Replying to Avatar Daniel aka Bitcoin Gandalf

So now we have a fractionally reserved banking system but with 100% depositor protection.

The banks can fuck around with your money and if they win, they win. If they lose, the government picks up the pieces and makes depositors hole.
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⚡A C V⚡ 2y ago

Precisely. Good luck keeping inflation down. Banker gonna bank hard and loose. Gonna need 20% mortgage rates to keep a lid on it.

I hope you all already own your homes. It's gonna be impossible to afford now.

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