1. There's nothing to stop fractional reserve banking. Bitcoin is just a more convenient bearer instrument (more portable, divisible, verifiable than gold), so

1. There's nothing to stop fractional reserve banking. Bitcoin is just a more convenient bearer instrument (more portable, divisible, verifiable than gold), so if you don't trust a bank, it would be easier to opt out. 2. Personally I think fractional reserve banking is at very least problematic, because it leads to competitive advantage, but also eventual systemic collapse. (More about it: https://twitter.com/dpc_pw/status/1195932699141103618 https://twitter.com/dpc_pw/status/1195932699141103618)