Re:U.S. Launches Criminal Probe into Bitcoin Price Manipulation
by kevingadd on Thursday May 24, 2018 @09:16AM
(#17143653)
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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Re:U.S. Launches Criminal Probe into Bitcoin Price Manipulation
by hapnin on Thursday May 24, 2018 @09:35AM
(#17143794)
That regulation didn't work so well 10 years ago. Regulation is for us, not the big dogs.
Re:U.S. Launches Criminal Probe into Bitcoin Price Manipulation
by jnwatson on Thursday May 24, 2018 @09:50AM
(#17143915)
It worked fine. I don’t know what you’re talking about.
Re:U.S. Launches Criminal Probe into Bitcoin Price Manipulation
by hapnin on Thursday May 24, 2018 @10:03AM
(#17144042)
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.
Re:U.S. Launches Criminal Probe into Bitcoin Price Manipulation
by kevingadd on Thursday May 24, 2018 @03:07PM
(#17147229)
Fractional reserve banking is not what failed in the financial crisis. Multiple things failed, including credit ratings, mutual funds/pensions/etc investing in high risk investments, etc. The biggest risk people think of for fractional reserve - they won't have the money when you need it, a run on banks, etc - didn't really happen in the states in any significant fashion.