Bank runs are not a failure of confidence. They are just a consequence of design. In traditional banking, deposits are not fully held. They are promised. The same unit of money is lent multiple times, while the system assumes not everyone will ask for it back at once. When
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Bank runs are not a failure of confidence. They are just a consequence of design. In traditional banking, deposits are not fully held. They are promised. The same unit of money is lent multiple times, while the system assumes not everyone will ask for it back at once. When