«The consortium of 40 +
banks (known as R3cev) which aims to do just that will inevitably develop something which: is permissioned (for users and developers
like the apple app store), privatized, has fees, will not be entirely transparent to everyone, will not be open - source, it will definitely be inflationary to accommodate monetary policy of debasement and
fractional reserve schemes, it will facilitate negative interest rates, central control of accounts for suspension / freezing of funds, bail - ins, bail outs, capital controls and transactions will include the identity of both sender and receiver and store that information in a centralized location for the convenience of hackers.»
Just
like you said for Ponzi schemes «the only source of the so - called interest on the money was the contributions of future investors», for
fractional -
reserve banking the source of interest is the future profit made by lending the investor's money - to the investors themselves!