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Parasites_6102 | 1 years ago (raw) | export | reply | flag +4 
 Parasites won’t survive on #bitcoin standard.
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50c5c98c | 1 years ago (raw) | root | parent | reply | flag 
 Proof of work!
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geodesic | 1 years ago (raw) | root | parent | reply | flag +1 
 Banks will. WalletOfSatoshi is already showing us how corrupt banking will exist on the bitcoin standard just as corrupt banking exists on the fiat standard.
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Parasites_6102 | 1 years ago (raw) | root | parent | reply | flag 
 If they play rehypothecation games, they will eventually be blown away. 
On sovereign use case of #bitcoin people will automatically gravitate towards more easy to use services.
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geodesic | 1 years ago (raw) | root | parent | reply | flag 
 How so? Fractional reserve banking is already rampant, and there's nothing I can see about Bitcoin that will make that stop.
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Parasites_6102 | 1 years ago (raw) | root | parent | reply | flag 
 Try to short a deflationary asset, which is traded 24/7 globally, which is easy to self custody.
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geodesic | 1 years ago (raw) | root | parent | reply | flag 
 What that have to do with fractional reserve lending? If anything, that practice is more profitable with a deflationary asset