Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
1696505
Topic
160362
Board
Beginners & Help
Re: Fractional reserve banking
by
World Commerce
on
28/03/2013, 23:39:59 UTC
Quote from: BitFutex on March 28, 2013, 08:40:20 PM
Is fractional reserve banking (i.e. lending based on a fractional reserve) incompatible with BTC?
Fractional reserve banking is inflationary money--Bitcoin is not. Bitcoin is not a bank. Bitcoin is incompatible with fractional reserve banking.