krisadams on Nostr: Hi Mark, I wrote a paper a while back that explains how a bank manages the risk ...

Hi Mark, I wrote a paper a while back that explains how a bank manages the risk profile of its portfolio. It would help you understand why bitcoin can’t have fractional reserve. I hope it helps, if you decide to read it.

A Credit Risk Analyst’s Journey into Bitcoin https://medium.com/@kris.john.adams/a-credit-risk-analysts-journey-into-bitcoin-c035ec86ba1