- cross-posted to:
- technology@beehaw.org
- enoughmuskspam@lemmy.world
- cross-posted to:
- technology@beehaw.org
- enoughmuskspam@lemmy.world
“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
Oh please. It ain’t complicated. I could write a ruby app in a weekend that would do everything a bank does. It’s just subtracting from one account and adding to another.
“Security?! Nah, the Russians are my best friends”
Ok, now let me present to you: Rolling reserves.