Is this a competitive approach? Most fractional reserve banks do not charge fees, because they need your money to play the game. Mints adopting that strategy will probably outcompete those charging fees.

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well fucknhell man

fees AND proof of reserves

There is no point in proof of reserves, if you don't have any proof of liabilities (outside of e-cash). It's just a tranquilizer for the uninformed.

people will pay fees to banks that provably have their money

so there is a point.