Thats why withdrawl limit is there so that everyone doesnt

Question

Thats why withdrawl limit is there so that everyone doesnt

withdraw at the same time. Its like banks. Your savings are given as loans and a part of the interest that comes from those loans is given as interest to savings account. At any given time, bank have only 25% (in my country its 25. It may vary country to country) as liquid cash. But if suposse borrowers have defaulted on payments and all the savings account holders want to withdraw at same time. Do you know what happens ? Govt comes to bail out. But here in crypto. There is no govt. So instead hold patience. Dont just keep complaining all the time. It doesnt solve anything

#cryptocurrency #english #neutrino

0

03.06.2022

6 ответов

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Bug Buggy 🤕 Автор вопроса

Afandi
fractional system?

I guess it means even it means that backing doesnt have to be 100% to remain in peg.

0

03.06.2022

Janes

in the case you described above a central bank acts as a lender of last resort and helps the bank get out of the trouble. in the case of usdn Sasha acts as a central banker. nothing wrong with that. but pretending that usdn is decentralized is beyond ridiculous

0

03.06.2022

Bug Buggy 🤕 Автор вопроса

Janes
in the case you described above a central bank act...

Decntralozation doesnt mean mob rule. Some regulation has to be there. Hence sasha is pushing for a usdn dao for decentralization. And admit or not but dao is same as a monetory regulator. Only diff is it a group.

0

03.06.2022

Janes

Bug Buggy 🤕
Decntralozation doesnt mean mob rule. Some regulat...

not a mob rule, but a set of rules (protocol) that can't be changed and modified on a whim of one person

0

03.06.2022

Evgeny Isaev

Janes
not a mob rule, but a set of rules (protocol) that...

What you are talking about is achieved by adding multi-signatures to contracts to prohibit one person from changing the contract. At the moment, as I understand it, the contracts contain only the signatures of the waves team members. Let's see how this changes in the future

0

03.06.2022

Afandi · Accepted Answer

Afandi

fractional system?

0

03.06.2022

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Thats why withdrawl limit is there so that everyone doesnt

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