Karartma1
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November 04, 2017, 01:59:50 PM

https://www.youtube.com/watch?v=QrLr7MdyyLg

Confirmed @11:50 what I've always suspected to be true: fractional reserve shares (aka "phantom shares") in the U.S. stock market are real. I fkn knew it! That along with collateralized and even naked re-hypo liens on personal/corp shares exactly confirms why when the U.S. stock market crashes, it crashes so hard.... because of all the unwinding.

Yet another reason to stick with Bitcoin as one of the most important asset to have in our portofolio. We know Bitcoin dynamics while we don't know anything about the stock market world. I became almost fully invested in Bitcoin in the last years because Bitcoin value is way higher than anything else that I have.
Hence, for me an economic collapse would make me in good position knowing that Bitcoin will not suffer from "their financial economic crisis".

It's no coincidence Bitcoin was proposed in 2008 and launched in 2009

Quote
Coinbase
The coinbase parameter contains, along with the normal data, the following text

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
This was probably intended as proof that the block was created on or after January 3, 2009, as well as a comment on the instability caused by fractional-reserve banking.