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0 pointskevingadd7y ago0 comments

Fractional reserve is also regulated and deposits are insured up to a certain amount, so it's definitely not comparable to printing imaginary USDT - even if fractional reserve banking has many well-known issues.

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hapnin7y ago

That regulation didn't work so well 10 years ago. Regulation is for us, not the big dogs.

jnwatson7y ago

It worked fine. I don’t know what you’re talking about.

hapnin7y ago

Americans got screwed and no banking executives went to jail. It didn't work.

It's one of the reasons Bitcoin was created, per the first transaction in the blockchain.

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0 pointskevingadd7y ago0 comments

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hapnin7y ago

That regulation didn't work so well 10 years ago. Regulation is for us, not the big dogs.

jnwatson7y ago

It worked fine. I don’t know what you’re talking about.

hapnin7y ago

Americans got screwed and no banking executives went to jail. It didn't work.

It's one of the reasons Bitcoin was created, per the first transaction in the blockchain.

2 more replies

j / k navigate · click thread line to collapse