No second chances in Bitcoin banking, Saifedean Ammous argues

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14 hours ago

No second chances in Bitcoin banking, Saifedean Ammous argues — Bitcoin banking and full-reserve stance

Saifedean Ammous, an author and academic, described Bitcoin banking as a system for grown-ups that does not rely on central bank intervention to cover mistakes. In his view, only fully matched reserves can offer real protection, noting that free-market banking is equivalent to full-reserve banking. Ammous emphasized that in Bitcoin banking, there is no do-over button and no central authority to bail out participants.

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Ammous has previously promoted updates on bitcoin and Austrian economics through his mailing list. He also announced the launch of the first seminar for The Bitcoin Standard Online Course, scheduled for a Monday session earlier this year. These activities reflect his ongoing engagement with educational initiatives in the bitcoin sector.

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