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RE: Bank of Canada draws digital currencies lessons from history
Funny they think that fiat is supply constrained . Bitcoin is way more constrained. Also funny there are worried about counterfeiting, the one thing that isn't a problem.
Lastly as far as I know, no cyptos use fractional reserve, they are all 100% percent backed by themselves.
Also interesting is they make a big deal about not trading for par. There were very real information issues from town to town. With the internet most of these are resolved.