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What could put crypto on the fast track?
#1
Below you will find a link about "Bitcoin Rises as Yellow Vests Call For a Run on the Banks"
The fact this happened would also mean that people would run into crypto when USD and Euro crash or when the economy collapses.
Knowing that France is only a very small part of the (crypto) world.
What is your opinion?

https://www.trustnodes.com/2019/01/08/bitcoin-rises-as-yellow-vests-call-for-a-run-on-the-banks
What is this thing that builds our dreams, yet slips away from us?

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#2
Good article. Of course banks cannot afford for us all to withdraw our money. The downside is that your cash is vulnerable if it is hidden under the bed. I am not sure we could function without banks at zero notice - I would think we would need a good few months to plan and spot problems. I would assume that the govt would step in and help the banks, either with money or legislation.
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#3
(2019-01-17, 01:36 PM)BobBobert Wrote: Good article.  Of course banks cannot afford for us all to withdraw our money.  The downside is that your cash is vulnerable if it is hidden under the bed.  I am not sure we could function without banks at zero notice - I would think we would need a good few months to plan and spot problems.  I would assume that the govt would step in and help the banks, either with money or legislation.
It is correct that it is a bad idea to keep your money hidden in your house. But you can do a bankrun without going to the bank an physicly withdrawing your money. You could also use bank transfers or crditcards to buy crypto. If  a majority of a country do that, banks would also run out of money.
What is this thing that builds our dreams, yet slips away from us?

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#4
(2019-01-17, 09:48 PM)Hugues Wrote:
(2019-01-17, 01:36 PM)BobBobert Wrote: Good article.  Of course banks cannot afford for us all to withdraw our money.  The downside is that your cash is vulnerable if it is hidden under the bed.  I am not sure we could function without banks at zero notice - I would think we would need a good few months to plan and spot problems.  I would assume that the govt would step in and help the banks, either with money or legislation.
It is correct that it is a bad idea to keep your money hidden in your house. But you can do a bankrun without going to the bank an physicly withdrawing your money. You could also use bank transfers or crditcards to buy crypto. If  a majority of a country do that, banks would also run out of money.

Good point - I had not thought of that!
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#5
Yes. Banks don't have the cash available if everyone wanted their money OUT.
Cardano is the most promising 3 gen. crypto right now.


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#6
https://medium.com/altcoin-magazine/chin...60e9424907
What is this thing that builds our dreams, yet slips away from us?

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