AbstractEquilibrium on Nostr: Since this kind of thing does happen regularly, I don't find value in clinging to ...
Since this kind of thing does happen regularly, I don't find value in clinging to what such accounts **should** be. That's the kind of marketing propaganda that led us into the banking era we have today.
A customer gives a bank money; the bank promises to give it back later with interest. In every other context, we call these types of contracts "loans"
Published at
2025-03-25 17:55:43Event JSON
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"content": "Since this kind of thing does happen regularly, I don't find value in clinging to what such accounts **should** be. That's the kind of marketing propaganda that led us into the banking era we have today.\n\nA customer gives a bank money; the bank promises to give it back later with interest. In every other context, we call these types of contracts \"loans\"",
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