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Fiat bank users with more than 12 BTC just lose the rest if the bank goes bankrupt. Living in the past must be crazy.

Bitcoin Reddit

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If you got 100 BTC stored at the bank in fiat currency and they go bankrupt, they only return 12 BTC worth of fiat currency, that's crazy they called it FDIC insurance.

submitted by /u/hyperinflationUSA
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