Brunswick on Nostr: Operating a cashu or fedi mint with insufficient bitcoin backing isn't fractional ...
Operating a cashu or fedi mint with insufficient bitcoin backing isn't fractional reserve, it is theft. Fractional reserve lends out reserves, and those loans are assets held by the bank. Fractional reserve isn't technically theft because your account deposits are seen as loans to the bank.
Published at
2024-07-04 15:27:04Event JSON
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