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Re:Bitfinex, the Italian network behind the boss that makes ... by eurusdac on Thursday February 18, 2021 @09:57AM (#26180509)
80% backed by high quality liquid assets is pretty good. But insolvent banks avoid bank runs partly because lots of the money is sticky. Many people and organisations won't participate in a run no matter what, either because they think it's antisocial, or they believe the system will look after them, or they just aren't informed enough. A bank whose depositors are all cynical speculators has a much harder job to stay afloat.

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