tag:blogger.com,1999:blog-4683462122885965181.post9087918669550987732..comments2023-04-10T07:33:48.475-07:00Comments on Den of the Hyena: Banking on the PoundJennie Kermodehttp://www.blogger.com/profile/05749433298618601756noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4683462122885965181.post-4250941942628250972014-01-31T03:16:02.535-08:002014-01-31T03:16:02.535-08:00I.... yes it's a complex issue. We only need t...I.... yes it's a complex issue. We only need to worry about who our lender of last resort is if we continue to embrace fractional reserve banking. Indeed, if we use Bitcoin like you suggest, we can't have a lender of last resort because no-one can mine arbitrary amounts of Bitcoin instantly just because the banking system has overlent.Anonymoushttps://www.blogger.com/profile/09342222628097354479noreply@blogger.com