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A comment on Crypto firm BlockFi files for bankruptcy as FTX fallout spreads. Parent comment

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by napolux on Monday November 28, 2022 @11:29AM (#33775642)
it's fascinating how nobody learned from history. Banks and bankers have been heavily regulated as you said, "over centuries".

Still today, we get lured by the same businesses (because all these lenders were just banks/financial operators) but without any of the safety nets we have in place when we work with "old school" banks.

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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by clintonb on Monday November 28, 2022 @11:57AM (#33776028)
Learning from history typically requires opening a book…
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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by selectodude on Monday November 28, 2022 @12:19PM (#33776356)
Ah, but reading a book requires taking time away from “changing the world”.
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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by mattwilsonn888 on Monday November 28, 2022 @12:58PM (#33776969)
It's really worse than you say the amount of ignorance it takes to store crypto in one of these institutions, when one of its motivating and zeitgeist driving features is that third parties are no longer the most secure method of storage.
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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by antod on Tuesday November 29, 2022 @01:41AM (#33784389)
The cynic in me thinks they did learn from history, and spotted a way to adapt the old scams to a new playing field. Much easier than coming up with brand new scams.
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