Replying to Avatar Jogi

Ok, so if people sell USDC, the 91 percent reserve goes down over time. That's why Coinbase paused it. But that's no good for you if other platforms remain open over the weekend, like bitcinex, kraken or binance. If a coin run starts to really take off, this thing goes belly up.

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Jogi 2y ago

Oh, and the key to sucessful panicking is to do so before everyone else does. 101!

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Jogi 2y ago

The game theory of bank runs makes it so, that the run has to happen. It's a 95 percent or higher likelihood.

Just an observation