Is that a tongue in cheek reference to my inadvertently weird capitalization of wildcat as WildCat — no idea why I did that, maybe a throwback to my ThunderCats fandom of my youth.
Maybe lack of capital is a factor, but doesn’t that only come into play if redemptions are large? If it acts as a currency in circulation, there can be very little actual capital backing it (like how fractional reserves work for regular banks, IIRC).
Maybe lack of capital is a factor, but doesn’t that only come into play if redemptions are large? If it acts as a currency in circulation, there can be very little actual capital backing it (like how fractional reserves work for regular banks, IIRC).