JackTheMimic on Nostr: More likely a failure of language. I listed several things that banks "do" When i say ...
More likely a failure of language. I listed several things that banks "do"
When i say a bank doesn't do anything i am referring to value created.
Banks leverage value entrusted to them to bestow value upon others. They nearly never return that value to the depositors because of material inflation. I know there's risk. It seems that is only something Saylor doesn't understand which is why many have panned him for that interview.
When i say a bank doesn't do anything i am referring to value created.
Banks leverage value entrusted to them to bestow value upon others. They nearly never return that value to the depositors because of material inflation. I know there's risk. It seems that is only something Saylor doesn't understand which is why many have panned him for that interview.