Ever since the Cyprus bank bail in's, the precedence has been set, banks can be akin to Hotel California.
#Bitcoin fixes this
If it's easier to enter than to leave, think twice before entering. https://twitter.com/NickSzabo4/status/1061779257448325120 …https://twitter.com/elerianm/status/1167249395596898308 …
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someone must've written about the phenomenon where individuals enter into systems knowing it's physically impossible all participants will be able to get out, but always speculate they will get out just before the rest similar to the current negative rate bond "last buyer" race!
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The only right that matters is the right to opt out (Hirchsman).
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If a country is uncompetitive, living beyond its means and trying to manage its exchange rate, yes think twice, thrice. The currency has to collapse or government gets a bail-out...or imposes capital controls. Story of many emerging markets (Argie...) or even developed (Greece)
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