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Discussion on: Is Bitcoin vulnerable to a "bank run"?

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Peter Kim Frank

I've been speaking with a number of folks over the last 24 hours. I've been surprised to learn about a number of instances where BitCoin (somewhat counter-intuitively) represented a safer store of value than a Fiat currency. Of course, this claim is only true in extreme scenarios where the local currency is highly unstable and/or corrupt.

It did open my eyes to the fact that there are legitimate actors benefiting from the distributed nature of Bitcoin, and the ability to temporarily store value in that asset.