News for hackers. Stuff that matters.

A comment on Binance sees $2B in outflows as troubles compound. Parent comment

Re:Binance sees $2B in outflows as troubles compound by xwdv on Wednesday March 29, 2023 @10:29AM (#35357818)
If the deposits don’t exist it’s still fine. A lot of people have lost deposits from crypto collapses and they’ve been fine, because currently no one uses crypto for actual working day to day capital (paying bills), it’s all speculative holdings that they could afford to lose.
[ Parent | on HN ]
Re:Binance sees $2B in outflows as troubles compound by bagacrap on Wednesday March 29, 2023 @10:35AM (#35357901)
Ehh, lots of people put money there they really can't lose, such as savings for a house down payment. Financial literacy is very rare.

I would say that at least any Americans who lose money there "deserve" what's coming to them since binance was banned in the US.

[ Parent | on HN ]
Re:Binance sees $2B in outflows as troubles compound by xwdv on Wednesday March 29, 2023 @02:48PM (#35361498)
Meh, anyone who’s saving for a house down payment wouldn’t be putting their money into a speculative asset. They knew exactly what they were doing.
[ Parent | on HN ]