Who do you think pays for FDIC insurance? WE DO. The napkins aren't free, Jason - that's econ 101.JasonA wrote:And if you're money was in any of those accounts.. you would have seen NOTHING GONE because your money is insured here by the FDIC...AndyH wrote:
The hackers took $10 million from EACH BANK THEY HIT!
All that regulation saved all those fiat users from theft, didn't it? (Wait - It didn't? How much did they lose? A BILLION?!)
And with BTC... it's what???? Lost??? Vaporized?? gone??
How about just plain stolen?
want me to post articles on that? And DON'T GET ME STARTED ON Mt.GOX crap
You really have to be a sick twisted moron to believe in this crap
Gox was an EXCHANGE. The 'conventional' comparison for MT Gox is a company that allows one to trade on the FOREX. The FDIC doesn't play there - and if my money's stolen/embezzled/lost or stolen by the DEA or Secret Service it's just as gone. Crypto is handled in most parts of the world as a commodity - like gold and silver. If someone breaks into a gold storage vault the FDIC doesn't fix that, either.
http://www.huffingtonpost.com/2015/03/3 ... 70758.html
So - yet again...(why so many 'agains' on this forum?!):
Keep money in your wallet until you're going to use it and NOBODY CAN STEAL IT. Crypto HAS NO BANKS because THEY ARE NOT NEEDED. Do NOT 'store' your money on someone else's computer. Period.
Seriously - I know this is sorta new stuff, but for the love of all that's holy - this is not so difficult a concept!