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20 sats \ 1 reply \ @nullama 18 Sep 2022 \ parent \ on: Bank robbers become heroes amid Lebanon’s financial crisis bitcoin
Money in the bank is not yours. It's an IOU.
When banks receive your deposit, they lend it to someone else. They are required to keep about 10% only, while lending the 90% with interest to someone else. Here's an article about that.
It's the same as the Bitcoin in exchanges. Not your keys, not your coins.
Also, note that this can happen in any bank around the world.
Yes nice article
I was ironical tho aha
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