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“Bitcoin will be the high-powered money that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be...rare.” – Hal Finney, December 2010

🧐✅🧐🤔🚀🎯

This is exactly what Saylor is alluding to as well. And it seems extremely plausible.

Real world view vs fantasy world thinking.
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Azz 1y ago

If the ability to create a bank run doesn't exist, then Bitcoin will suffer the same fate as gold. Individuals at least need a lightning channel to a bank node to have permissionless access to control majority of their wealth. This will protect against large scale fractional reserve banking.

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nobody 1y ago

Agreed. Fractional reserved banking could be a death blow.

I was & still am concerned about that with the ETF’s. Fractional holdings in reserves changing percentages could significantly hurt BTC.