No bailouts, no bail ins. Let the market self regulate. As nature intends. Thanks Satoshi, we are eternally grateful for your gift. We will not waste the fruits of your labour.
Discussion
Aren't bail-ins the selfregulations?
Stealing depositors money to save a dying bank?
Depositors are coming it to accept the banking institution risks for a service/yield.
Same as blockfis of the world. If the bank loses your money, then your money is lost.
Idk, I'm missing something maybe. What is an alternative scenario in a siund money system of a bank going bust and not having to do partial bail in?
Of course. If you deposit money, you take the risk and are ultimately giving up custody.
Bail out - sly devaluation via inflation (impacts all currency unit users)
Bail in - isolated devaluation of depositors. Agreed, better and more of a free market option (as long as depositors are aware and it’s not intentionally obfuscated)