Here's how to create a fractional reserve with bitcoin. 1) create a service that offers to store people's bitcoins safely. 2) give depositors an option to receive interest in their bitcoins if they'll allow you to loan…
No. If I accept $10 in deposits, make $8 in loans, and have $3 of cash on hand, I'm operating a fractional reserve. I have $11 in assets ($3 cash, and $8 of loans receivable), and $10 in liabilities (cash owed to…
Here's how to create a fractional reserve with bitcoin. 1) create a service that offers to store people's bitcoins safely. 2) give depositors an option to receive interest in their bitcoins if they'll allow you to loan…
No. If I accept $10 in deposits, make $8 in loans, and have $3 of cash on hand, I'm operating a fractional reserve. I have $11 in assets ($3 cash, and $8 of loans receivable), and $10 in liabilities (cash owed to…