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>> Since coinbase isn’t FDIC insured, it makes sense that if coinbase goes bankrupt, the customer currencies will go away as well. No it doesn't. Well if coinb
by phkahler 5y ago
>> Since coinbase isn’t FDIC insured, it makes sense that if coinbase goes bankrupt, the customer currencies will go away as well.
No it doesn't. Well if coinbase is lending crypto like a bank then sure. But if they are acting like a stock broker, they should be holding real assets on behalf of customers and those assets should go to the customers who actually own them.
Longer term investors can actually (could? it's been a while) get their stock certificate mailed and hold it themselves.
- svnt 5y agoThey are acting like what is best for them, which is neither. They are taking as much as they can because that is how finance works. For being on HN this post is confusingly full of people who assume tech companies are run for the public benefit, or at least with some moral obligation of protecting your assets.