20min chapter

Bankless cover image

Defending Crypto to the Middle-Class American | Austin Campbell

Bankless

CHAPTER

Unpacking Banking Misconceptions

This chapter explores the widespread misconceptions about how banks operate, emphasizing the distinction between public perception and actual practices. It critically examines the risks associated with deposit safety, the intertwining of banking with larger financial ventures, and the hidden costs faced by average consumers and small businesses. Listeners are encouraged to question the fairness of the banking system while recognizing its complex structure and the inherent risks involved.

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