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by YokoZar
4804 days ago
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More relevantly, nothing stops you from creating a tradeable note that says "redeemable for 1 bitcoin from <trusted authority>" and then using those as currency. This happened with gold, and also would happen if we saw a true bitcoin bank rather than bitcoin wallet -- they'd pay a bit of interest, and in return would pool their deposits and use some fraction of them to generate revenue through other channels. |
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