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I do not think the situation is remotely comparable to the possibility of the banking system collapsing. Banks and other financial institutions exert leverage f
by Thrymr 3y ago
I do not think the situation is remotely comparable to the possibility of the banking system collapsing. Banks and other financial institutions exert leverage far beyond their market caps.
- whimsicalism 3y agoBut they are also extremely substitutable because they deal in the most fungible commodities ever made (deposits and dollars).
- layer8 3y agoThe good thing about AI is that it is substitutable by humans.