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Re:It’s not still the early days of blockchain by WesternWind on Saturday January 15, 2022 @07:12AM (#29945786)
I mean a significant portion of the world's money is created by fractional reserve banking.
Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @07:31AM (#29945858)
Not just a significant portion, the vast majority of money in circulation is money created by commercial banks, not central banks. For example, in 2007, Euros issued by the ECB accounted for less than 15% of the supply of Euros (M1): https://en.wikipedia.org/wiki/Fractional-reserve_banking#/me...