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There are people "in crypto" who believe the FDIC will make good any losses on their investments; which they hold because "crypto can't be controlled or monitor
by h2odragon 5y ago
There are people "in crypto" who believe the FDIC will make good any losses on their investments; which they hold because "crypto can't be controlled or monitored by governments!"
I'm expecting the talking heads to have to spend time on "why there won't be a bitcoin bailout" today or tomorrow.
- xur17 5y ago> There are people "in crypto" who believe the FDIC will make good any losses on their investments Do you have a source for this? I'm heavily involved "in crypto", and have not seen any indications of beliefs like this.
- h2odragon 5y agoSource: A couple of conversations with people in real life. If circumstances had been different these people would've been pushing Amway or similar.
- lupire 5y agoCryptocurrency is Amway for boys.
- teedeepee 5y agoOn r/gemini (named after the NYC-based exchange), it's a misconception that I see (and occasionally dispel) very frequently.