"Banks exist on the basis of trust. They are really just, don't take this the wrong way, sophisticated Ponzi schemes. And they work when everybody trust each other." - U.S. Senator John Kennedy

submitted by /u/sandakersmann [link] [comments]

source https://www.reddit.com/r/btc/comments/138w7xf/banks_exist_on_the_basis_of_trust_they_are_really/