On: “They’ll Just Make It Illegal”

[landryraccoon]

The crypto bank that puts deposits to work can pay interest. The 100% reserve bank can’t. That’s how it competes.

Consumers will use it because they already use banks without 100% reserves such as Bank of America, HSBC, any current bank in the banking system...

[DennisP → landryraccoon]

Yes but banks are protected by the mechanisms I mentioned.