RE: Warning: How Bitcoin and the Cryptocurrency Industry could be Defeated: Fractional Reserve Bitcoin

I don't think you read my post carefully enough. I am not saying that there's more than 21 million bitcoin on the blockchain. That is impossible. I'm saying that exchanges might be fractional reserving you if you don't force proof. In other words they put you down for X btc on their central database (call it fake bitcoin) and keep your fiat in something like Tether of DAI.