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...as well as any/all US Chartered banks/FCUs. See "Fractional Reserve Banking." Fidelis in Numeris
by ProllyInfamous 4y ago
...as well as any/all US Chartered banks/FCUs. See "Fractional Reserve Banking."
Fidelis in Numeris
- jqpabc123 4y agoSee "stable coins" --- particularly Tether which underpins more than half of all crypto trades. It's "fractional reserve banking" --- only worse --- minus any accountability or guarantee of solvency. Crypto solves all the problems of the Federal Reserve and banking --- simply by mimicing it for fun and profit. If you buy that, I've got some crypto to sell you.