Blockfi files bankruptcy

4,820 Views | 37 Replies | Last: 3 yr ago by MrJonMan
Its Texas Aggies, dammit
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terradactylexpress said:

Can you give a for dummies overview of how that works?


This is the best explanation I have read:

https://jessemyers.substack.com/p/bitcoin-will-5x-in-the-next-3-years?utm_medium=reader2
Its Texas Aggies, dammit
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LMCane said:

Adverse Event said:

I'm getting sore from shaking my head and saying "told ya so" to far too many friends, family and strangers.

People constantly trying to "get ahead" by making exceptionally risky bets with "trusted" third parties for an IOU that is unaccountable.


The next big scrutiny lies with Coinbase. Get it off exchange, same with Binance (who's allegedly moved $2B bitcoin into new wallets).
I moved all my ETH2 which I had staked off of coinbase before Thanksgiving.

have to "wrap it" into ceETH and then convert into BTC and then take to my cold storage Ledger Wallet

so all my crypto is now off coinbase.




That's a good step. How do you protect against them inflating the supply of ETH such that what is in your cold storage decreases in value?
MrJonMan
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I had some cash is BlockFi from I don't know when. So sometime back in the spring I said wth and tossed it into Doge in the off chance it shot back up like last year.

Once Elon got Twitter I knew it was only a matter of time before it goes up a considerable amount.

Guess now get to ride that wave without actually ever getting the profits.

It was a small enough investment that I'm not overly upset about it but more ticked about never seeing the gains.
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