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11913531 No.11913531 [Reply] [Original]

https://www.ccn.com/mastercard-wants-to-patent-a-fractional-reserve-cryptocurrency-bank/

Fractional reserve banking is one of the problems Bitcoin was designed to solve. Instead, bankers have decided to solve Bitcoin’s scarcity problem by applying Fractional Reserve to Cryptocurrency.

What do you guys think will happen?

>> No.11914240

Bump

>> No.11914471

They will do it and it will work for them until all btc are mined then their ponzi collapses.

>> No.11914493

whats the point? thats what weve been doing the past 40 fucking years+. why would we need more of that?

>> No.11914534

>>11913531
Where do you think fractional reserve banking came from? Banks realized no one bothered to come back for their gold so they could more certs than they actually held. Banks print money by doing so. If you don't like fractional reserve banking, you should formally recognize that currencies and the market are state-imposed structure and formalize this fact.

>> No.11914548

>>11914534
>could issue more certs for gold than they actually held
Fixed

>> No.11914574

>>11914471
That'll take like 40 years though.

>> No.11914620

>>11914574
in the case of fiat where they can just print more and more money it never ends.
if it takes 40 years to kill fractional reserve lending then so be it.

>> No.11914818

>>11913531
Price suppression due to artificial supply dilution duh. Just like silver.

>> No.11914831 [DELETED] 
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11914831

>>11914574
>>11914620
>>11914471
all btc can never be mined you absolute brainlets, I can't believe I share a board with you morons

>> No.11914851

>>11913531
All I think is that there is no single comfier and more diversified portfolio than Visa, Mastercard, and a handful of various coins. 40% Visa, 40% Mastercard, 20% crypto. Fuck my dick is hard at that long-term diversification. You literally cannot lose money.

>> No.11915004

>>11914493
we don't need it but the government does, otherwise you coud become rich or at leastt financially independent, and the jews can't let that happen

this could happen to any coin tho and if they start playing this game of issuing and selling fake paper bitcoins then people will start asking to see their wallets, it won't be as bad as gold because there are bigger costs for storing physical gold than your own bitcoins in your own wallet