Is Fractional Reserve Banking a Ponzi Scheme? [BLOG POST]

[roadscape]

Great writeup, looking forward to plagiarizing it ;)

[bytemaster]

Saying that NuBits is like fractional reserve banking is a much better comparison than calling it a Ponzi. :)

Yes... and it opened the door for me to call Fractional Reserve Banking a Ponzi ;)

[Ander]

Saying that NuBits is like fractional reserve banking is a much better comparison than calling it a Ponzi. :)

[bytemaster]

http://bytemaster.bitshares.org/article/2015/01/15/Is-Fractional-Reserve-Banking-a-Ponzi-Scheme/

I worked a full day coding prior to writing this article.  I find blog writing uses different mental energy than coding.   The light wallet is coming along nicely.   In the mean time I have a new article out about fractional reserves and ponzi schemes.