Marc26z on Nostr: I get what you're saying, but think unemployment insurance is a better analogy ...

I get what you're saying, but think unemployment insurance is a better analogy because any bitcoiner can theoretically start accepting payments for goods and services of they become unemployed.

FDIC insures bank runs on banks that implement fractional reserve banking (which is basically all of them).

We can verify bitcoin has no fractional reserve by typing `bitcoin-cli gettxoutsetinfo`

I would say that comand is our FDIC insurance equivalent.

But yes, the circular economy is important.