undefined | Better HN

0 pointsjakelazaroff2y ago0 comments

You don't think that your bank would get your money back if this happened to them?

0 comments

Which bank? SVB? FRB?

You raise an important point though: crypto is not for the faint-hearted. "Be your own bank" has exactly that much responsibility attached. Many don't fully appreciate that.

mrguyorama2y ago

Find a depositor that lost money from either bank.

detrites2y ago

Sure, but major banks failing one after the other might not exactly promote confidence in ones bank deposits.

1 more reply

j / k navigate · click thread line to collapse

0 comments

detrites2y ago

Which bank? SVB? FRB?

You raise an important point though: crypto is not for the faint-hearted. "Be your own bank" has exactly that much responsibility attached. Many don't fully appreciate that.

mrguyorama2y ago

Find a depositor that lost money from either bank.

detrites2y ago

Sure, but major banks failing one after the other might not exactly promote confidence in ones bank deposits.

1 more reply

j / k navigate · click thread line to collapse