Re:An Update on USDC and Silicon Valley Bank
by nightmarish on Saturday March 11, 2023 @06:37PM
(#35113963)
Yea because it’s way better for the customers to believe the illusion that I have 40 billion than to find out I only had let’s say… 5
Re:An Update on USDC and Silicon Valley Bank
by paulryanrogers on Saturday March 11, 2023 @08:24PM
(#35115218)
Wait, what value is there in the illusion? Some customers may be unable to wait, regardless of a run or not. And if they cannot count on you now then at least they would know to avoid you in the future.
If your pastry shop had 40 billion donuts, and you claim that 10 billion of those donuts are available for sale immediately, do you close your shop when you lose 3.3 billion of them, leaving you with only 6.7 billion donuts that are still sitting there?