Every single exchange should experience a bank run. If they survive, they deserve to exist. If they don’t, they deserve to be taken out, before they can grow and cause more damage later. Don’t trust exchanges have sufficient funds, verify it.

4年前•

強気相場:

弱気相場:

I think it’s important that everyone realize lots of exchanges have been taking user funds and using them for their own uses. They aren’t just taking fees - they are operating like a bank and operating on fractional reserves.

Exchanges are artificially inflating the total supply of all crypto and suppressing the price by not fully holding the reserves their users trust them with. This is incredibly dangerous and contrary to the entire point of crypto.

Yes exchanges going under will hurt all crypto but allowing exchanges to continue operating like this hurts us now and in the future. With the incredible amount of fear in the market surrounding exchanges - now is the time to test the exchanges as we’ll get the most support.

Take your money out of exchanges the 2022 bank run is just beginning. The exchanges that survive will deserve to exist.