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The term "too big to fail" means "gonna get bailed out by the govt". This does not apply to any decentralized system.
by alexb_ 5y ago
The term "too big to fail" means "gonna get bailed out by the govt". This does not apply to any decentralized system.
- zinekeller 5y agoDefinitely this is the major difference. Most governments will just say to everyone (especially the government of El Salvador) "we warned you!" and probably do nothing, unless that ther are powerful people that can convince otherwise.
- i_am_proteus 5y agoI'm inclined to agree, but if enough individual members of major governments are "bought in" to crypto currencies such that their own personal wealth would be at risk, things might be different. Not the case today, but things shift over time.
- aaaaaaaaata 5y agoI believe many are invested, and the fix is in.
- andruby 5y agoThat would be the ultimate irony. Cryptocurrencies getting bailed out by governments.
- aaaaaaaaata 5y agoThem not crushing Tether right now is exactly what you are describing.