4 ms·

Blockfi accidentally sends users millions in Bitcoin – and now it wants it back

• llampx 5y ago
  I bought at $30k, but unsure if it's going further down. My money is on it going up.
  • smachiz 5y ago
    It either goes up forever or goes to $0. Good luck.
    • bequanna 5y ago
      Couldn’t the same be said for literally every security ever?
      • aaaxyz 5y ago
        Bonds usually have a maturity date
    • llampx 5y ago
      Long-term I don't expect either of those things.
• jl2718 5y ago
  > “BlockFi carries loss reserves as part of its accounting policies and this is a fraction of existing loss reserves – so no negative impact to equity or ongoing platform operations,” Prove it. And where exactly do these ‘loss reserves’ come from? Here we go again. (If they are) not your keys, (they are) .... It’s okay though. I’m sure the US government will definitely step in and compensate any US users for any loss of deposit like they would in any USD-denominated bank account. They required those same users to pay half their gains, so it makes sense. Wait... no? Okay, well at least they can get a refundable tax credit for their losses that they already paid for in their gains. No? Well at least they can deduct the full amount of the loss. No? 3000 max! Oh shit we’re screwed.