Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
by s0rce on Friday December 22, 2017 @03:07PM
(#15990501)
I assume he meant people have had their coins stolen, usually from exchanges, really not much different than your bank getting robbed, although in this cause your money is gone and the exchange doesn't cover the theft.
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Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
by jandrese on Friday December 22, 2017 @11:03PM
(#15992849)
There is no FDIC for Bitcoin exchanges. Also a distressingly large percentage of the exchanges to date have been either fraudulently or incompetently run and lost the user's bitcoibs and/or fiat money.
Nobody would use banks if 4 out of 5 were completely cleaned out by crooks and went out of business.
Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
by solotronics on Saturday December 23, 2017 @01:31AM
(#15993190)
yes there is. Gemini is FDIC insured for dollar deposits https://gemini24.zendesk.com/hc/en-us/articles/205823016-Are...
Re:Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
by ryguytilidie on Friday December 22, 2017 @03:12PM
(#15990541)
I'd say that goes beyond "really not that much different".