The bottom line is people do not want to "loan the bank their money"
People want a "digital safe" that they can hoard all of their wealth and transfer it to others with the swipe of a card or push of a button.
Banks pretend to be this service but in times of crisis like these, the man behind the curtain is revealed and the public learns again that banks are not keeping your money in a safe and they are lending it out.
The marker really wants something that is like Bitcoin - digital, bearer, and easily transferrable but ultimately they want the value to be stable against the dollar.
It sounds like the normie public kind of wants a CBDC-like product unfortunately.
itme_brain / ₿ryan | 👍BIP119 BIP176
npub173…9rdyt
2023-03-11 22:20:04
Author Public Key
npub17374whevgs040xkd48gr99g0xmpxd9snqt57dsfvtp0jcjt8yjeq49rdytPublished at
2023-03-11 22:20:04Event JSON
{
"id": "9350a8bfbb9bac5d2fb3a00708ad9b9f2daa10801dab6cab8bc293fca88ab20f",
"pubkey": "f47d575f2c441f579acda9d032950f36c266961302e9e6c12c585f2c496724b2",
"created_at": 1678573204,
"kind": 1,
"tags": [],
"content": "The bottom line is people do not want to \"loan the bank their money\" \n\nPeople want a \"digital safe\" that they can hoard all of their wealth and transfer it to others with the swipe of a card or push of a button.\n\nBanks pretend to be this service but in times of crisis like these, the man behind the curtain is revealed and the public learns again that banks are not keeping your money in a safe and they are lending it out.\n\nThe marker really wants something that is like Bitcoin - digital, bearer, and easily transferrable but ultimately they want the value to be stable against the dollar.\n\nIt sounds like the normie public kind of wants a CBDC-like product unfortunately.",
"sig": "742d253c0adebb1485e66e607a42059963da297376ad03ec2bca1b4dd873b560d7db6a165dd19b2dc1fea56aa4e705688c010863fc1c1d50a448d3cddc9e5fb1"
}