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But Bob has -1 gold coin in his bank account, so there is still only 1 gold coin. If Alice deposits her "new" gold coin into her account, the bank still has onl
by throwawayboise 6y ago
But Bob has -1 gold coin in his bank account, so there is still only 1 gold coin. If Alice deposits her "new" gold coin into her account, the bank still has only one coin. If Alice demands to withdraw her 2 coins, the gold bank won't be able to comply, whereas the fiat bank would just print another coin.
- beefield 6y agoThat's not how amount of money is calculated. If you did, you would end up with a funny result that there is no money at all. As all modern money is debt from someone to someone else.