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pishpash
on Dec 21, 2021
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DeFi risks and the decentralisation illusion
You make it sound as if the ability to create loans is an intrinsic property of banks, as opposed to it being a licensed monopoly granted to such institutions by the state.
llamaimperative
on Dec 22, 2021
[–]
Anyone can give out loans. Having enough capital to give out tons of loans simultaneously, though, is yes a semi-unique feature of a bank.
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