s3x_JAY on Nostr: This aspect of banks was explained really clearly in the classic Christmas movie ...
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.
Published at
2023-06-19 22:14:03Event JSON
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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.",
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