Presented without comment.

Reply to this note

Please Login to reply.

Discussion

🤣

So obvious it is even acknowledged by biased chatGPT so it must be true!

🤣🤣🤣

Accurate

This aspect of banks was explained really clearly in the classic Christmas movie “It’s a Wonderful Life” (1946, with Jimmy Stewart).

Point being banks, unlike Bitcoin, reinvests dollars deposited back into the community. So the money isn’t all available for withdrawal at a moments notice. That’s a good thing, not a bad thing.

If by "invested in the community" you mean "literally made up out of thin air and largely sent to hedge funds" sure.