CheezeGrater 🇿🇦 on Nostr: Fractional reserve banking happens by itself if there are no laws to stop it because ...
Fractional reserve banking happens by itself if there are no laws to stop it because the people running the banks are incentivized to do it.
The difference between banking and Bitcoin is that Bitcoin does not try to fight human nature, it uses it to its advantage for the good of everyone involved.
Published at
2023-03-20 05:18:36Event JSON
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"content": "Fractional reserve banking happens by itself if there are no laws to stop it because the people running the banks are incentivized to do it.\n\nThe difference between banking and Bitcoin is that Bitcoin does not try to fight human nature, it uses it to its advantage for the good of everyone involved.",
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