keccers
@keccers.eth
In America consumer protections are rapidly eroding and there will be a proliferation of alternative financial products, from crypto based solutions to X Payments. Remember these services don’t come with FDIC insurance. they have few incentives at all to do right by you. Be careful
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keccers
@keccers.eth
I see this in health too and it is super upsetting. We are not tearing down the old to build back better.
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HH
@hamud
Crypto is just missing a robust insurance industry. Atm rates are too high for it to be worth it but I hope this changes in the future. A lot of money market funds for rich people are not FDIC but have their own insurance.
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Vinay Vasanji
@vinayvasanji.eth
My heuristic soon is if a crypto product doesn't have @opencover (or similar) or doesn't allow me to use it—if it's custodial—then I simply won't use it
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