Custodial Wallets ~ Bitcoin to the Max
World Crypto Network
Rothbard's warehouse economics framework directly explains Bitcoin custodial systems: receipts are money substitutes, fractional reserve operations inflate money supply through uncovered receipts, and Mt. Gox demonstrates the inevitable insolvency. Natural market limits on expansion—client base size, confidence, self-custody alternatives—exist only if banks operate independently; cartels and unive

https://relay.towardsliberty.com/54b473778900f70fb2b9068371968bf4b726121df3eb15683cea92aa11817998.mp4
Dec 14, 2018