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Zero2Hero2MarginCall t1_jd68cey wrote

Here is the only thing you need to know: When 1 or 2 banks fail and contagion could drastically affect the broader markets, the entire fucking world stops hating each other for as along as it takes to bailout and fix the problem for the time being.

When a crypto exchange collapses, or Big Benis Dollar Pegging decouples, and wipes out trillions of dollars in a nanosecond, governments put the 2-10 people responsible in prison for eternity and say fuck all to the “money” that was lost.

Crypto will destroy itself, it doesn’t need the government’s help.

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akmalhot t1_jd6hi9t wrote

They back stopped deposits of banks with charters , did not bailout share holders or debt holders ...

Crypto exchanges are not regulated depositories with bank charters and FDIC etc

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Ireallyasked t1_jd6zvbt wrote

Second point is the most shitty thing you could've said, government doesn't put anyone in prison, no money was lost/wiped it was stolen by the exchange or whatever the fuck it is

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jepifhag t1_jd7q4jz wrote

Gasp.... You mean we can trust greedy people anymore

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