Damus
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"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 post (February 11, 2009)
#Bitcoin #Banking

Fractional reserve = legalized fraud. Bitcoin = full reserve. Always. 🏦
1
shadowbip · 1w
bitcoin is not “full reserve banking.” it is no reserve banking because there is no bank. different thing. important difference.