Chris Liss on Nostr: I think it’s already won, and they don’t know it yet, like they will try to ...
I think it’s already won, and they don’t know it yet, like they will try to fractionally reserve lend it, but when there’s a run, they won’t be able to get bailed out, and everyone will demand proof of reserves, and the fractional lending on which the system depends will no longer be possible.
The way it would fail is if everyone were to just fractionally-reserve lend it, and no one cared about the virtual infinite supply. But it’s too late for that.
Published at
2025-01-23 15:38:14Event JSON
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