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What does this have to do with centralization? Decentralization doesn't preclude panic selling. Maybe it wouldn't be a "bank run" because everything would be ma
by ahepp 4y ago
What does this have to do with centralization? Decentralization doesn't preclude panic selling. Maybe it wouldn't be a "bank run" because everything would be marked-to-market all the time, but you could presumably still see your account become worthless in the blink of an eye, no?
- JoeAltmaier 4y agoGood question. Is it intrinsic to digital currency that it be in an exchange, and convertible to dollars? But it didn't go that way. If you want to trade/spend something that is in increments of tens of thousands of dollars, you have to have an exchange. Where all of the fraud, panic and crime happened. Because it was decentralized (no supervisory authority)