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SLP402 Pierre Rochard - Bitcoin Obsoletes Fractional Reserve Banking

Stephan Livera Podcast

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Bitcoin, You Love the Framin Ne the Terms of Service

There have been moments in bitcoins history where people work very clear about this. So the obvious example is mountcox coins. There was a different price for golk coins than they were for coins on other exchanges. And we did not see those gox coins circulate as money, substitutes it. Those clearly did not devolve into fractional reserve banking. I'd argue, no, it's an insolvent business where creditors are trading, ah, you know, the liabilities at a discount. And that's not, fact n reserve a.

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