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I think a key point is that traditional finance/banking has far more buffer and dampening built into the system than crypto. Crypto seems incredibly rigid and b
by zydex 5y ago
I think a key point is that traditional finance/banking has far more buffer and dampening built into the system than crypto. Crypto seems incredibly rigid and brittle - so it works well until it doesn't. Crypto seems to work well for people that know what they're doing but it's no surprise that the majority of people don't. Far from a new insight but worth pointing out.
- jbverschoor 5y agoYes.. by regularly shutting down payment systems due to ” computer errors”. Banks have never had any data loss or hacks.. but online banking systems are offline regularly. Also, it’s kind of fun that certain banks have “data recovery” people who go out and try to gather 20+ year old info which was already present. Organizing a bank run is illegal.. but not with crypto
- londons_explore 5y ago> Organizing a bank run is illegal Is it? I don't see why I shouldn't be able to withdraw my cash from a bank, nor be able to tell others that I'm doing so and why... So what part is illegal?