14 sats \ 2 replies \ @039882e461 26 Mar 2023 \ parent \ on: April fools Bank run. bitcoin
this is indeed a joke, but a lot of banks are fractional reserve banks, they do not in fact keep all of the money in your bank account, rather they loan it. If a large enough amount of people were to get their money out the banks would be in a very dire spot. The joke is the bank system itself
Come on guy, everybody knows what fractional banking is.
I'm not saying this isn't funny because I can't laugh about this subject. It isn't funny because there is no punchline in the end. That's why I'm wondering.
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Exactly 💯.
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