News for hackers. Stuff that matters.

A comment on Celsius Appears insolvent, and it's taking the whole crypto market with it. Parent comment

Re:Celsius Appears insolvent, and it's taking the whole cryp... by ImaCake on Tuesday June 14, 2022 @03:17AM (#31735727)
My inability to understand these financial instruments without hours of study is why I never put money into anything other than a couple of major currencies for funsies. Vanguard ETFs, mortgages, and bank accounts make sense. So I keep serious money in those.
[ Parent | on HN ]
Re:Celsius Appears insolvent, and it's taking the whole cryp... by dehrmann on Tuesday June 14, 2022 @12:22PM (#31741686)
> bank accounts

I'd argue it's hard to understand the higher-order effects of fractional reserve banking. The accounts are at least backed by a government and have over 100 years of lessons baked into them, so that's something.

[ Parent | on HN ]