Yellow Vests protestors plan a bank run to peacefully urge the government to pass the reforms
cThe yellow vests movement- a democratic, grassroots political movement for the economic justice in France is preparing for a bank run similar to Bitcoin’s (BTC) Proof of Keys, according to the sources, who stated on social media on January 7.
Labeled as the “Collectors’ Referendum,” the most recent demo by the drive requires the followers to extract all their savings and other stored cash from the financial institutions on Saturday.
An activist known as Tahz San stated in a video that is uploaded on Facebook, that the movement is targeted to fright this French state entirely officially and without any forcefulness, yet more successfully than ever anticipated” all through the history of the Gilet Jaunes drive.
He further stated that it’s the worst nightmare for the elected officials. According to the data provided by local magazine Capital, the possible disturbing part of the Referendum could precisely be considerable. The final turnout, nevertheless, is probably to be small enough so as to not trigger a crisis, it further adds.
However, those involved in Bitcoin circles will be drawing counterparts between the Referendum and Proof of Keys event planned by a sole investor -industrialist Trace Mayer last week.
Scheduled to accord with the 10thanniversary of the Bitcoin genesis block, the target of the Proof of Keys was to stimulate the users of BTC to eliminate all the coins kept with reliable third parties and withdraw control of their private keys.
The Fiat bank runs have consequently assisted to the plea of Bitcoin at least expressively before, with the financial crisis of Cyprus in 2013 looking to increase the price of the cryptocurrency.