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We did fractional reserve banking w/ the gold standard. There is no reason you couldn't do fractional reserve banking on top of bitcoin, with the bitcoin replac
by krschultz 12y ago
We did fractional reserve banking w/ the gold standard. There is no reason you couldn't do fractional reserve banking on top of bitcoin, with the bitcoin replacing gold.
- zanny 12y agoI don't mean you cannot do it, you just cannot obfuscate where the money goes, since you can trace bitcoins across the block chain unless people are actively and intentionally diluting them, in which case you know where the paper trail ends and thus who was doing that.