Quote:
Originally Posted by Azure
Ah, that makes sense.
Just observing what people are saying, the amount of misinformation being passed around is bonkers.
I don't WANT these exchanges to fail if they are operating the right way, but what do people think would happen if everyone went to their bank and wanted to withdraw everything in 1 day? People, including some in this thread are making zero attempt to understand what is happening, but it doesn't stop them from tweeting out 'get your funds off of Crypto.com nNWOOW!!ZZZ.'
Its insane.
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The federal reserve would cover the banks, that's pretty much what 2008 was, at a cost of 500 billion to the taxpayer, hence me not wanting regulation for crypto, what regulation actually means is federally back insurance