If everyone pulls their coins off the exchanges Aug 1st, I wonder if it will reveal that some of the exchanges are running a fractional reserve, because of reported or unreported hacks.
I was thinking of the same.
Scary scenario, makes you think should you withdraw your btc just to be first.
Suchs exchanges would die at that point.
Maybe that's why the price of Bitcoin has increased so much over the last few days... all the exchanges are buying up coins from one another to replace their shortfalls before they get found out