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0 sats \ 4 replies \ @stack_harder 22 Nov \ parent \ on: ‘I have no money’: Thousands of Americans see their savings vanish in Synapse bitcoin
people, young people especially, are way too lax for fintechs. they have a ton of money on there, but if something goes south, no support. at least my fiat bank has a number i can call.
i like revolulet and wise a lot, but they are treated as hot wallets only
this is extra bad because it was old people that didn't understand the difference. not sure if the outcome would have been different if they were EU-based customers
why the **** didn't they just get a blockstream jade (what are they, 50-60$?) and just stick some or all of their money in there?
and now Trezor is selling a hardware wallet for what... around 50€ these days?
Those are not "perfect" solutions for saving - Bitcoin is volatile and it takes personal responsibility too. But they wouldn't have lost their funds they would still have them.
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The TV and their financial advisor said bitcoin was too risky because its volatile.
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who watches tv anymore?
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Boomers
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