[oleganza]

Bank run on bitcoin will happen when people feel it's totally broken. There were already a couple of major bugs in Bitcoin software itself: in 2010 a transaction was created with 184 bln BTC due to an integer overflow. Was fully fixed in 10 hours. Recent bug with a hard fork of the half of the network was fixed within a 3-4 hours.

When stuff like that happens, some may freak out and sell their BTC. Speculators who still believe, will do the same and then buy at a lower price, recovering the market price. If the problem is fixed, in 24 hours no one will notice the difference. Luckily, Bitcoin is getting more and more decentralized and stable as more people are involved in development and more money is at stake. This motivates everyone to protect the system and act quick to fix the issues.

See more on incidents: https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposu...