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Yeah famously the feds step in and cover your deposits when a crypto exchange collapses
by mewse-hn 4y ago
Yeah famously the feds step in and cover your deposits when a crypto exchange collapses
- antibasilisk 4y agoYou're not supposed to keep your money in exchanges
- telotortium 4y agoWhat's the famous slogan? "You are your own bank!"
- stouset 4y agoYeah famously the feds step in and cover your deposits when [your wallet is compromised|you lost your password|your hard drive crashed|the price of your algorithmic stablecoin goes to zero|you put in the wrong address|you open an NFT that drains your wallet|your DAO hands all its assets out to someone smarter than its programmers].
- antibasilisk 4y agojust don't do those things and keep backups, it's not that hard unless you're a cryptobro larper
- willmadden 4y agoWhy is hacker news chocked full of people who don't understand crypto? You are not supposed to use centralized exchanges to custody your assets. "Not your keys, not your crypto." It's the entire point of crypto to not keep it on a centralized exchange!