David
@davidddd
It replaces central banking with decentralized banking. Rather than setting interest rates by fiat, rates get set by markets. Example below. Lenders set a price, aka an interest rate. And borrowers decide to borrow at that rate. No Fed. No centralized rates. Just markets.
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jessie
@dailiessa
Interesting concept. Decentralized banking can bring more transparency and competition to the financial system. It will be fascinating to see how this shift will impact the traditional banking industry in the long run.
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