> As far as I know, at least in the US, the central bank is not involved in bank runs. The FDIC is involved if the bank fails, the central bank is involved to

> As far as I know, at least in the US, the central bank is not involved in bank runs. The FDIC is involved if the bank fails, the central bank is involved to prevent the bank from failing. So the central bank is very much involved in the prevention of bank runs. > That's the job of the FDIC, which doesn't print new money, it keeps a reserve from funds levied upon private banks. That reserve is a small fraction +/- 1% of deposits. > All of which could certainly exists in a Bitcoin world. An FDIC-like institution could exist in the Bitcoin world, however, the central bank powers as well as bank's power to increase the bitcoin supply at will could not. For better or worse, this would put us back in pre-fed banking world prior to 1913.