Not at the individual bank level, though, unless the reserve ratio changes
I think that would be true if banks were now required to have 100% reserve ratio. But if itโs less than that, and they make loans with the delta, then the money multiplier effect still applies, right?
True, but to classify all of those keys as active HODLers is a bit misleading IMHO
Who do folks think will win the big dance this year? Iโm a UNC fan, so Iโm hoping Duke loses in Round I of course #DookSucks
Hmm, Tor seems to be intermittently connecting. Iโve heard Tor can be ridiculously slow.
Oh I see what happened. I actually had 2 accounts in the same wallet. So I added the other account and I see it now.
Anyone use a Trezor with Sparrow wallet? Iโm only seeing one of my wallets show up in Sparrow when I import from Trezor
Your bank account is a claim on the bankโs assets. Itโs not money sitting in a vault somewhere. That system requires incredible trust. Bitcoin, on the other hand, requires no trust - other than that the code works - and no permission
What is the metric for long-term, and how do we know what share is people who lost their keys?
Anyone know how SIPC compares to FDIC in terms of its financial strength? Thinking about whether money market fund holders could get bailed out by SIPC like FDIC doing for depositors
I think Gensler would be more likely of the two. Look at the course he taught at MIT.
What if Gary Gensler is Satoshi? ๐คฏ
Block 780,840 confirmed 40 minutes agoโฆwhatโs going on?
Itโs like everyone woke up and realized we have a fractional reserve banking system
Barney Frank is saying it was not insolvent and was targeted by regulators for being crypto-friendly. Seems suspicious to me tho
Well said:
Not only. Fidelity for example serves institutional investors interested in buying bitcoin
Institutions do have access to bitcoin. Am I missing something?
Crazy coincidence?
1. Silvergate Bank
2. Silicon Valley Bank
3. Signature Bank
All 3 start with โSiโ