Increasing deposit rates , code for 'desparate for new suckers' ?

[JackMorgan]

https://finance.yahoo.com/news/blockfi-raises-deposit-rates-eliminates-174353813.html

Trying to attract the last few $$$ of fiat before the final implosion?

Asking for a fiend

 

[The_Krakenite]

BlockFi may end up ok. SBF gave them a bailout.

I find it interesting how many crypto bears on this forum act as though fiat-banks are some stable holier than though institution.

They must not have been around when I observed first hand how they started to all fall over like dominos again... until Bernanke showed up and tried to help pick up all the pieces.

It ended up with competitors being forced to help bail out other competing institutions, etc.

Now in today's time, you have Sam Bankman trying to bail out his own competitors as well.

 

[tiddlywinks]

crypto bears on this forum act as though fiat-banks are some stable holier than though institution.

 

[JackMorgan]

This was certainly about Crypto. No one has ever lost a penny in a bank

 

[tiddlywinks]

No one has ever lost a penny in a bank

That's misleading and technically incorrect.

You might want to revise to something more along the lines of...
No depositor has lost money of FDIC-insured funds.

 

[FreeGoldRush]

Crypto companies will go bust for many years. It's the wild west of speculation. Was similar during the dotcom boom in the 1990s. Lots of great things came out of that time. If this is all too hot for you to handle then just step aside and invest in more buggy whips.