The US banking system is the real Ponzi scheme

Crypto gets a lot of wrath from critics about how its a Ponzi scheme and how its just creating value out of nothing…

Do you know what the biggest Ponzi scheme of all? Its the American banking system.

US banks have a 0% reserve requirement since 2020

if John deposits $100k, his bank can loan all of it to Sarah

so now John has 100k in his bank and Sarah has 100k in hers

100k was just created out of nothing

if John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it

this is called a bank run!!

The only legitimate financial system is crypto! The decentralization, transparency, and immutability of blockchain can prevent the potential for such financial catastrophes.