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RE: Banks Are Crooks, Inventing Money as Loans to Profit on Interest Payments

in #banking7 years ago

There will be people who dont pay so thats where the concept of interest and bail outs come in. There are also running costs. For bidbots, its a different story because they are charging for assigning money from reward pools. I wrote a post on bid bots last night that you might find interesting :https://steemit.com/crypto/@mightypanda/bid-bots-for-noobs