melvincarvalho on Nostr: If you understand what bank credit is. It's a claim on the loan book (multi decade ...

If you understand what bank credit is. It's a claim on the loan book (multi decade mortgages) of the bank. Plus a small amount of cash and teir 1 capital, it ought not be surprising that ATMs dont pay out. This is the weakness of the custodial model. Everything works until it doesnt.