Replying to Avatar Roxy

What’s a bank run?
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BHN 🍁 2y ago

A horde of people rushing to remove as much of their money from the bank all at the same time. Quite dangerous with fractional reserve banking.

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Roxy 2y ago

Does it happen with bitcoin?!

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BHN 🍁 2y ago

Not quite. Bitcoin can't leave the network only exchange hands. This will only determine price value. Banks can have more money pulled out than they even promised to hold.