stephanlivera on Nostr: You can have credit in a full reserve banking system, but it'll be very different to ...
You can have credit in a full reserve banking system, but it'll be very different to how credit works today.
Credit as it is today is fiat subsidised and backed. So it is artificially cheaper, it causes the boom-bust cycle, and it rewards insiders.
Published at
2024-09-19 07:58:42Event JSON
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"content": "You can have credit in a full reserve banking system, but it'll be very different to how credit works today. \n\nCredit as it is today is fiat subsidised and backed. So it is artificially cheaper, it causes the boom-bust cycle, and it rewards insiders. ",
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