Replying to Avatar geodesic

Banks will. WalletOfSatoshi is already showing us how corrupt banking will exist on the bitcoin standard just as corrupt banking exists on the fiat standard.
Avatar
Financial Parasites 2y ago

If they play rehypothecation games, they will eventually be blown away.

On sovereign use case of #bitcoin people will automatically gravitate towards more easy to use services.

Reply to this note

Please Login to reply.

Discussion

Avatar
geodesic 2y ago

How so? Fractional reserve banking is already rampant, and there's nothing I can see about Bitcoin that will make that stop.

Avatar
Financial Parasites 2y ago

Try to short a deflationary asset, which is traded 24/7 globally, which is easy to self custody.

Avatar
geodesic 2y ago

What that have to do with fractional reserve lending? If anything, that practice is more profitable with a deflationary asset