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No, it is in fact the exchanges that are losing money. In this case the customer funds are insured and they will not lose any funds. > this is exactly what bit
by lawn 8y ago
No, it is in fact the exchanges that are losing money. In this case the customer funds are insured and they will not lose any funds.
> this is exactly what bitcoin is missing
What you mean to say is this is what many cryptocurrency exchanges are often missing, which I agree with.
- ForHackernews 8y agoThey're not really insured: the exchange has claimed they have a self insurance fund (they call it 'SAFU') that they will draw on to make their customers whole. We'll see if that happens.