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@piotr 1771431934

I think it has something to do with fractional banking reserve, which if I'm not mistaken is regulated by law.

Bitcoin Well @bitcoinwell · 2w

How money is created: Banks don’t just hold your deposits, they lend them out. That borrower deposits the money elsewhere, and it gets lent out again. Through this cycle, a single dollar can circulate through the economy multiple times, expanding the money supply far be Show more

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₿itcoin Makueni 🇰🇪 · 2w

Fractional reserve banking is just a legalized game of musical chairs. When the music stops, the taxpayer buys the chairs. Don't trust, verify. 💜

Bitcoin Well · 2w

FRB is just theft by other means. Being regulated doesn't mean its moral. In fact, most regulations are themselves immoral or just guarantee immorality under the guise of "law and order".