Written by Pierre Rochard (02/22/2013)
Narration by Jonathan Vaage

http://nakamotoinstitute.org/mempool/fractional-reserve-banking-is-obsolete/

Written by Pierre Rochard (02/22/2013) Narration by Jonathan Vaage http://nakamotoinstitute.org/mempool/fractional-reserve-banking-is-obsolete/

Fractional Reserve Banking Is Obsolete

On January 3rd, 2009, an anonymous computer programmer (or programmers) going by the name Satoshi Nakamoto mined the first block of the Bitcoin blockchain, kickstarting the world's first fully realized crypto-currency. Satoshi did not build Bitcoin in a vacuum, however. Instead he stood upon the shoulders of cryptographic giants and free software gurus. From Timothy C. May and the Cypherpunks to Richard Stallman, Nick Szabo and beyond, the foundations of Bitcoin were built by a distributed network of innovators seeking to use cryptographic and open source software to bring freedom to an unfree world. Bitcoin itself is only the beginning. The Satoshi Nakamoto Institute will learn from the past and build toward the future, through scholarship, community, and coding.

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Fractional Reserve Banking Is Obsolete

Fractional Reserve Banking Is Obsolete