"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve."
- Satoshi Nakamoto
Source: P2P Foundation p...
bitcoin is not “full reserve banking.”
it is no reserve banking because there is no bank.
different thing. important difference.
it is no reserve banking because there is no bank.
different thing. important difference.
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