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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by beders on Thursday October 06, 2022 @12:33PM (#33110434)
How much money have you lost from your private bank account...?
Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by pazimzadeh on Thursday October 06, 2022 @12:49PM (#33110721)
That's besides the point. I have not lost money from my private account or from my crypto wallets.

I lost money on companies which marketed themselves as using crypto, but were in fact not.

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by papreclip on Thursday October 06, 2022 @01:27PM (#33111218)
Does loss of value via quantitative easing count?
Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by jamespo on Thursday October 06, 2022 @01:42PM (#33111416)
good job the value of crypto is so stable then
Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by ajross on Thursday October 06, 2022 @02:07PM (#33111756)
Oh, come on. Have you never lost a check? Never seen a credit card bill you can't explain? Never had an argument with your spouse over what the $2k at Costco was for? Never gotten a bill and had trouble figuring out if you've paid it or not?

Accounting failings happen to all of us. The only people with perfect bank accounts are either (1) accountants themselves or (2) never really bothered to look.

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by gilrain on Thursday October 06, 2022 @02:16PM (#33111895)
No to all of that, never. I lost my debit card once along with, stupidly, my PIN (both were in my wallet, which was left somewhere). The maximum daily withdrawal was taken from ATMs that night. The next day, my bank made me whole. If that had been a crypto wallet, I’d have been out $1000 I couldn’t afford to lose.

Man, was I grateful for the human considerations built into traditional banking!

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by notch656a on Thursday October 06, 2022 @05:34PM (#33114395)
That's nice anecdote. When a thief intercepted my credit card information, my bank accused me of lying and made sure the thief could keep all the money, including going through the full appeals process for fraud reporting where my claim was denied at every step. Then the bank kept insinuating that my family members must have stolen the money, and called into question my credibility in a condescending tone. Honestly I've found fraud protection at the bank to suck horribly.

With my crypto transactions I never send the private key with it, unlike with credit card payments where I transmit the private information (CC numbers). Going off anecdotes, I've found crypto to be vastly safer for my transactions than the banking system.

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by matheusmoreira on Thursday October 06, 2022 @06:45PM (#33115087)
Citizens in my country lost it all in the 90s. Inflation was out of control, politicians were desperate and at some point somebody decided to simply freeze everybody's assets.
Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by samatman on Thursday October 06, 2022 @08:46PM (#33116055)
How many banks have been held at gunpoint in 2022, by someone demanding withdrawal of their own money?

The number is greater than two.

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by Dma54rhs on Thursday October 06, 2022 @09:32PM (#33116423)
Depends where you live. In Lebabon you have to go to the bank with a gun in order to get your own money.