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602

Hi.

So the big lesson for us on the right is that we need a parallel economy.

The goal of a parallel economy has only one majour roadblock: access to the banking system.

Does anyone have any deep understanding of how the banking system works and whether or not buying a bank buys you access to the banking system or whether or not that just buys you a building and the banking system can still cut you out?

Obviously, the future is quick transaction crypto (the only thing actually stopping a parallel economy), but I'm curious if there are any hard/fast answers to the above question beyond "the jooos".

Hi. So the big lesson for us on the right is that we need a parallel economy. The goal of a parallel economy has only one majour roadblock: access to the banking system. Does anyone have any deep understanding of how the banking system works and whether or not buying a bank buys you access to the banking system or whether or not that just buys you a building and the banking system can still cut you out? Obviously, the future is quick transaction crypto (the only thing actually stopping a parallel economy), but I'm curious if there are any hard/fast answers to the above question beyond "the jooos".

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[–] [deleted] • 1 pt

Just put up a building with a sign "I am the bank. Insert your cash, please" and apparently people will throw their money at you.

[–] • 1 pt

Yes. That is happening right now in crypto. The only difference between securities and fiat money is the issuer. Lots of people issuing their own ERC-20 tokens right now, which represent some kind of ownership. It's basically banking, investing, and money rolled into one.