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by politician
5466 days ago
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It will be possible to audit BitCoin banks in a way that's not possible for today's banks. Specifically, transactions are public, although anonymous. Even so, it ought to be possible to perform a kind of traffic analysis against the public block chain to determine whether a group of addresses are participating in fraud (in the form of fractional reserve banking) given that initially a customer has to send their BitCoins to some address owned by the bank. |
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