This has a familiar sound to it . . . 🤔 Thousands line up for zero-down-payment, subprime mortgages cnbc.com/2018/10/12/tho
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They learned what we taught em. "'It's total upside,' said AJ Barkley, senior vice president of consumer lending at BofA." -- total upside because "too big to fail" means, by definition, that banks only participate in upside. Downside is for sucker taxpayers.
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we take a bigger fee from lower volume (and I don't agree that it is strongly correlated with income) because they generally cost more support time relative to revenue vs those in the highest volume tiers. Our highest tier, btw, is about 10% of other retail crypto brokers.
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Hopefully, there are always enough exchanges that failure is an option. On the other hand, would be a helluva bull run when the govt goes to the market to buy bitcoin for the bailout.