“In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.” I guess there’s no such thing like deposit insurance in cryptoland…tell me again how this better than a bank? 😜
https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/
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@ryanschultz If the US dollar experiences hyperinflation and looses all its value you arent insured by banks either. Banks dont secure the **value** of the money, only that if money becomes worthless you will still see a fictional number on your bank account (which you still cant withdrawl since it wont physically be there)... Yea banks arent much better.
