[e-gold-list] Re: Frac reserve

[SnowDog]

> VC writes: "I don't understand why it's a bad thing to allow a 100% backed
> currency to be used as the basis for a fractional reserve banking system."
>
> It's pretty simple, it causes inflation.  [...]

Is it true, though, that GoldMoney will not ALLOW a third party to use
goldgrams as the basis for a fractional reserve gold bank?

Craig



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