KMFJD
Lifer
- Aug 11, 2005
- 33,596
- 53,841
- 136
Who is this fucking weirdo?
australia's greatest social commentator since Nick Adams had to tone his shit down when he became US Ambassador to MalaysiaWho is this fucking weirdo?
Am I missing something? Isn't the whole premise of fractional reserve banking that banks dont need to cover 100% of all deposits at all times, thus allowing them to make loans/investments and further economic growth?
You are not their audience. They are speaking to the lower educated internet users who may not have any crypto in their assets or only a small fraction of their wealth stored in crypto. The cryptobro's wants to change this, and clearly some FUD is being served up in an attempt to reach that goal.Am I missing something? Isn't the whole premise of fractional reserve banking that banks dont need to cover 100% of all deposits at all times, thus allowing them to make loans/investments and further economic growth?
