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Pull enough cards out, and the house will collapse completely. Ironically, an exchange may not be in actual danger at this moment, but they may recognize the c
by z9znz 4y ago
Pull enough cards out, and the house will collapse completely.
Ironically, an exchange may not be in actual danger at this moment, but they may recognize the coming (what's a word for worse than a winter?...), and they may decide to close up shop, use the failures of others as an excuse, and walk away with as many marbles as they can liquidate.
Yes this is a pessimistic view, but it has already happened many times in history (not just crypto).
- deleted 4y ago[deleted]