If Banks Did Not Exist It Would Be Necessary To Invent Them

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CC BY-NC-SA 4.0 License. Comic Transcript

B: Try to set aside your long-festering rage at cryptocurrency miners for a moment. The important thing here is that the community of miners are collectively responsible for ensuring that cryptocurrency transactions are legitimate.

A: “Collectively responsible?”

B: No cryptocurrency transaction can be written to the blockchain until enough members of that community vet and approve...