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10 votes
Accepted

Does a segwit based side chain like the lightning network allow for fractional reserve?

A sidechain has its own blockchain which is coupled to the Bitcoin blockchain via a two-way peg. This allows tokens on the Bitcoin blockchain to be frozen in order to make new tokens available on the ...
Murch's user avatar
  • 75.9k
7 votes

Does a segwit based side chain like the lightning network allow for fractional reserve?

Craig Wright's statement is fundamentally incorrect. Craig Wright is often wrong; he spews nonsense and technobabble and doesn't seem to actually understand anything. First of all, the Lightning ...
Ava Chow's user avatar
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5 votes
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Which Bitcoin exchanges publish proof of reserves?

Several exchanges have published reports (OKCoim, Kraken) but Bitfinex is the only one I am aware of to offer real time proof of reserves with individual BitGo wallets. "The era of commingling ...
Brad Collins's user avatar
3 votes

How can loans work with bitcoin?

In Fiat Interest and Inflation cancel each other and promote borrowing and thats a healthy thing, but bitcoin economy a borrower has to fight against deflation and interest, if interest rate gets ...
chytrik's user avatar
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3 votes

Does a segwit based side chain like the lightning network allow for fractional reserve?

While the other answers have done a good job of explaining why the statement is misleading, I want to point out that it is technically true. Again, what he said was: This occurs because schemes ...
David Schwartz's user avatar
1 vote

How can loans work with bitcoin?

First of all I don't think it needs to be so binary (bitcoin or nothing). Fiat and lending will likely co-exist along with bitcoin. Additionally, what if instead of creating a business based on ...
m1xolyd1an's user avatar
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