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Bitcoin Discussion
Re: USD *is* a virtual currency
by
JoelKatz
on
11/07/2011, 15:12:01 UTC
Quote from: NizeGuy on July 11, 2011, 12:47:32 PM
Im pretty sure banks have whatever amount of currency they got somewhere as "real" currency. Coins etc.
Exactly. When you deposit $1,000 in the bank, they lock your $1,000 in the vault. They pay you interest out of the goodness of their hearts.