> So both sides share the blame here: Coinbase for lying, and its users for not making sure that it's actually the kind of financial institution where their ass

> So both sides share the blame here: Coinbase for lying, and its users for not making sure that it's actually the kind of financial institution where their assets would be secure. I just want to nitpick this a little. "Blame" implies there is a fault here. I'm a user of Coinbase and I've been very well aware nothing was insured. Even actual stock investments aren't insured. That doesn't stop me from investing in stocks or buying crypto. I don't remember seeing Coinbase call themselves a bank so there really shouldn't be any misunderstandings here. EDIT: Also wanted to be clear on my crypto enthusiasm level: It's a toy. Fantasy football for people who like finance more than football.