Can’t be an existing bank, needs to be a new bank run without a jurisdiction
In my head anyway
ECash has little benefits when combined with traditional banking regulations and philosophies, KYC and fractional reserve basically kill all the potential benefits
Isn't the point of ecash that you can't get censored and it's private?
Yes, but to be valuable and stable the mint needs to be fully reserved, and the mint itself needs to be free from manipulation.
We agree with each other, I just think there isn’t a single brick and mortar bank in the world currently which could carry this vision.
custodia bank with Caitlin Long
they want to be a fully reserved bank but the Fed refuse to give them an account 😁
guess they are afraid of someone setting a standard that's not 100% fraud
