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by nerfhammer 4515 days ago
Amount of losses due to depositary institution failure since 1934:

$0.

This is a rather good record compared to bitcoin.

3 comments

Assuming I can go global, here's an example where you are wrong: http://inequality.org/great-cyprus-bank-robbery/. I'm pretty sure Goldman Sachs got their asses bailed out as well by the taxpayers.

You shouldn't play a shell game with the money and say then say there are "zero losses", but people do. It's called cognitive dissonance and it sucks.

Whaaa? Deposits over $100K (now $250K) were uninsured.
They guarantee up to that amount but so far have been covering the full amount due to the negligible difference overall IIRC.
Amount of losses of Bitcoin since 2015:

0 BTC.

Not bad!