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testacular
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by
testacular
13y ago
And it's worth remembering that banks aren't the only institutions that make loans. There are a lot of businesses that extend credit (post-paid services, invoicing with net 60 terms, etc), which has the same exact macroeconomic e
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by
testacular
13y ago
No. They did not become a fractional reserve, they became insolvent. A large portion of the BTC community grossly abuse the term 'fractional reserve', and it's flatly wrong. Fractional reserves refer to liqudity, not solvenc