Reddit Posts
Deathroll $DROLL | Fun-filled gambling game | Join & Win prizes daily | ERC20
Deathroll $DROLL | Fun-filled gambling game | Join & Win prizes daily | ERC20
Fidance | is live onGate io | Amazing Play 2 Earn | Zero tax | Weekly Giveaways
FiDance - Fdc | A play-to-earn NFT blockchain game | Mexc Listing is Coming | Trading Starts From September 22nd 15:00 UTC | Safe Team | Fully Audited By CertiK | Huge Nft lineup
FiDance - Fdc | A play-to-earn NFT blockchain game | Trading Starts From September 22nd | Fully Audited By CertiK | Huge Nft lineup | Backed by Trusted Team | Strong and Active Community
Mentions
I just duck-duck-do'ed for it, and can't quickly find any concrete credible report link to. Then again, search engines have gone to shit. It used to be widely reported on by "mainstream" crypto media - back in the days of FTX and other shady exchanges, even Binance, who were notorious for holding tiny fractional reserves of their user's total reported BTC balances. So I'm not sure why it's not showing up in results now, just a few years later. Your BTC balance on Coinbase, Kraken, or Binance, for example, is just a database entry. When someone sends you BTC to a "receive" address Coinbase gives you, you don't have - and can't get - the private keys to that wallet - hence the (annoyingly overused but true) saying, "not your keys, not your coins". You can of course send those coins to your own wallet that you have full control over - and at that moment, hopefully Coinbase can rummage up some real BTC to do so. (To my knowledge they've never yet been unable to - but I'd wager there are funny internal stories of them running nearly dry in their early days, and scrambling like mad to cover runs. I have a close friend who used to work at a high level there but it would be in poor taste to ask. I'm hoping/assuming she'll volunteer stories someday.) Exchanges nowadays CLAIM to be fully backed, but they aren't legally required to be like banks, they have no real incentive to be other than not being able to cover runs, and there is absolutely no way to verify for sure. Audits, published wallet addresses, merkle trees, balance sheets - all ultimately meaningless as a way of validating that they have actual liquid BTC as free assets that can be immediately redeemed if all users cashed in at once. If you go to ChatGPT now and ask it to "list the BTC held by exchanges, wallets, ETFs, etc.", my session at least produced a table that added up to 24.7 million BTC, out of a max hardcoded cap of 21 million BTC. All of that to say, I feel comfortable leaving maybe 10% of my coins on Kraken + Coinbase at any given time, available for trading, or just out of laziness. But I start getting nervous when it approaches ~10%, and move them to my wallet. Both exchanges are FDC insured to up to $100k, so as long as you trade in USD (not sure about USDC which Coinbase at least treats as "cash" equivalent to USD), you're probably OK, and I don't worry about too much. Though, the "full faith and credit of the United States of America" these days... eek.
/u/thecryptos, your wallet address has been successfully updated to 0x1A7DA6dE282124668FDC085855Be171cC4019e7F.
I would say first pay off your debt. Then invest most of your money in tax beneficial plans like an RRSP or IRA. Invest a smaller percentage of your portfolio in BTC as a high risk/high reward investment. Use a FDC insured exchange like Coinbase or better yet a hardware wallet. Don't try and trade Bitcoin just invest and sit on it. Don't bother with all the other coins. This is advice from someone that has hodled since 2013 and also has other investments.
Bitstamp has just been approved by the FDC, haven't used it but downloaded it to have a look
Robinhood cash accounts are FDC insured, regulated and have to adhere to SEC rules. Most rules are in place to protect investors, and reduce extreme volatility. I'd rather trade on a platform that adheres to regulations instead of putting my money into something like FTX just to watch it disappear into the creators pockets.
Yes lots of people are smarter than to trust a bank. FDC insurance only covers up to 250k. Which isn't very much money in 2022 you definitely couldn't survive/retire off that measly amount.
FDC insured lmfao, doesnt that only cover like 100k or 250k?? Nice scam.
In the end, we come to find out FDC Insurance was FTX twin brother in disguise…. Don’t tell anyone, they’ll just turn on the printer and add quads to derivatives debt
@qryptologist >Hi guys. First I want to say thank you to CZ for all that you've been doing for the community. We truly appreciate you. I have two questions. My first question is regarding to to Paxos, are they FDC insured if anything happens is they they guarantee that people can claim their money cannot piggyback on the question that they want me asked. Binance @cz_binance >Okay. So on the first question in the PCSOs, um, the, the insurance part, the FDIC insurance, I actually don't know the answer. I would assume that if they don't publish on their website, they probably don't have it. I actually never looked into it. What we care about much more is whether they whether the reserves are there in a bank. Insurance is good, but my understanding is most insurance only only cover up to like NO250K or something. Some number like that. I'm not. I'm not familiar with the insurance space.
@qryptologist Hi guys. First I want to say thank you to CZ for all that you've been doing for the community. We truly appreciate you. I have two questions. My first question is regarding to to Paxos, are they FDC insured if anything happens is they they guarantee that people can claim their money cannot piggyback on the question that they want me asked. Binance @cz_binance Okay. So on the first question in the PCSOs, um, the, the insurance part, the FDIC insurance, I actually don't know the answer. I would assume that if they don't publish on their website, they probably don't have it. I actually never looked into it. What we care about much more is whether they whether the reserves are there in a bank. Insurance is good, but my understanding is most insurance only only cover up to like NO250K or something. Some number like that. I'm not. I'm not familiar with the insurance space.
The Wall Street Journal just released a nice [podcast](https://www.wsj.com/podcasts/the-journal/how-crypto-giant-ftx-suddenly-imploded/FDC378AA-4DA9-476B-8EE1-94AD56CD1B64) explaining it.
Banks only have to keep a single digit percentage of deposited funds in reserve based on whatever the Fed requires. They loan out the rest to companies and individuals. Deposits are guaranteed by the FDC, so if there is a bank run, the FDIC will swoop in and deposit cash to cover withdrawals. The banks pay the FDIC insurance for this. FDIC was started after bank runs during the depression and has effectively ended bank runs in America as they give ppl confidence their money will always be available
Check FDC which is a fun dance game that was released on Mexc. Fidance is a play-to-earn NFT blockchain game in Metaverse that will allow investors the ability to own assets, participate in metaverse dance games, buy NFTs and much more. Play 2 Earn FIDANCE Crypto Player holders will enjoy first impressions of the game. In the near future, the NFT holder can use their assets and play in a game to win rewards including FDC tokens and valuable NFT assets.
In a few hours, FDC will be listed on Mexc, which will bring volume and viability to the project's growth, many people who love to dance will join FDC, which has a complete system that allows you to earn by dancing.