Trusting someone else: Well we do this every day with money in the bank, with al... | Hacker News

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		midhhhthrow on Jan 2, 2023 \| parent \| context \| favorite \| on: “My PGP key is compromised, and at least many of m... Trusting someone else: Well we do this every day with money in the bank, with all the risks that come with it

reedjosh on Jan 2, 2023 [–]

And the guarantee of dilution. The banks are _securely_ creating debt based digital dollars they gain the interest on.

Since they're already practically minting their own dollars they don't need to steal yours.

And if for some reason the FDIC fails, then they effectively will have stolen your dollars.

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