> Yes, it would solve one type of problem. But nobody wants your solution because it’s an unreasonable trade off for everyone to solve an extremely rare edge case.

Can you explain why this is bad? People lived with hard-ish money systems for extremely long periods of time.

> The concepts of assets and liabilities are well understood in the business world. Banks aren’t “lying” and fractional reserve banking does not mean that banks are creating fake dollars. Liabilities have always been part of the equation.

I mean, it's really about how you define words.

Most people believe that they have money in the bank. When in reality, they have unsecured debt to the bank. Although to be fair, for most people that debt is backstopped by FDIC/NCUA.

But, of course, that unsecured debt is often referred to as money, so I can't really blame them too much.