Alice has a debt to Bob. For Bob that's an asset, for Alice that's a liability.
The denomination of the debt has a backing. That can be fractional or full, or, psychological.
Full or fractional reserve debt can be done with either bitcoin, gold, or any bearer instrument.
But each of these things has an addressable market, and practical limits on what size of that market it can occupy.
Yes it can be done, but it's complicated.
melvincarvalho / Melvin Carvalho
npub1me…t5c24
2024-11-22 16:25:23
in reply to nevent1q…v9ud
Author Public Key
npub1melv683fw6n2mvhl5h6dhqd8mqfv3wmxnz4qph83ua4dk4006ezsrt5c24Published at
2024-11-22 16:25:23Event JSON
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"pubkey": "de7ecd1e2976a6adb2ffa5f4db81a7d812c8bb6698aa00dcf1e76adb55efd645",
"created_at": 1732292723,
"kind": 1,
"tags": [
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"content": "Alice has a debt to Bob. For Bob that's an asset, for Alice that's a liability.\n\nThe denomination of the debt has a backing. That can be fractional or full, or, psychological.\n\nFull or fractional reserve debt can be done with either bitcoin, gold, or any bearer instrument.\n\nBut each of these things has an addressable market, and practical limits on what size of that market it can occupy.\n\nYes it can be done, but it's complicated.",
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}