Replying to Avatar Bitcoin Belle

The promise is only "as good as cash" if 1) the bank has the reserves to cover it, and 2) you've provided adequate proof that said money is not tied to any real or imagined crime.
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Max 1y ago

I'm not talking about private banks, but central banks, which by definition cannot go bankrupt because they can just print base money.

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Bitcoin Belle 1y ago

I'm working on slowing my roll. Thanks for taking the time to clarify.

Are there any private banks? Certainly none unfettered by government regulation. I guess I see the banking system like an octopus. Anyway, different conversation. 👋

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Max 1y ago

With "private" I mean non-central bank.