3 ms·
With "fractional reserve banking", banks can create money with each loan. With bitcoin, if you want to create money, you have to work for it. Banks do not like
by 29athrowaway 5y ago
With "fractional reserve banking", banks can create money with each loan.
With bitcoin, if you want to create money, you have to work for it. Banks do not like that.
- QuadrupleA 5y agoWith Bitcoin, if you want make a transaction in the distributed database, you have to "work" to burn an ungodly amount of electricity doing useless busywork in giant data centers across the world. It's a cancer.