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A newly proposed money laundering law in the US Senate would ratchet up scrutiny and surveillance on bitcoin at a smaller threshold on Coinbase than dollars at Bank of America.
This article explores the concept of a promise with respect to banking and then contrasts this with Bitcoin in order to draw a conclusion to the question of whether Bitcoin is just another banking-like promise based system.
Fractional reserve banking causes a supply-demand imbalance, whereas Bitcoin equalizes people versus banks and big business.
