ST Alpha - "Holy crap, crypto is such a scam Coinbase edition. They consider custodially held assets to be part of their assets. So in bankruptcy account holders become creditors -- (link*)" (Reading a Post)

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Holy crap, crypto is such a scam Coinbase edition. They consider custodially held assets to be part of their assets. So in bankruptcy account holders become creditors -- (link*)

Posted by decline (aka Decline) Jun 15 '22, 08:04

(No message)

https://twitter.com/Frances_Coppola/status/1537085490154942473 (twitter.com)

Responses:

Meanwhile El Salvador holding onto Bitcoin as their currency -- (link) - budice Jun 15, 08:27 3
- Loosing 50% of the value in a month is still better than the inflation of the local currency -- nm - zeitgeist Jun 15, 11:08
- Things are going well there. (RP) -- (link) - znufrii Jun 15, 08:28
- price paid doesn't matter! -- nm - Beaker Jun 15, 08:28
More like Coinbase is a scam. Guess I should probably look at setting up a wallet and moving my stuff off of them. Shitty company doing shitty things -- nm - oblique Jun 15, 08:06 7
- Meta mask and then hardware wallet -- nm - Dark Callisto Jun 15, 08:36
- Coinbase and pretty much everything else that’s built on it, as far as I can tell. -- (edited) - znufrii Jun 15, 08:30
- yup -- nm - budice Jun 15, 08:12
- If I were you I certainly would -- nm - decline Jun 15, 08:07 3
  - Sooner than later. -- nm - Beryllium Jun 15, 08:16 2
    - Guess I'll have to do it tonight. Of course my authenticator code is on my old phone which I still have powered off at home - oblique Jun 15, 08:36 1
      - Well, be careful and ensure some kind of recovery path. Or multiple recovery paths. - Beryllium Jun 15, 08:41
Yeah, that’s a big no-no. -- nm - znufrii Jun 15, 08:05

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