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Replying to Avatar R_tour

Banks have no “money” besides 10% from depositors. Banks own your house. If it’s paid in full, the government can still take it from you.

Bitcoin is the only property that you can truly own, without banks, and take it with you anywhere you go including your grave.

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Andy The Bitcoin Adviser 2y ago

10% from depositors?

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R_tour 2y ago

Yes. It’s the “fractional reserve banking” magic. Don’t even count on that 10% because it probably goes towards keeping the lights on.

https://www.google.com/search?q=fractional+reserve+banking&tbm=isch&sa=X&ved=2ahUKEwi8wMqXrfD9AhV5EkQIHXaGCYMQ0pQJegQIChAB&biw=375&bih=635&dpr=3

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Andy The Bitcoin Adviser 2y ago

Oh I know what it is, it’s just that it’s been 0% for a while now!

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Andy The Bitcoin Adviser 2y ago

https://mishtalk.com/economics/fed-policy-its-not-fractional-reserve-banking-its-zero-reserve-banking

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