Anyone calling Proof of Keys a “bank run” is confusing banks – who give loans and are fractional reserve by nature – to exchanges and wallets which make money on trade and transfer fees and should always be 100% solvent.

submitted by /u/ride_the_LN
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Bitcoin – The Currency of the Internet

“My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I’ve always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.” -Nick Szabo

"My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments." -Nick Szabo submitted by /u/norrinsyra_
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Bitcoin – The Currency of the Internet