Comments by "gerhard7" (@gerhard7323) on "Bank Runs! What's Going On?" video.

  1. Crypto is a state-sanctioned ponzi scheme. No more, no less. If you live in a country like the US or UK which allows it then your political and financial establishment is essentially endorsing a highly risky essentially criminal activity usually at the ultimate expense of the terminally gullible or the utterly desperate. One only has to look at how the collapse of cryptospace Silvergate followed only this week by the collapse of the more traditional bank SVB in the US is being treated by the FED and FDIC to see the fundamental difference here. If you're in crypto and in Silvergate then tough sh*t according to the US government I'm afraid. You're on your own.
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  2. ​ @KenoticMuse Great, instructive reply. Thank you.
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