BTCGandalf on Nostr: So now we have a fractionally reserved banking system but with 100% depositor ...
So now we have a fractionally reserved banking system but with 100% depositor protection.
The banks can fuck around with your money and if they win, they win. If they lose, the government picks up the pieces and makes depositors hole.
Published at
2023-03-13 16:18:04Event JSON
{
"id": "adca9317cb2d5a52e12778af82130cf10785eb1334547d1a95e9f51a7fdd8c6d",
"pubkey": "ee0e01eb17fc6cb4cd2d9300d2f8945b51056514f156c6bc6d491b74496d161a",
"created_at": 1678724284,
"kind": 1,
"tags": [],
"content": "So now we have a fractionally reserved banking system but with 100% depositor protection. \n\nThe banks can fuck around with your money and if they win, they win. If they lose, the government picks up the pieces and makes depositors hole.",
"sig": "39a0000b288b3e3ea7b91aa3044ba0dc13de7ae7014becb5055379cd4e894f6199b583e6a2ad8395c3e7c9528714c82b034d79081a0d59cef9eedeb35059a534"
}