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Scraped on 22/07/2025, 09:11:26 UTC
Quote from: LoyceV on July 22, 2025, 08:00:41 AM
Quote from: kanftka on July 22, 2025, 07:56:16 AM
That's one step away from fractional reserve Bitcoin: someone deposits 1 Bitcoin, someone else borrows 0.95 Bitcoin and deposits it again, after which someone else borrows 0.9 Bitcoin and this keeps repeating until the bank owns everything because of interest.

I don't believe there will be any fractional reserve Bitcoin. If you can not double spend bitcoin, you can not have a factional reserve!... You can not lend out 1,000btc, just because you got 100BTC in your wallet. That's the beauty of Bitcoin! My Node will tell me if you got the real stuff, or not!

EDIT: A company here in AU just won a legal challenge to offer Bitcoin/Other shitcoin backed loans... i looked into it and it is something stupid, like 12% interest and only 40% of the fiat value!... GIGA BULLISH... not for me, that's for sure!.
Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 22/07/2025, 08:41:41 UTC
Quote from: LoyceV on July 22, 2025, 08:00:41 AM
Quote from: kanftka on July 22, 2025, 07:56:16 AM
That's one step away from fractional reserve Bitcoin: someone deposits 1 Bitcoin, someone else borrows 0.95 Bitcoin and deposits it again, after which someone else borrows 0.9 Bitcoin and this keeps repeating until the bank owns everything because of interest.

I don't believe there will be any fractional reserve Bitcoin. If you can not double spend bitcoin, you can not have a factional reserve!... You can not lend out 1,000btc, just because you got 100BTC in your wallet. That's the beauty of Bitcoin! My Node will tell me if you got the real stuff, or not!