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Fractional reserve banking is unavoidable in any economy. The problem is that people confuse IOUs with money. A problem that cannot be solved.
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Fractional reserve banking is unavoidable in any economy. The problem is that people confuse IOUs with money. A problem that cannot be solved.
I'm very ambivalent to the entire Cashu / eCash situation. I find it quasi-unsettling how parts of "bitcoiners" are rushing full steam ahead into fractional reserve shitcoinnery.
I mean imagine for a second if Roger Ver or Craig Wright was suggesting this.....imagine the howls from bitcoiners....yet here we are.....