Because MtGox and FTX are what happen to those banks. Of course there will be fractional reserves from time to time. But it will be punished like it always has been.
Question: why is eCash not a Bank of Amsterdam circa 1781 2.0; you know, when it went from a money warehouse - settling payments by simple book entries - to issuing banknotes in excess of its money holdings; i.e. a fractional-reserve bank? nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt et. al. 🔶👀
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