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GHOST 2y ago

It’s so weird to think that Circle’s stable coin USDC is in trouble because they put their money into a bank and the bank bought US Treasuries with it.

By normie standards they did the safe thing.

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Discussion

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BTCPorVida 2y ago

Such a thing of beauty.

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MattA 2y ago

Capital markets are FKT!

Fractional reserve banking is beyond FKT!

There are so many fissures in todays global systems.

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lucash.dev 2y ago

It’s more accurate to call it “fictional reserve banking”

Fractional reserve was in the good old days

be
Deleted Account 2y ago

normies will never learn unfortunately, they didn't learn in 2008., they won't now, and they will again in the future put their money in someone else's hands

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BlissHodl 2y ago

Bitcoin Karma is strong ✨