4 ms·
> Even if it's only backed at 50% (which would be really shocking to me) Is it shocking? Aren't traditional banks only backed by a tiny fraction of what they g
by gitgud 4y ago
> Even if it's only backed at 50% (which would be really shocking to me)
Is it shocking? Aren't traditional banks only backed by a tiny fraction of what they give out?
- whimsicalism 4y agoThey don't claim to be fully backed.
- gitgud 4y agoI'm saying it's likely they only have a tiny fraction of backing, the GP was saying they would be surprised if it wasn't at least 50% backed.