3min chapter

The "What is Money?" Show cover image

The Game Theory of Bitcoin Adoption with George Gammon (WiM280)

The "What is Money?" Show

CHAPTER

Is This Going to Eviscerate Commercial Banking?

The Fed would own all the mortgages, credit card debt and auto loans. That's kind of how I see the most likely scenario. The initial transaction would be done by the local bank and then they would pocket a commission. So there's zero risk, but they still make the same amount of money.

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