red flag celsius network

I told you about Celsius network when we were at 11 cts, we are now in the 40 cts, this time it is not at a technical level but more in terms of the fundamentals and communication of Celsius CEO. Yesterday, the CEO of Celsius made a tweet which demonstrates the lack of knowledge at the level of the banking system and DEFI projects.

For a crypto project it's not terrible. If this tweet had remained hidden it would have been a good thing, but this one was taken up by Larry Cermak.

In this tweet Alex Mashinsky CEO of Celsius found it good to criticize the Comp project, but on this tweet, we report on his ignorance of banking, by saying that Comp works with a fractional reserve system and compare the project to the problem of the banking system while having fractional reserve is rather a good thing, what is most annoying is the merger of deposit banks and investment banks (among others).

In general, what worries people is that if there is a problem with the stock market (stock market crash), all the deposits would be threatened.

Since there is no longer any separation of deposit banks and investment banks.

We know that there is a deposit guarantee reserve, but I saw a video of a former banker from BNP Paribas who said that this guarantee would not be enough in case of concerns.

I put you the link of a video (in French) at 18mi56, it addresses the subject, but roughly 193 million available to guarantee 2225 billion euros, therefore about a year of French GDP apart from financial assets.

So this is a very real problem much more than the fractional reserves which should be increased.

I do not know if you are invested in the project, but be careful because rumors can spread very quickly.