Comment by skeeter2020
4 months ago
Banks don't print money for each other, and if they get money for free it's backstopped by the government and hence all of us. Crypto wants this single aspect but none of the central regulation.
Both systems stink for those at the end of the chain, i.e. us; you can decide which one is worse.
Banks borrow from each other all the time. What do you think "overnight loans" is for? And when banks gives a loan that creates money