FDIC has the weight and backing of a very large government who is capable of cre... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

vorpalhex on May 11, 2022 | parent | context | favorite | on: Coinbase warns that bankruptcy could wipe out user...

FDIC has the weight and backing of a very large government who is capable of creating more fiat currency as needed.

0daystock on May 11, 2022 [–]

> creating more fiat currency as needed

Ironically, this very thing led to FDIC failing to meet their obligation deposit amount of 1.35%.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact