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As fraudulent as being able to lend at an arbitrary multiple of your reserves. A run the bank would bring it all down. Just like in real life.
by mrfox321 5y ago
As fraudulent as being able to lend at an arbitrary multiple of your reserves.
A run the bank would bring it all down.
Just like in real life.
- jqpabc123 5y agoJust like in real life. Real life has safeguards in place to prevent a bank run from "bringing it all down". Crypto has no safeguards.
- NicoJuicy 5y agoYes it does. In a flash crash, all the exchanges go down. Additionally, you can't redeem all your money at once ( except when you're musk probably)