Billionaire TechGods hope to open a digital only bank in Columbus, Ohio. The group includes TechGod of War Palmer Luckey, TechGod of Spying Joe Lonsdale and Superior TechGod Peter Thiel.
Erebor, the people-less digital bank, will fill the void left by the collapse of Silicon Valley Bank. Really? Regulators are going to approve a new bank for the person who took down the old?
If it had been Apple Valley bank with regular folk the normal FDIC max of $250,000 would have held.
Erebor will be a crypto focused bank and hold stablecoins, also known as "the pretty." Thiel already has a Bitcoin Treasury gig with Anthony Pompliano's ProCap Financial.
Erebor's name has interesting roots.
Erebor is a churn play by Palmer Luckey who plans to employ 4,000 workers by 2035. Those people need a bank. Why not a captive one?
Update 12-6-25: Lonsdale said he wants to invest in Iran. Joe must be studying under the mullahs given his desire for public executions done by masculine leadership.
It's imperative to use all that information obtained from spying on U.S. citizens. Otherwise Uncle Sam may quit paying the TechGods billions.
