“The speed of the run – it’s very different from what we’ve seen in the past,” Powell said.Banks are built on the idea that most customer deposits are “sticky” – thought of as a form of long-term funding even when technically they can be redeemed on demand.
Crypto’s reputation might benefit, however – or at least not look so bad by comparison – if fast-moving Internet money is increasingly seen as the norm rather than an undesirable feature of newfangled, blockchain-based finance. In the Internet era, it only takes a few clicks and a couple of seconds to transfer deposits from one bank account to another. When doubts arise that your money isn’t safe, just park it at a different online banking account.or online news reports. When people decide to play it safe instead of sorry, bank runs can start within days or hours.
HeleneBraunn Liqquidity Shivering from a thought of crypto mafias and bros ruling the world
HeleneBraunn Liqquidity Building a dApp is now a breeze with XircusWEB3 . Its drag-and-drop interface and pre-built templates make it easy for anyone to create their own decentralized app. nft web3 BUIDL Cryptocurrency NFTMarketplace DeFi blockchain dApps XircusWEB3
HeleneBraunn Liqquidity That’s why you need FCF and spend crypto on the virtual or physical debit cards.
prestoneli2 HeleneBraunn Liqquidity says, Well, we don't have any problems with high speed anything here in Slovenia, even with their biggest fanboy.
HeleneBraunn Liqquidity is that when 'under the mattress became a thing' ?
HeleneBraunn Liqquidity Therefore, stability is not a clear difference between traditional banking and cryptocurrencies. In fact, the decentralized and distributed nature of cryptocurrencies can increase their stability and security.
HeleneBraunn Liqquidity Sometimes banks failure is more fierce than crypto failure
federalreserve HeleneBraunn Liqquidity They want to go to digital banking with cbdc… only thing slowing bank runs down is hours of operation, closed on weekends and limited cash at the teller. Wait till you just have to send it to your cold storage wallet. Bank runs from days to minutes.
federalreserve HeleneBraunn Liqquidity they all need proof of reserve. Aleo builds a platform for this. all the latest news are here:
federalreserve HeleneBraunn Liqquidity These people are insufferable
federalreserve HeleneBraunn Liqquidity What a joke!
federalreserve HeleneBraunn Liqquidity Thanks DavidSacks