bitcoiners in 2014: our thing is so cool, it will kill fractional reserve banking bitcoiners in 2024: what if we enable banks to keep doing fractional reserve

No, they don’t have to rug everyone, the guardians/custodians just create more ecash tokens than there’s bitcoin backing it and the last one with the bag gets rugged as others can cash out This is my understanding

Why use something complex as ecash for this? They can already do this with ETF's, or start an exchange.