If your money isnβt actually in the bank, whatβs the point of even having a bank?
Discussion
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They do all the really hard technical routing stuff for us!!!
Exactly
To have a false sense of security with their Hollywood set brick and mortar locations.
No point
To provide a thin veneer between the public and the federal reserve
They do charity, too! π€‘
How else can you transfer money within 3-5 working days?
How else can you get a 0.05% interest rate on your savings to offset 7% inflation?
Doesn't work too well does it? And just think, people don't think they're losing money with the Federal Reserve Note (dollar). Seems to me they're losing about 7% a year right now. That's a contrived number too.. The Global Green Syndicate members at Treasury don't include Food & Energy in their calculations..
Social Norms
If my bitcoins are not on the exchange, why do we need exchanges?
To feed the illusion that we have any control over our own money.
CBDC's will be scary.
"fugazi, fugazi - it's a wazzy, it's a woozy"
The important part here is it was never YOUR money. Its always been the governments