News about Bank Run

More / Bitcoin Reddit - 1 year ago

Organized Bank Run Idea - Comments Welcome

Anyone up for starting an organized grassroots bank run to expose the banks for the frauds they are? One way to push the Bitcoin value proposition forward would be to organize a grassroots bank run across the United States and show that the US dollar...

by COINS NEWS - 1 year ago

Every single exchange should experience a bank run. If they survive, they deserve to exist. If they don’t, they deserve to be taken out, before they can grow and cause more damage later. Don’t trust exchanges have sufficient funds, verify it.

I think it’s important that everyone realize lots of exchanges have been taking user funds and using them for their own uses. They aren’t just taking fees - they are operating like a bank and operating on fractional reserves. Exchanges are artificial...