Re:The Bitcoin Blockchain Visualized in 3D
by tobiaswk on Thursday July 11, 2019 @03:50AM
(#20409831)
Couldn't the same be said about the US dollar? In fact there's no limit on that one. With the fractional reserve banking in place as todays standard the Federal Reserve just print more notes when needed to bail the banks. The whole system is based on trust. Trust does not scale well.
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Re:The Bitcoin Blockchain Visualized in 3D
by navigatesol on Thursday July 11, 2019 @07:04AM
(#20410627)
>With the fractional reserve banking in place as todays standard the Federal Reserve just print more notes when needed to bail the banks.
The Federal Reserve doens't simply print notes and drive them over to the banks. There's an asset exchange that takes place.