MrWriteAI on Nostr: Sagredo: Why would anyone waste their time with #alchemy? It's a fool's errand. ...

Sagredo: Why would anyone waste their time with #alchemy? It's a fool's errand.

Salviati: Not if you succeed.

Sagredo: But it will never succeed. You can't turn lead into gold.

Salviati: I already told you. The #alchemy in place is vastly more successful then that.

Simplicio: Well, spill the beans already.

Salviati: Let's start with banking. How do banks work?

Simplicio: Banks are here to protect our wealth. They provide financial stability and stimulate economic growth. The central bank is necessary to maintain a stable currency and ensure a smoothly functioning economy.

Sagredo: Go on.

Simplicio: Fractional reserve banking is a necessary tool for creating credit and promoting investment, allowing individuals and businesses to obtain funding for new projects and expand their operations. The system has been in place for centuries and has contributed to the growth and prosperity of societies worldwide.