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2 hours agoYeah I think the adverse effect of handing an iPhone to a 10 year old in Atlanta, when that teen is still highly impressionable unrestricted and unsupervised access to the internet is far worse than handing a kid a Gameboy on which they can only game, or a Walkman on which the worst thing they can do is listen to Cardi B.
It won’t kill commercial banks because there’ll be limitations. Biggest is you won’t be able to take a loan from the central bank, which is the largest slice of the pie for any bank making money. They can also put other limitations, such as no non-EU transactions, or having a max limit per month.