seha on Nostr: a banking system cannot be fractionally reserved and sufficiently decentralized at ...
a banking system cannot be fractionally reserved and sufficiently decentralized at the same time.
when fractional, reserves consolidate to the biggest banks.
with full reserves, banks big and small can all withstand a run.
Published at
2023-03-11 15:38:43Event JSON
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"content": "a banking system cannot be fractionally reserved and sufficiently decentralized at the same time.\n\nwhen fractional, reserves consolidate to the biggest banks.\n\nwith full reserves, banks big and small can all withstand a run.",
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