⭐ Merited by tyz (2)
Users should protect themselves by not giving custody of their own coins and stop treating centralized crypto platforms as banks because they simply aren't.
This. I still dont get it why you would trust em with all of ur coins. There were so many numerous examples that showed that it should be taken with a grain of salt.... especially platforms/exchanges that were very established -> see FTX.
Companies file bankruptcy to protect themselves!!! Well who protects users then?
FDIC or your cold wallet!
Im with you at point 2. FDIC shouldnt be an option for a real Bitcoiner! At least, that will not have been the basic idea.
As tragic as such events are, but perhaps it always flushes some people who pursue Bitcoin only for profit from the cosmos!