if you're opposed to fractional reserve banking, you're essentially also opposed to bank loans.

banks aren't so different from crowd lending platforms. you deposit money and earn interest on it from loans given by the bank to other customers on your behalf.

the difference is that the bank takes a higher risk because you may ask to withdraw at any moment, such as happens during a bank run. most banks have guarantees from the central bank for such occasions.

if banks couldn't lend your money to other people and take a cut, they'd be charging you just to have an account. (maybe your bank charges for that, but most will only charge you for things like debit cards, transfers to other banks and overdrafts.)

It helps you understand that we all have bubbles that we live in. Sheltered from other cultures where they solve their problems in different ways. And that works for them just as well.

Did you talk about what is insuring those FDIC insurances? Nobody talks about that.

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.

Hahah 🔥

Lmao! I appreciate all you butters from another mother.

Installing a red light sauna at home. 🏮

Be honest with me please:

Should I wait until I have whatever equipment I need to put out a professionally executed podcast before I start? Or should I use what I have and quality improves gradually as I acquire what I need?

Is everyone having fun staying poor again 🤣

Zapped your zap to Will 🫂⚡️

Show your appreciation for Will and zap him back alive ⚡️🫂🧡

#[0]

That’s a good thing.. as it grows though…🤷‍♂️👍

I had this discussion about wrapped foods in different cultures being pocket foods for working class. It's rice balls in Japan 🍙

How to end world hunger:

1. Create 1 npub for the homeless in your area

2. Set up a live stream camera on a vending machine

3. Fill the vending machine with non-perishable food

3. Hook up the vending machine to zaps⚡️

4. Start a livestream on nostr of your vending machine

5. Zap and Watch live, food being paid for by people around the world, for people in need

Market price for an ounce of cannabis