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It's not in the spirit of decentralization to stop withdrawals

• dragontamer 4y ago
  It actually is. Smaller banks are vulnerable to bank runs. So a lot of banks during crisis (before FDIC / Centralized Banking in the USA) would close up to stop bank runs. Closing up shop during a bank run only made people angrier, and exacerbated the problem. What was invoked as a solution, was for every bank in the nation to be FDIC insured by the central bank. The smaller and more decentralized banks are, the more frequently the bank-runs are, forcing the small banks to close to protect themselves.
  • tomcat27 4y ago
    They are not banks. They are forex traders.