Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”
Create the bitcoin price tracker, nearcoin.
Just loan 3% more nearcoins out than can be supported by the member accounts on blockchain, and those loses measured to a quarter point precision.
Then run the fair traded S&L loans to(like owning Tesla) deposits matcher. Add prequals for scofflaw traders. At equilibrium it should be the case that folks carry no losses, except for the quarter point error.
What is happening is that the carried ledger losses are hedged, that forces losses onto the pit boss. Everyone would have shares in a currency bank with zero transaction costs and predictable, but small losses (like Tesla Stock) . The nearcoinstill tracks close to bitcoin, but not perfect.
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