Quote:
Originally Posted by RummyBoy
Of course that would be the case in almost all banks, what with Fractional Reserve Banking.... I bet less than 1 in a 100 even knows what that is.
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There is no banking that would be banking if everybody could draw their moneys (loans to bank) at the same time. Well, unless banks could create money from thin air, as at least whateporn thinks. How much easier it would be if that would be the case.
It would simply be some kind of electronic safety box if it wouldn't be loan. Maybe there will be such services, Paypals and such are somewhat close to that. Against fee of course, at least in some form, for example Paypal takes quite big transaction fees.