Re:Nassim Taleb: Bitcoin failed as a currency and became a s...
by tonfa on Saturday April 17, 2021 @09:19AM
(#26844041)
> And it’s impossible with Bitcoin.
I'm sure bitcoin purist will hate it, but afaik there's a lot of btc being held at exchanges (e.g. coinbase).
Technically instead of holding BTC there, you could be holding cBTC (value in a coinbase btc deposit account) and coinbase could issue cBTC loans similar to banks.
(The issue is that there's no backstop like in the real world, where central bank can step in as lender of last resort to avoid bank runs)
I'm sure bitcoin purist will hate it, but afaik there's a lot of btc being held at exchanges (e.g. coinbase).
Technically instead of holding BTC there, you could be holding cBTC (value in a coinbase btc deposit account) and coinbase could issue cBTC loans similar to banks.
(The issue is that there's no backstop like in the real world, where central bank can step in as lender of last resort to avoid bank runs)