Re:Flaws in Bitcoin make a lasting revival unlikely
by smsm42 on Monday April 01, 2019 @08:42PM
(#19549932)
> Some banks actually went under during that time, along with anyone's money sitting in it
That's not true, unless it either a) wasn't money deposited in the bank (i.e. it was an investment in bank stock - an inherently risky activity) or b) were deposits over FDIC insurance limits. That's $250K per account. What's bitcoin deposit insurance limits? Ah yes, $0 per account. Is there any insurance company daring to insure bitcoin deposits? I haven't heard of any.
That's not true, unless it either a) wasn't money deposited in the bank (i.e. it was an investment in bank stock - an inherently risky activity) or b) were deposits over FDIC insurance limits. That's $250K per account. What's bitcoin deposit insurance limits? Ah yes, $0 per account. Is there any insurance company daring to insure bitcoin deposits? I haven't heard of any.