> Bitcoin-backed banks will solve these problems. They can work like banks did before the nationalization of currency. Different banks can have different policies, some more aggressive, some more cons...
so both is true. we need static base money and elasticity in credit. i read somewhere that different policies and governance in different states killed the free banking era. maybe the most important thing for BTC as money is to create the credit layer similar to the base layer. oh man i feel there is a long way to go until BTC is money 😬
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