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Service Discussion
Re: What is your idea about fractional reserve practice at bitcoin exchanges?
by
Nagle
on
19/08/2014, 03:20:21 UTC
Quote from: johnyj on August 19, 2014, 01:40:06 AM
So what is your opinion about this? Even if you auditing an exchange and make sure thei cold storage contains 50K coins, it does not stop them from creating 500K coins sell pressure using a fractional reserve ratio of 10%
It's a criminal enterprise.