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 ...
- 64.7k
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 ...
- 62.5k
5
votes
Accepted
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 ...
- 348
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 ...
- 17.4k
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 ...
- 50.9k
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 ...
- 5,243
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