Row 57261

Row ID: 57261 | Dataset Entry | Axioma AXP Content Repository

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The fractional reserve ratio you described shouldn't work because BTC is designed to be verified by the ledger 1:1. No ledger connects your paper with the assets being held in a bank. Which is why we had bank runs in the old days.

But loans can happen with or without fractional reserve. Bitcoin should be the end to the fraction part. Unless we let them "print paper bitcoin" which shouldn't work, on account of the ledger, though people will probably get sloppy.

FieldValue
text The fractional reserve ratio you described shouldn't work because BTC is designed to be verified by the ledger 1:1. No ledger connects your paper with the assets being held in a bank. Which is why we had bank runs in the old days. But loans can happen with or without fractional reserve. Bitcoin should be the end to the fraction part. Unless we let them "print paper bitcoin" which shouldn't work, on account of the ledger, though people will probably get sloppy.
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-23
username_encoded Z0FBQUFBQm5Lak1XOHdSc2NjRjIwb25RcUxINE1oY3k5RTQ5YU1vVjBNRWJNeU5FcDFYbjZWa1d2dmJscDlpa0t2cHUyX3hDSzZsTGM0QXRKVzI1ZkdINDZ3NnowVFM5UVE9PQ==
url_encoded Z0FBQUFBQm5Lak9tck9BSjNiWTFkU3BiZlg2TUxnQTU0ZDY1OTNsN2phWnJuNDNXckhFZGd1RWFxVTFfOXNPOUZUNm9vTDhweDJfNDB4cTdiRlFMd1lyOWlFaGZDYWJPMEF2ODJjRWVYQ2FNU0tlME9HM01PQU56VW94MXNtZ0ZNaXNMdzN2X0l5b2FjRldyZFVYZERMek1qNzRWMmNyNHFfamZEQlJoRVlGZHFiWUdEam40VEpyMUc0eGhkUk9xNUlUYm9DTkM3djZOdnJsMWowZXRKb004bmhZdXF6UDNTdz09

Raw Record

{
  "text": "The fractional reserve ratio you described shouldn't work because BTC is designed to be verified by the ledger 1:1. No ledger connects your paper with the assets being held in a bank. Which is why we had bank runs in the old days.  \n\nBut loans can happen with or without fractional reserve. Bitcoin should be the end to the fraction part. Unless we let them \"print paper bitcoin\" which shouldn't work, on account of the ledger, though people will probably get sloppy.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1XOHdSc2NjRjIwb25RcUxINE1oY3k5RTQ5YU1vVjBNRWJNeU5FcDFYbjZWa1d2dmJscDlpa0t2cHUyX3hDSzZsTGM0QXRKVzI1ZkdINDZ3NnowVFM5UVE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9tck9BSjNiWTFkU3BiZlg2TUxnQTU0ZDY1OTNsN2phWnJuNDNXckhFZGd1RWFxVTFfOXNPOUZUNm9vTDhweDJfNDB4cTdiRlFMd1lyOWlFaGZDYWJPMEF2ODJjRWVYQ2FNU0tlME9HM01PQU56VW94MXNtZ0ZNaXNMdzN2X0l5b2FjRldyZFVYZERMek1qNzRWMmNyNHFfamZEQlJoRVlGZHFiWUdEam40VEpyMUc0eGhkUk9xNUlUYm9DTkM3djZOdnJsMWowZXRKb004bmhZdXF6UDNTdz09"
}
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