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A comment on Temporary pause of Bitcoin withdrawals on Binance. Parent comment

Re:Temporary pause of Bitcoin withdrawals on Binance by rco8786 on Monday June 13, 2022 @09:50AM (#31725557)
If this is true, crypto is dead in the water and always has been. It's not hard to understand that people are simply not going to go through that trouble in order to own something.
[ Parent | on HN ]
Re:Temporary pause of Bitcoin withdrawals on Binance by ekianjo on Monday June 13, 2022 @11:27AM (#31726941)
People go thru a lot more trouble to ensure the value of their savings does not go to zero.
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Re:Temporary pause of Bitcoin withdrawals on Binance by rco8786 on Monday June 13, 2022 @11:40AM (#31727077)
They absolutely do not. They put their savings in an account held by a centralized 3rd party (bank) with the backing of government-guaranteed insurance (FDIC).

Maybe some people store cash or gold in a secret place but that is the exception.

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