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Comment: Re: Surely this sort of thing is better than Bitco (Score 1) 196

by Meneth (#43684539) Attached to: ATMs Compromised, $45M Taken

The problem is that if Bitcoin takes off, banks will still treat it like regular currency. Once you make a deposit, the bank will add it to a pool, and withdrawals will come from that pool. Your account holdings will still be a decimal formatted number in a database somewhere.

Not with Bitcoin. Sure, they could use a pool, but that wouldn't do them any good.

The reason for the pool is called Fractional reserve banking, and that's impossible to do with Bitcoin.

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