/biz/ - Business & Finance

>>52780060
Small potatoes.
The end game is the bank run to end all bank runs.
Boomers won’t buy my bags. They’ll sell me their home for a small piece of my bag.

>>52727876
I’m gonna skip the 20 questions and give you the rundown. Hopefully the moral of the story sticks with you.
Peasants were suckered in by the greed of interest payments on their gold. When their Shylock went bust, they’d just send them on a wild goose chase across the continent, through war zones, bandit country, etc. Maybe lose a horse, a family member or drown in a sinking ship along the way.
Or they could accept treasury notes and pass them on to any sucker desperate enough to accept them.

The best advantage of fractional reserve banking is it could make money exist in every branch at the same time. Whereas Hard money (gold/silver/copper) was restrained to the laws of physics.
Bitcoin fixes this.
>>52727796
Great jpeg homie.
Don’t worry too much. We all know Christ cucks have no soul (jk). You can either join the bank run or join the money changers on BSC.

>>52615662
A ponzi is where a middle man promises to pay old suckers with new suckers money, like social security.
Bitcoin just generates numbers on a strict schedule and records balances.
It doesn’t promise anything else. It doesn’t pay anybody anything.