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clock Created with Sketch. 26/10/17
12:08
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Originally posted by nihilism
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They are definitely responsible for their own liqudity and their own lending policies, which as you say in the right conditions (bad loans/defaults or massive desire to withdraw money) can cause chaos due to the lack of physical assets and the inability to call back loans (due to the contracts that underwrite them).
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Their are no "Bail-ins" with bitcoin, something that is going to be more common when the phoney fiat system implodes. Those that are walled in will be taking a haircut, as did the poor sorry taxpayers that helped out the good Ol' too big to fail banks post 2008.
