Ferguson 🎩🏰📚🔵 pfp
Aaron Ferguson 🎩🏰📚🔵
@aaronrferguson.eth
It’s been really weird seeing people pushing a narrative that is *provably* untrue
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phil pfp
phil
@phil
Thanks for chiming in here Brian. Public opinion won’t be won in a day. Keep fighting the good fight!
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Elie pfp
Elie
@elie
Wen coinbank?
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Carter | 🏳️‍🌈 pfp
Carter | 🏳️‍🌈
@incarterseyes.eth
Dark Brian when? https://i.imgur.com/E1ojUCz.jpg
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frdysk 🦠 pfp
frdysk 🦠
@fufuprophet.eth
The kind of info needed to be shown on people's feed, clear and concise, not some cryptic phrases filled with jargons. 🫶
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Ben 🟪 pfp
Ben 🟪
@benersing
Completely agree. Crypto is unfortunately an easy scapegoat for politicians looking to deflect public anger somewhere.
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Uncle Davo
@uncledavo
Tagging @unjumble for this to appear in today’s digest
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Jason — ⚪↑🎩 🧾 pfp
Jason — ⚪↑🎩 🧾
@jachian
Stark to see that become the narrative media wanted to push. Thanks to you and @dwr.eth pushing back on the misnomer
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July pfp
July
@july
https://i.imgur.com/asvBrHD.jpg
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kiki 🍥 pfp
kiki 🍥
@futurefae
Is this really Brian? The account isn’t verified.
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Ian Place pfp
Ian Place
@ians-place
Exactly! The USDC de-peg in particular was simply not a run on USDC and instead a run on the banks that custodied collateral. Somehow the narrative has flipped despite the reality. Over time the crypto industry will continue to validate itself despite the inaccuracies that shaped public sentiment and narratives.
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