Replying to Avatar Alfador

Rather than printing money to pay off debts (as in a bail-out), those debts are simply cancelled.
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Sha256 2y ago

Wait what? I had an understanding that bail ins are when the bank confiscated accounts thah exceed 250k to pay off their debts

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Alfador 2y ago

This article seems to agree with my understanding:

https://www.investopedia.com/terms/b/bailin.asp

Though I'm not certain that there aren't "bail-ins" that conform to your understanding too

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Sha256 2y ago

Its there though, the cyprus expirement