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bethecloud
1380 days ago
I guess centralized ponzi schemes are better:
https://www.federalreserve.gov/monetarypolicy/reservereq.htm...
1 comments
danielmarkbruce
1380 days ago
Capital requirements are still there. Banks taking deposits and lending it to people doesn't make something a ponzi. Having actual assets with real value and having the potential for liquidity problems is actually the
opposite
of a ponzi.
link