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A comment on Cryptoeconomics: Paving the Future of Blockchain Technology. Parent comment

Re:Cryptoeconomics: Paving the Future of Blockchain Technology by EGreg on Saturday July 22, 2017 @10:29PM (#14830597)
That's not how fractional reserve lending works. Banks issue their own credit lines backed by Bitcoin. And you can't stop them from doing that.
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Re:Cryptoeconomics: Paving the Future of Blockchain Technology by solotronics on Sunday July 23, 2017 @12:41PM (#14833107)
I would argue that it's not really backed by Bitcoin since it isn't on the block chain. Who is backing the lending by sending real Bitcoins? The bank would never do that they would get scammed constantly.
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