Stablecoins are the digital reincarnation of fractional reserve banking.

I’m here for the mutual annihilation that’s gonna come out of it

Aren't there the court-stablecoins, though, that will further perpetuate fractional-reserve lending?

Interesting. How does that work?

And yet Tether has been, and for all we really know still is, basically a fractional reserve bank.

Such a valid point it solves the transparency of anything that isnt 1:1 backed. A world without fractional lending is a sustainably prosperous one vs a gasoline fueled dumpster fire

lol sold your bitcoin buying shitcoins now?

How are they that??

moral analysis on the modern monetary system incoming in my book. Fractional Reserve Banking is one of the monetary gnostic’s favorite spell

What are your thoughts on this? nostr:note10wc4c4gqrtf8a9enlzdepz3fsku2lxpp6xuz3z4fr5zjua5yt6mqkffu6a

Yeah they wouldn't let that I Wyoming lady have her back that was going to have 100% dollar backed accounts with no fractions but they haven't been able to stop tether which is the same damn thing except even better

People seem to mean different things when they talk about the fractional reserve banking. What’s yours?

anything that is disruptive for central banking play is good for Bitcoin adoption

I fail to see how stablecoin adoption is an attack on fractional reserve banking. Can someone explain that one?

Stablecoins quietly the biggest expansion ever of fractional reserve banking, and Lyn is here for it

My understanding is that a stablecoin will hold 1 to 1 ratio of a currency to a token. Fractional reserve banking allows for commercial banks to create new money through loans where a bank can create debt up to 90%+.

Can you explain this Lyn? If you put a dollar in a bank it goes to state treasuries or to loans to businesses. If you put a dollar in a stable coin it goes to state treasuries . Both cases financing the somebody else debt