> So, like private currency-printing banks before government monopolies (and like private banks, which subject to central regulation still create money though t

> So, like private currency-printing banks before government monopolies (and like private banks, which subject to central regulation still create money though they don't print currency), not like central banks. Yes, nothing prevents a crypto bank from "creating money" (aka lending) in the same way that a fiat bank does. Loan out your deposits. It's that easy. Not having it blow up on you in a run-on-the-bank scenario is the harder part than "creating the money". ;)