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/biz/ - Business & Finance

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11255671 No.11255671 [Reply] [Original]

how do i start my own bank so that i can generate wealth out of thin air by loaning to people with money i don't have

>> No.11255698

become a loan shark but you're almost certainly too pussy to do that

>> No.11255721

>>11255698
loan sharks can't create money out of thin air you dumb cunt

>> No.11255793

What would the daily routine for the Federal Reserve Chairman look like? You think that during a recession he just sits in his office throwing darts to decide which company will get bailed out?

>> No.11255818

>>11255671

fork MakerDAO Create your own stabletcoin backed by your own cash assets. Whenever someone wants to loan money, notarize the agreement on the Ethereum chain. Make them pay you back in stablecoin by paying you back their loans. If they do not, take them to court.

Crytobanking 101

>> No.11255836

>>11255818
And what prevents me from taking the loan and going to some place they can't sue me?

>> No.11255850

>>11255836

Literally nothing. But it depends on the loan, if I loan you 1 million and you dissapear, I will try to find you and sue you just as hard as any other bank would do. However, yeah...nothing stops you. But that is one way to start your own bank.