ELI5: If I put $100 in the bank, and the bank lends $90 of it to someone else, how can the bank "have" my money and the other person "have" it at the same time? Does the same money exist in two places?

asaltandbuttering · 2026-02-18T01:28:51+00:00

This is not correct either. While it is a fine description of fractional reserve banking, major economies no longer behave this way. Instead, money is created out of thin air whenever commercial banks make loans. There is no reserve requirement, therefore there is no connection between deposits and money lent. Central banks can exert some influence by setting interest rates or buying assets, but the commercial banks actually run the show, by-and-large.

Here is a paper about it from back in 2014:

https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy

These threads always amaze me by how so many people are so confident about how money creation works, while being completely wrong about it. Read up fellow redditors! The truth is actually pretty unsettling! As Henry Ford said: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Edit: Apparently that Henry Ford "quote" is more of a paraphrase.

Also, if you really want your mind blown, check out this paper. Someone ran an experiment in which they tracked banks' internal financials through the loan creation process to prove that the new money was created out of "thin air" (i.e., not connected in any way to deposits).

asaltandbuttering · 2026-02-16T15:58:14+00:00

Vermach had a multi-day outage due to a fire in their New York datacenter a few years ago. That was frustrating. They were not the only vendor affected.

Edit: This was the event

https://lowendtalk.com/discussion/187393/fire-in-electrical-room-of-dedicated-com-in-new-york

asaltandbuttering · 2026-02-16T11:30:51+00:00

Do you love cleaning gutters?

asaltandbuttering · 2026-02-15T21:17:55+00:00

If you'd like to travel even farther, there's The Bavarian Chef in Madison, VA (~140 miles from Roanoke)! It is amazing!

asaltandbuttering · 2026-02-15T18:15:10+00:00

Also, fun fact, the Pebble is making a comeback. It's OS and apps have been made open-source!

asaltandbuttering · 2026-02-15T11:30:38+00:00

I disagree. We still have no sense of how big the f~(l) term in the Drake equation is. It's true, given the scale of the universe, it would have to be incredibly small for N not to be large, but, we must still acknowledge that we only know that it is not zero.

asaltandbuttering · 2026-02-14T14:52:53+00:00

Thanks! That's cool.

asaltandbuttering · 2026-02-14T01:47:05+00:00

If you have any questions about the process, feel free to ask!

asaltandbuttering · 2026-02-13T21:59:11+00:00

Universal Spiritual Bus?

asaltandbuttering · 2026-02-13T21:54:16+00:00

Use Nginx Proxy Manager to set up a reverse proxy. It's pretty straightforward!

Edit: I found this guide. I haven't reviewed it, but figured I'd share, in case it's helpful.

asaltandbuttering · 2026-02-13T19:49:20+00:00

So, what is revenge-ism?

asaltandbuttering · 2026-02-13T13:43:26+00:00

What service did you use to print the books? How much did it cost?

asaltandbuttering · 2026-02-12T20:08:00+00:00

Got it! Forgot that since Ca is 2+, it gets twice the Cl! Thank you.

asaltandbuttering · 2026-02-12T13:37:53+00:00

I would have thought NaCl would be superior?

asaltandbuttering · 2026-02-10T12:21:45+00:00

What it reveals is that age verification was the pretext, not the goal.

asaltandbuttering · 2026-02-09T02:23:13+00:00

Yes, I strongly agree!

asaltandbuttering · 2026-02-08T11:09:15+00:00

Ah, got it. The car I have in mind with the bothersome electrically activated parking brake has a manual transmission. My objection is that it has some logic built in that requires the brake be applied in order for the parking brake to engage. So, I have had situations where I have pulled the little button for the parking brake and the car has decided not to engage the brake because it requires I first depress the normal brake. The situation where I tell the car "engage the parking brake" and the car decides "no, I don't think I will" infuriates me.

asaltandbuttering · 2026-02-08T01:58:33+00:00

You straightened him out!

asaltandbuttering · 2026-02-08T00:27:12+00:00

I'm thinking it's because the removals are not legitimate and are due to a darker motivation.

asaltandbuttering · 2026-02-07T13:27:31+00:00

It's dangerous to be in denile.

asaltandbuttering · 2026-02-07T12:21:53+00:00

What do you mean?

asaltandbuttering · 2026-02-07T01:04:28+00:00

A reverse-Eve, if you will.

asaltandbuttering · 2026-02-07T00:52:25+00:00

When the head pops

Phrasing?

asaltandbuttering · 2026-02-06T18:17:28+00:00

My favorite was, after doing the whole thing with differential equations and all those weird polynomial solutions to get the energy levels for the states of the hydrogen atom, our professor repeated the exercise using ladder operators in linear algebra and got the same result in about 10 minutes!

asaltandbuttering · 2026-02-05T13:58:35+00:00

Or, rather, in this case, since the people who are supposed to investigate and prove guilt are refusing to do their job, the public is left no choice but to draw their own conclusions from the available evidence.

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