Yes fractional reserve would have an effect on your purchasi...

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Kind-1 (TextNote)

2026-06-04T12:58:44Z

↳ 回复 Matt - Not Your Entropy, Not Your Coins (npub1l6scds4yv7xmcsmhqnhdy9sggm520q09lvts2m5mkvecgr2mmmeqsuj5rc)

Would their use of trusted third parties for custody and login have any effect on my ability to cold store, transact, mine and run a node?

Yes fractional reserve would have an effect on your purchasing power. It decimates it by a factor of x10.

Assuming that a good portion of Bitcoin already is fractional IOUs the current 60k should roughly represent 250k in fully backed Bitcoin without fractionally reserved third parties custodians.

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