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RE: When Did You Realize That You Didn't Own Your Money in Your Bank?

in #steemit6 years ago

They do make money off the very thing that we can do ourselves.

When the banks lend it to us, they are creating a ledger just like cryptocurrency. The difference is that the ledger is owned and controlled by the bank. With cryptocurrency, the ledger is not owned, it is shared, and is verifiable.