404 sats \ 1 reply \ @nerd2ninja 14 Nov 2022 \ parent \ on: Binance clogging the mempool? bitcoin
I think its to discourage withdraws rather than to delay a selloff
So this delay in withdrawals would prevent a bank run right?
My thinking: if there are too many withdrawals and Binance had fractional reserves at some point they'd have to pause withdrawals, which would result in widespread panic
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