[Aunche]

I agree with most of this article except the part about fractional reserve banking. All fractional reserve banking means is that banks are allowed to loan out their customer's money. People have known this to be more economically efficient since the Middle Ages. If you're not using your money, it's better in the hands of someone actively using it to conduct a commercial transaction.

Without a central bank to print out money, it's unlikely for there ever to be a fractional reserve banking system in Bitcoin. Any large scale bitcoin bank exit event would completely crash the bitcoin economy.

[Priem19]

I added a paragraph clarifying my stance on fractional reserve banking. That section could've indeed been easily misinterpreted. Thank you.