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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

CHAPTER

Cryptocurrency Is Anti-Fragile

Caitlin Long in Wyoming has been trying to stand up this new bank called Castodia Bank. She needs the federal reserves permission to enter the federal reserve system. The whole idea of her bank is instead of being fractional reserve where you have a zero percent reserve requirement, she would hold herself by charter of the bank to 108 percent reserves. As a result, if all the depositors pulled out their money, they would get their money as one would expect a bank would work.

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