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by jeroenhd 1402 days ago
BTC has the same problem with exchanges gambling with their customers' currencies, setting up prices that work for them, running out of Bitcoin to trade and collapse when people want to take their money out.

The Lebanese lira might as well have been a cryptocoin and the Lebanese banks might as well have been exchanges. Anyone keeping their savings in their own home wouldn't need to rob banks to get their deposit out, just like anyone who keeps their Bitcoin in their own wallet doesn't run the risk of exchanges collapsing around them.