Preventing Fractional Reserve ~ Bitcoin to the Max
World Crypto Network
Full node operation embeds users in Nakamoto consensus, preventing on-chain Bitcoin inflation. Custodial exchanges (Coinbase, Mount Gox) issue paper claims rather than actual Bitcoin, enabling fractional reserve; true ownership requires controlling private keys. Education is the only lever against institutional fractional reserve, since users cannot force peers' custody practices.

https://relay.towardsliberty.com/1126e4b8b7dba84512d2a9f09a60b4150f9cd2e5272f88bdd1ff105869708352.mp4
Dec 19, 2018