Haha, I didn't want to lead into that with my post, so as not to force my opinion on anyone, but you can guess my opinion on Fractional Reserve Banking from this line:
Though this makes Fractional Reserve Banking sound like a sort of "legal fraud/counterfeit," let's go through a full example to figure out why that perception of FRB is exactly right.
Federal Reserve notes are debt.
The US (or the world?) hasn't used money this century.
Exactly Mr. Mickey. Cryptocurrencies will likely be the solution to baseless money like this in the future.