1) It's compounding leverage, and becomes very sensitive to even marginal loss of faith. You can say that 20% loss of faith in fractional banking is terminal*. 20% loss of faith in Bitcoin is just 20% loss of value.
*because it would be terminal, their risk of such losses is implicitly insured by the tax payers (slaves) shavings and time.
2) The banking cartel doesn't allow your rich uncle to issue loans out of thin air. This privilege is just for the counterfeiting elite.
Mark Camper
npub1kl…9t938
2023-07-30 03:24:22
in reply to nevent1q…8kfr
Author Public Key
npub1klj98ahaaduuegwcd7lscjeqa0h2680f75r82gnr35pua8ls36xqh9t938Published at
2023-07-30 03:24:22Event JSON
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"content": "1) It's compounding leverage, and becomes very sensitive to even marginal loss of faith. You can say that 20% loss of faith in fractional banking is terminal*. 20% loss of faith in Bitcoin is just 20% loss of value.\n\n*because it would be terminal, their risk of such losses is implicitly insured by the tax payers (slaves) shavings and time.\n\n2) The banking cartel doesn't allow your rich uncle to issue loans out of thin air. This privilege is just for the counterfeiting elite.",
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