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Instead of having a vault with just 100M euros, it probably makes more sense economically to build a huge vault that can store billions of euros, and then charg
by javert 7y ago
Instead of having a vault with just 100M euros, it probably makes more sense economically to build a huge vault that can store billions of euros, and then charge people to use the vault.
- tempestn 7y agoAnd call it a bank. And as long as you're charging less than it would cost them to store money themselves at scale, that would work...
- javert 7y agoIt's not really a bank because you aren't making loans because interest rates are negative. If interest rates were positive, you would want to make loans, but then nobody would want to put physical euros into your vault in the first place.