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A comment on Blockfi agrees to pay $100M in penalties and pursue registration. Parent comment

Re:Blockfi agrees to pay $100M in penalties and pursue regis... by CPLX on Monday February 14, 2022 @06:33PM (#30340082)
There’s no reason at all to think that a complete and total default is unlikely.

It’s far from certain but it’s certainly plausible that the value of nearly all cryptocurrency’s will collapse to nothing at all.

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Re:Blockfi agrees to pay $100M in penalties and pursue regis... by Animats on Tuesday February 15, 2022 @03:22PM (#30352115)
The more likely failure mode is that you've lent to something that's leveraged. That can go to zero on a partial drop of the underlying asset. Which is what happened in 2008.
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