4 sats \ 0 replies \ @tomlaies 30 May 2022
This is just factually wrong. Demand deposits always involve two parties: One has a demand and one has a liability. E-money like e.g. Paypal is just a one sided SQL database. Deposits at the FED are not that.
I get what you want to say. And I agree with the general sentiment of that towards our sick monetary system. But the way you worded it isn't correct.
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2 sats \ 0 replies \ @JustDavids 30 May 2022
K
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1 sat \ 0 replies \ @iguano 30 May 2022
:O
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1 sat \ 0 replies \ @mallardshead 30 May 2022 freebie
Y