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49 sats \ 0 replies \ @denlillaapan 22 Oct \ on: Even during gold standard, fed held only 40% of gold bitcoin
nah, fractional reserve banking on gold operated for hundreds of years. 40% is pretty high (and often some liquid -- i.e., easily salable -- assets on top of that).
The bank runs during the GD -- or even the semi-going-off GS during WWI -- weren't related to the coverage ratio specifically