World’s Central Bank: Crypto Could Risk Bank Runs

2 comments

  1. Ourkid1010 - Reply

    For the world of crypto this may be a good thing but given the vast vast vast majority of people’s who’s entire lives rely on conventional banking systems, this spells ruin for mortgages, savings accounts, pensions- whilst I want to see my crypto investments go well, I don’t want to be out of house and destitute off the back of it.

    Until there’s a stable way of converting fiat to btc and easily moving existing mortgages pensions etc into the equivalent btc I can’t see how this is a good thing… I don’t want to be homeless just for the ideological reasons of doing away with conventional banking. My kids kids might benefit but people still need to live in the here and now.

    As evil as it Is, compared to being homeless and penniless it is the lesser of 2 evils.

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