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If you think the people that exchange BTC wouldn't lockdown immediately in the event of a run on BTC, I think you're being naive.
by tw04 6y ago
If you think the people that exchange BTC wouldn't lockdown immediately in the event of a run on BTC, I think you're being naive.
- Geee 6y agoMost bitcoin is not held on exchanges or in custody. "run on BTC" is not possible, because people already own their bitcoin. Also, exchange reserves aren't fractional, so there's no reason they would lockdown withdrawals. You can track the bitcoin reserves on exchanges here: https://cryptoquant.com/overview/full/247?window=day https://cryptoquant.com/overview/full/247?window=day
- geomark 6y agoWhat does a "run on BTC" mean?