Derek on Nostr: Step 1: Banks hold btc for customers. Step 2: Banks cant fractioneel reserve, or they ...

Step 1: Banks hold btc for customers.
Step 2: Banks cant fractioneel reserve, or they roll over when they do(bankrun).
Step 3: Banks service rates increase.
Step 4: Bank customers have an incentive to study cheaper options.
Step 5: race to the bottom. Banks restrain themselve or go out of business.
Game theorie plays out. Saylor is planning chess.