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A comment on Cryptocurreny retailer BitPrime closes trading after running out of money. Parent comment

Re:Cryptocurreny retailer BitPrime closes trading after runn... by qeternity on Thursday May 12, 2022 @04:49AM (#31350987)
Just to put in perspective: a number of non-crypto YC startups had their treasury in UST. The reverberations of this will be massive.
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Re:Cryptocurreny retailer BitPrime closes trading after runn... by thfuran on Thursday May 12, 2022 @08:16AM (#31352870)
Any company that kept money it really needed in crypto deserves to vanish.
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Re:Cryptocurreny retailer BitPrime closes trading after runn... by daniel-cussen on Thursday May 12, 2022 @09:52AM (#31354185)
Oh that happened in 2009 as well, tons of startups had their money parked in an asset with a special name, where it was tied to real estate, so the startups' treasury could appreciate without being spent. Because real estate never goes down, you see. It was so safe.

Safety is dangerous.

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