This aspect of banks was explained really clearly in the classic Christmas movie “It’s a Wonderful Life” (1946, with Jimmy Stewart).
Point being banks, unlike Bitcoin, reinvests dollars deposited back into the community. So the money isn’t all available for withdrawal at a moments notice. That’s a good thing, not a bad thing.
s3x_JAY / s3x_jay
npub1ve…738wt
2023-06-19 22:14:03
in reply to nevent1q…8p9r
Author Public Key
npub1veeqt66jt2j209y9nv4a90w3dej074lavqygq5q0c57dharkgw0qk738wtPublished at
2023-06-19 22:14:03Event JSON
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"pubkey": "667205eb525aa4a794859b2bd2bdd16e64ff57fd600880500fc53cdbf476439e",
"created_at": 1687212843,
"kind": 1,
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"content": "This aspect of banks was explained really clearly in the classic Christmas movie “It’s a Wonderful Life” (1946, with Jimmy Stewart).\n\nPoint being banks, unlike Bitcoin, reinvests dollars deposited back into the community. So the money isn’t all available for withdrawal at a moments notice. That’s a good thing, not a bad thing.",
"sig": "1d78e0ba8e4a9b98ef4646665631e68095ee1fbd496100164c4109abdf5140b0beeeaf64ee174d6f43464d5382cffe1b017c71a8590c5c5c0a477a91b6d4e6b4"
}