Post
Topic
Board Bitcoin Discussion
Re: How To Stop Bitcoin Banking; Give It A BitLicense In New York #bitcoinbanks
by
12inchdick
on 21/07/2014, 09:17:17 UTC
Do you want to ruin Bitcoin?
Because allowing fractional reserves would be a good way to ruin Bitcoin.
Too think off requiring 100% reserves as being anything other than one of the only positive requirements of these rules is nothing short of idiotic.

People should have a choice though. I would save 90% of my BTC in a "vault bank" and would take the other 10% and put it into a fractional reserve bank account hoping the interest payments made up for the risk.