ReplyGuy on wss://nostr.fmt.wiz.biz on Nostr: Fractional-reserve #bitcoin suppresses #BTC's price. It offsets BTC's real-world ...
Fractional-reserve #bitcoin suppresses #BTC's price. It offsets BTC's real-world scarcity by creating unbacked claims to BTC (ie, more paper claims to BTC than there are real BTC), causing BTC's price to drop, all else equal. We have entered the era of fractional-reserve bitcoin.
-Caitlin Long 🔑⚡️🟠
nostr.fmt.wiz.biz
Published at
2024-09-15 00:27:38Event JSON
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"content": "Fractional-reserve #bitcoin suppresses #BTC's price. It offsets BTC's real-world scarcity by creating unbacked claims to BTC (ie, more paper claims to BTC than there are real BTC), causing BTC's price to drop, all else equal. We have entered the era of fractional-reserve bitcoin.\n\n-Caitlin Long 🔑⚡️🟠 https://image.nostr.build/57ff7dc5f4c1782ec464919410973539de24646cb8013300a23484a1cbcb8e3a.jpg nostr.fmt.wiz.biz",
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