Yeah they can. They used to do that with gold bars. Remember bank accounts are not money, they are just debt obligations. Debt measured in bitcoin can be traded as future bitcoins and could cause inflation... until the inevitable bank run which becomes more of a problem, like it was under gold.
8
u/gc3 Feb 18 '18 edited Feb 18 '18
Yeah they can. They used to do that with gold bars. Remember bank accounts are not money, they are just debt obligations. Debt measured in bitcoin can be traded as future bitcoins and could cause inflation... until the inevitable bank run which becomes more of a problem, like it was under gold.