The fractional reserve banking system
Is built on an unstable foundation where
Not all depositors can access money freely.
Since banks can lend more than they have
This regularly leads to credit & asset bubbles
And then business failures during downturns
Therefore
Let’s move to a more stable system where
There is no central authority which people
Need to trust with their deposits, an open
And accurate ledger where everyone can
Simply verify that their money is secure
With Bitcoin this technology is available
Apr 14, 2023
Apr 14, 2023 at 11:19 AM UTC
The fractional reserve banking system
Is built on an unstable foundation where
Not all depositors can access money freely.
Since banks can lend more than they have
This regularly leads to credit & asset bubbles
And then business failures during downturns
Therefore
Let’s move to a more stable system where
There is no central authority which people
Need to trust with their deposits, an open
And accurate ledger where everyone can
Simply verify that their money is secure
With Bitcoin this technology is available
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