Author Topic: Is Fractional Reserve Banking a Ponzi Scheme? [BLOG POST]  (Read 5583 times)

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Offline roadscape

Great writeup, looking forward to plagiarizing it ;)
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Offline 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 ;)
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Offline Ander

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Saying that NuBits is like fractional reserve banking is a much better comparison than calling it a Ponzi. :)
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Offline 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.   
« Last Edit: January 16, 2015, 02:04:54 am by bytemaster »
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.