this post was submitted on 20 Apr 2026
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[–] qarbone@lemmy.world 22 points 3 weeks ago* (last edited 3 weeks ago)

Plus the money is always in an account now, so it's always available for banks to leverage for their profit. Instead of only when the dollar is deposited.

In a cashless world, banks can just make up how much money everyone has, while trading with it. All of it is just numbers in a ledger that banks handshake on "moving" from one place to another.