SLP402 Pierre Rochard - Bitcoin Obsoletes Fractional Reserve Banking
Stephan Livera Podcast
00:00
Is There a Legitimate Roll for Credit?
If we were to exist under some kind of full reserve system, what roll do you see for credit? Yes, so am hypothetically. And i would back track into the gold situation, and i would say the same with gold. When somebody is depositing their bitcoin at a third party, they really are lending out those bitcoin whether regardless of what the terms of service say or whatever marketing says. Not your keys, not your bickoin, right? Am.
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