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Randy Southerland's avatar

“…some exchanges do provide protections. Coinbase, for instance, holds cash in U.S. banks so that users’ stored values are protected by FDIC insurance.”

That’s not how FDIC insurance works. Deposits are ensured up to $250,000 in case the bank holding the deposit fails. I’ve seen several stories in which crypto companies are claiming their funds are federally insured, but that’s true only if the bank holding them fails not the company that deposited the funds. Unless I’m totally missing something here….

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Bill Nickles's avatar

I live outside of Boston and the spend large amounts of money to save money over time is playing out in regards to the public transportation system. The whole thing is broken and needs to be scrapped and rebuilt from the ground up. Of course, what will continue to happen is they will throw hundreds of millions to try to patch together a fix on infrastructure from the early 1900s.

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