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ROLLUP: Silvergate Liquidate?! | Elizabeth Warren vs. Binance | Bankless 2.0 Announcement | SEC Taking Ls?
Bankless
Is There a Run on the Bank?
A lot of people in crypto are saying that this is basically a run on the bank. Perpetrated by people in power. Those regulators and politicians going on the megaphone and saying like the operation choke point, sorts of measures. And I would say the broader point is like, remember guys, we live in a fractional reserve banking system. Right? By design, that's how the system works. Yes, it's a figment of our imagination. It's all kind of on the ledger. And it all works as long as everyone trusts it. We have to ask ourselves, why did that fear happen in the first place? Do you have an answer for me, Ryan
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