> Then I can decide as a user if I want to hold my currency in a "bank" that loans out 70% of their assets, or one that loans out 10% of their assets. But but

> Then I can decide as a user if I want to hold my currency in a "bank" that loans out 70% of their assets, or one that loans out 10% of their assets. But but both of them are by the definition a fractional reserve bank. And I am (honestly...) not trying to be pejorative here, but it is delusional to think that customers would be better regulators of a fractional reserve bank (or a straight out scam that is just dressed up like a fractional reserve bank...) than separate independent bank regulator. (It may be time to call quits on this discussion as the HN pending comment algorithm seems to think that this is too dep:) Anyway, thanks, at least I think I have learned a lot (even if I haven't changed my mind on the future of BTC...))