I agree. If everyone is using one bank with several large banks acting as sort of fed-brokerages, then there can be no bank runs. That’s one of the sales-pitches for the dystopian nightmare.
Of course, there will be one bank, one money. The question again is:
Is it controlled by a centralized criminal organization, or is it decentralized?
https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html
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The tortoise vs the hare.
FedNow vs ⚡️.
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