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A comment on Metakovan, the mystery Beeple art buyer, and his NFT/DeFi scheme. Parent comment

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by fakename11 on Sunday March 14, 2021 @06:12PM (#26459873)
Exactly, also there was this bank that went bankrupt in the 1800s and everyone lost their money too!!!!! You can't trust the system!
[ Parent | on HN ]
Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by ric2b on Monday March 15, 2021 @11:46AM (#26467368)
2008 was barely a decade ago but if that comment made you feel smart good for you.

Plus this argument is ignoring that the way the banking system is protected from such failures is with taxpayer money, so you still end up losing some of it.

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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by mrgordon on Thursday March 18, 2021 @02:02AM (#26500014)
Sure but one bank went under in 2008 versus how many crypto exchanges that stole or “lost” deposits since then? The scale of issues is not even the same order of magnitude, likely at least 100 to 1 given how many banks there are and how many crypto scams there have been
[ Parent | on HN ]