CTO before coinbase: When people start to prevent the risk of trading opponents, they will completely leave the currency
Golden Finance reported that CTO Balaji Srinivasan before COINBASE posted on social media that people of the International Monetary Fund believed that people should be "smart" as a storage household, and regarded each bank account as a venture capital.However, they often argue that no one should spread the "fear" of banks, which is news about their risks.
Of course, the choice of low -risk banking business is also actively blocked outside the market.Therefore, the central bankers took the low -risk choice, forced people to enter a high -risk bank, and then sold themselves to low risk.They allow these banks to gamble with the money of stores, retain profits when winning, and print money (or confiscate deposits) when they lose.
In essence, the institutions that host the financial crisis are still in charge, so this time it may be worse.That is, long -term Treasury bonds and other bonds that were crushed by the Federal Reserve.Of course, unlike Cyprus, the Fed may use the printed money to support all deposits, and we are now in the digital age, so the development of things may be different.
In other words, if people start to prevent the risk of trading opponents, they may not just want to leave the bank, just like Cyprus in 2013, but completely leave the currency.This may mean that the physical gold, the oil barrel outside the house ... or just Bitcoin.