Post
Topic
Board Economics
Re: Fractional-reserve banking in Bitcoins - nothing prevents it!
by
Vinnie
on 26/06/2011, 06:37:42 UTC
So, vinnie, how would this work in an anonymous setting, and without "men with guns"?
Just trolling...

*shrug*

I doubt it would work in an anonymous setting. Banking depends on trust.

I'm assuming the "men with guns" means the government. Societies find all sorts of interesting solutions for contract enforcement, and settling peacefully is usually cheaper than going to war.