Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Money’s Mostly Digital, So Why Is Moving It So Hard?" video.

  1. This video is really great, grasping the gradual evolution of money digitalization, the urgent need for it and all the benfits. But you are wrong in at least one point. Money does and need to be created from nothing in our modern FIAT System. And still it's all about double entry book keeping that even recorded money that is issued (only by government or by private banks in license of the government
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  2. I myself witnessed the slow death of checks during my apprenticeship as a bank clerk around the millennium year's 😉
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  3. The system even works fine without any private bank reserves as some nations already do it. This item is not of much relevance (anymore or never was, I'm not quite sure)
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