Comment by ethbr1
4 hours ago
That's not a loophole: that's literally the way fractional deposit traditional banking works.
The only difference is regulations -- banks have them; things labelled crypto don't (in the US).
4 hours ago
That's not a loophole: that's literally the way fractional deposit traditional banking works.
The only difference is regulations -- banks have them; things labelled crypto don't (in the US).
Thats not the same. The banking system doesn't just has regulations, it also has the state behind it.
And its a second layer: fractional deposit ONTO fractional deposit.
Bear Stearns and Lehman Brothers sure thought so.