Forgot your password?  Comment: Re:The bitcoin federal reserve
(Score 1) 490  by Locomorto (#36176748) Attached to: Mint It
Yourself With a Browser-Based Bitcoin Miner  There is nothing
inherit bitcoin to force banks to keep a reserve, but neither is
there with physical cash. There's no reason a government
couldn't impose the same restrictions on a bitcoin bank
operating in it's country. Of course, bitcoin makes it easier to
run a bank like this, but it also provides a way for anyone to
check how much BTC they actually have in reserve.  Of course,
this isn't the only way to generate 'money' like that.
Admittedly my understanding of this is only basic, but I thought
most governments had given up trying to control the money supply
anyway? That they couldn't control it because there was always
new ways of creating cash substitutes?  For your second
question, each bitcoin transaction has a transaction fee
associated with it (which can be zero). It is up to each
individual miner to decide which transactions to inc