Fractional reserve is a plague.
Yeah well for that LN have to work in the first place. So it's more like an unusable trash than an IOU ATM.
We should make a fractional reserve crypto :D
It's called BTC and LN network.
The problem is not fractional reserve banking itself. The problem is that those who operate and patronize such an irresponsible system are insulated from its inevitable consequences.
Should have been entitled modern slavery system to be more accurate.
I'm asking seriously - can you find pros for the current fiat system and cons for the gold standard or they have only flaws?
if you can do fractional reserve with gold or BCH you can do it with whatever tokens you're talking about.