/biz/ - Business & Finance

How do I get people to send me Monero?

1st and foremost, definitions and history. Banks operate like this: the general public deposit money into the bank. The bank says "Thank you for depositing with us, we will give you 0.01% in interest annually on your money, if you would like a higher return, purchase one of our Certified Deposits and we will give you a much higher interest rate." These CDs are your cash, locked up from withdrawal for a set period of time. With these deposits, banks loan out 90% traditionally, but as of the covid crash, its closer to 99%. If a depositor wants their cash back, the bank happily obliges, but if too many try to withdraw, there is no longer enough cash for them all. The bank is in a minor crisis, but still has assets to cover the depositors requests, those assets have to be turned to cash first. If there is a large chunk of depositors requesting cash too quickly, the bank has a liquidity problem, where assets must be sold to cover the withdrawals. If the bank still has no money after liquidating assets, well, the bank is bust, and depositors panic wondering if they can get their money at all. The Federal Deposit Insurance Corporation was created during the Great Depression to assure the public that if a bank went under, some of their deposits would be returned thanks to the Federal Government. The limit is currently $250,000 per account, and $500,000 for a joint account with a spouse. If your assets in a bank is less than $250,000, do not worry about the bank running out of money and going under, since it is insured and you are getting your money regardless.

>>28318184

>>27687229
but I'm so fucking close why can't I make it just a little bit come fucking on

Is this ALPP shit a meme or should I hop on on Monday

I always miss the fucking train

>>21472959
22 LINK? OP WHAT THE FUCK WHY DID YOU BUY SO MUCH ARE YOU FUCKING RETARDED