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originally posted by: JinMI
a reply to: toysforadults
Some folks do love them banks /shrug
And you're opinions about RIPPLE and xrp are severely misinformed. I think I saw you posting in the bitcoin sub reddit echoing the same.
originally posted by: seasonal
a reply to: intrptr
Bingo, the banks require hard assets as collateral for the fiat currency that was made up in the first place. So either you pay back the loan + interest with the fiat that you put real labor hours to earn or you fork over the collateral.
Banks do not loose. And what happens when everyone flips them the bird? President Bush and Co write big fat taxpayer checks to bail'em out. Oh then the very next year it is all at record profits again and bonuses all around...Except the tax payer.