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0 sats \ 0 replies \ @standard_sats 16 Jul \ parent \ on: George Selgin Discusses Hal Finney’s Reference to Him and Free Banking bitcoin
No, Selgin is not a bad one.
We could figure out something with his works actually.
For Hosted channels, for ecash tech, for anything on top of Bitcoin but not exactly about onchain operations for end users.
Yes, he mostly mentions gold reserves and bitcoiners normally triggered by that but behind the scenes it is also notes of other banks, plus equity capital.
So 2% is just for sudden unusual withdrawal in gold.
Almost. It was a part of bi-dorectional trade system with satellites. This is why there were no inflation.
So far the only successful examples here are Bitcoin Beach and with some stretch Germany with its Einundzwanzig activity.