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A comment on Celsius Execs Cashed Out $40M in Crypto Before Halting Withdrawals for Customers. Parent comment

Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by itake on Friday October 07, 2022 @12:00PM (#33123107)
I think you missed my point.

A recent example is Solana. Their network keeps crashing [0]. Everyone keeping their own keys are completely locked away from trading their coin. Everyone with their coin owned in a centralized exchange can trade freely.

If you hold your own coins, you're vulnerable to network attacks and AMM instability/hacks.

If you put the coins on an exchange, you're vulnerable to the exchange's liquidity issues.

[0] - https://status.solana.com/uptime

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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by tornato7 on Friday October 07, 2022 @06:36PM (#33127694)
Yes, if you use Solana you should be aware that the chain very regularly has serious downtime. Ethereum gas fees can spike but generally there has never been downtime.
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Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi... by itake on Saturday October 08, 2022 @10:33PM (#33137820)
All chains have problems. Ethereum hard forked and high gas fees. Just to spend your money costs $20 USD :|.

How much downtime did Terra have before it crashed?

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