Quote from: Buffer Overflow on March 18, 2014, 11:15:18 AM

Quote from: TERA on March 18, 2014, 09:08:29 AM

Quote from: Buffer Overflow on March 18, 2014, 09:01:29 AM

Quote from: MatTheCat on March 17, 2014, 05:37:50 PM

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

The actual bail-in should prevent the system collapse, at the expense of depositors.

The only question left is "which country is next?"

Though a bail-in is deflationary thus a large enough or multiple bail ins are dangerous for fiat. Bailing out with large amounts of government debt is better.