2 sats \ 1 reply \ @alpacachino 21 Oct 2022 \ on: WILL A FRACTIONAL RESERVE SYSTEM EXIST ON A BITCOIN STANDARD? | Bitcoin Magazine bitcoin
"Without getting into all the nitty gritty details, that’s the theory where people need to understand that fractional reserve, while being a bad thing, is not necessarily the devil."
Devil is in the details, and there are worse forms of evil in credit creation beyond deposits/loans and the M-multiplier.
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