PhilRoss on Nostr: I believe the reserve requirements made it functionally impossible due to the cost of ...
I believe the reserve requirements made it functionally impossible due to the cost of holding enough capital to backstop. Just given the way banks work, it would have been very punitive and disincentivizing
Published at
2025-02-06 03:08:48Event JSON
{
"id": "ae610b46e78c77b6241007f739d542bd801a4508bb098c0d1f0c9459ff89a797",
"pubkey": "5d4ae49e284a95016e944ae5cffc928470c2c3d08dec4d24a972492378c982f4",
"created_at": 1738811328,
"kind": 1,
"tags": [
[
"e",
"ca902c7732887207b5dba7324d9f2439b634aab688e71c4698690e083554d1c1",
"wss://offchain.pub",
"root"
],
[
"p",
"4f4f82846698ff66ae5fa9fad4c0c4eb7823afb07fa9f54ea9d15f1217ae96cc"
]
],
"content": "I believe the reserve requirements made it functionally impossible due to the cost of holding enough capital to backstop. Just given the way banks work, it would have been very punitive and disincentivizing ",
"sig": "8998ef3840b6a25f62cf574de903f34f37124ba4d9834604387aa9bff264b257bc06bf73426c6dfde4ed92eb273f5ddf71fa040b9c88d1ba29db82a402f9d213"
}
