Replying to Avatar HoloKat

That may be but there’s no possibility in my mind where everyone is in charge of safekeeping their money. Not by a long shot.
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Leo Fernevak 2y ago

I think he refers to having the mindset of everyone being their own bank.

When sufficient numbers of people are their own bank, there are no fractional reserve banking customers, and hence that type of banking is outcompeted.

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Leo Fernevak 2y ago

If the mindset that everyone should be their own bank makes sense to enough people, it won't matter that some percentages don't appreciate the point.