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Fed should make a commitment NOT to bail out crypto people under ANY circumstances!
by neaanopri 5y ago
Fed should make a commitment NOT to bail out crypto people under ANY circumstances!
- webinvest 5y agoThey might one day bail out the banks that use Ripple (XRP)… as well as the banks that don’t use it. Bitcoin was literally created due to bailouts. Just read the genesis block of Bitcoin.
- bduerst 5y agoRipple has a lot of "partner" banks, not actual users. They're notorious for hamming that up: https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/ https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ri...
- asasidh 5y agothe people who "crypto" and the people who look for handouts are two very different groups.
- sneak 5y agoThat was true only in limited scope and a very long time ago. Most people in the US in the space just use Coinbase and in practice use that just like any other bank.