@IAMAL_PHARIUS @binkle @sickburnbro Those same banks are the against side for cbdc. The initial design by the Fed effectively removes banks all together. The fed would mint with seignorage and banks would effectively sell fiat and buy cbdc for deposits. But, there is parity between the deposit and the coin but the coin, was not reserved as fiat and the bank has to sell assets to make the trade. Eventually and with a full switch to cbdc the bank would be very limited in how it could make profit. Most would cease to exist.