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 […]
Source: https://news.bitcoin.com/bitcoin-open-to-a-bank-run-smaller-parties-vulnerable-to-death-spiral-event/