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SLP443 Conza - Clearing up Bitcoin Misconceptions

Stephan Livera Podcast

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Is Binance a Full Reserve or a Fractional Reserve?

The debate is raging about whether Binance fractional reserve are they, you know, so would you qualify that then as a bank deposit or a money certificate? In the case of FTX exchanges, does it turn on whether they actually have the coins? Yeah, great question. I've had these discussions with some fractional reserve proponents, free banking proponents who look at like striking the route. Okay, what's in the contract? But this is the often the the heated point.

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