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No depositor lost any money in this case. The bank had trouble getting its insurance to pay up. If this was bitcoin, the money would be gone, because bitcoin do
by freeone3000 8y ago
No depositor lost any money in this case. The bank had trouble getting its insurance to pay up. If this was bitcoin, the money would be gone, because bitcoin does not have the same restrictive regulation scheme as united states dollars held in a united states bank.
- krageon 8y agoIf you store it in a long-term storage solution that makes sense (cold storage), it would not be "gone" because this wouldn't have happened.
- freeone3000 8y agoSimilarly, if people kept money in their mattresses instead of in banks, it couldn't be robbed from banks!