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A comment on Worries Grow That the Price of Bitcoin Is Being Propped Up. Parent comment

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by elif on Thursday February 01, 2018 @12:02PM (#16283464)
coinbase already FDIC insures USD holdings, and 3rd party insures crypto holdings.

risk variability is already organically controllable, and can be observed in the disparity of price movement between different exchanges (gdax is always lagged/dampened)

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Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by root_axis on Thursday February 01, 2018 @12:59PM (#16284027)
> coinbase already FDIC insures USD holdings

Which is totally irrelevant to the cryptocurrency.

> 3rd party insures crypto holdings.

Yes, approximately 2% of their crypto holdings, so effectively nothing from the perspective of a customer who loses funds if their cold wallets are attacked.

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