Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event

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Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About […]

from Bitcoin News https://ift.tt/DqWgjhQ