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If they fractional reserve too much then they risk going bust as they can't just print more bitcoin in the event of a bank run. Just like the good old days befo

by npoc 3y ago

If they fractional reserve too much then they risk going bust as they can't just print more bitcoin in the event of a bank run. Just like the good old days before central banking.

NotYourLawyer 3y ago
Print tether then. Same result.
- npoc 3y ago
  If you print tether it will only devalue tether and make the price of bitcoin (in tether) go up further.
  - NotYourLawyer 3y ago
    Tether is a stablecoin. It’s not getting devalued unless/until there’s a run on it and it goes tits up altogether.
    - npoc 3y ago
      If you print it you either devalue the underlying dollar (and therefore tether), or you risk a run just as you would if you printed bitcoin. You can't just print money without side effects.
      - NotYourLawyer 3y ago
        https://m.youtube.com/watch?v=xIAJl-wZElg https://m.youtube.com/watch?v=xIAJl-wZElg