Thought I was diving into Bitcoin, but ended up learning about social media and digital identity instead. Incredible, life-changing insights in this book (minus the Y2K confusion).
#Bitcoin #SocialMedia #Books
Effective for the reserve maintenance period beginning March 26, 2020, the 10 percent required reserve ratio against net transaction deposits above the low reserve tranche (32.4 million USD as of 1/1/2022) level was reduced to 0 percent, the 3 percent required reserve ratio against net transaction deposits in the low reserve tranche (640.6 million USD as of 1/1/2022) was reduced to 0 percent.
"I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop." – F. A. Hayek 1984