[jqpabc123]

Banks earn money by investing and making loans.

As a result, they don't have enough readily available cash to fully reimburse every depositor. This is called "fractional reserve" banking.

The backstop in the USA in case of a bank run is FDIC insurance --- as applied in the case of SVB.

The FDIC also applies rules and regulations to member banks designed to limit and mitigate the reasonably possible effects of a bank run.

Crypto has none of this.

[jasontester45]

I just made this account and this is the first topic I seen. It's an interesting theory. I think that cryptocurrency is the future of all governments currency and I like the idea. I'm a business grad and my gf is a investment baker specializing in cryptocurrency. My question is if I could do this would you be willing to put your money in a account at my bank? This is basically what you pay a investment banker to do. I just wonder if people would want to use this service. I personally like the idea and probably would use it. Cryptocurrency has been on a huge bounce back and will continue to rise.

[jqpabc123]

My question is if I could do this would you be willing to put your money in a account at my bank?

This investment banker stuff seems like a huge waste of time and effort.

In fact, so does working for money when anyone can just make the stuff out of electrons. This is the promise of cryptocurrency. I hear it is on a huge bounce back and will continue to rise --- expect BTC is currently down about 4.5% from yesterday.