Replying to Avatar Brian

There is a place for trust and community in a decentralised world.
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Max 2y ago

In fact it is a hard requirement to achieve any resemblence of scale.

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Brian 2y ago

Depends what you mean by scale, small and replicable can also be at scale.

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Max 2y ago

Scale of Bitcoin as a money, ie most liquid media of exchange.

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Brian 2y ago

It’s still liquid if you can move in and out of it easily.

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Max 2y ago

Instant redemption of money substitutes at par to base money ensures the trust in the money warehouse can be reduced, bank runs are always imminent, thus banks are incentivize to keep full reserves.