> In early November, Adrian Butkus, a 43-year-old father of two, put $600,000 — much of his life savings — into an account at BlockFi, a cryptocurrency trading firm. BlockFi had marketed the account as risk free, yielding 6.5 percent interest, more than Mr. Butkus could get anywhere else.
I'm glad he lost his money. It's like the Madoff people, people get greedy and somehow just assume they are smarter than everybody else. If it continued to go up, they'd be gloating about the returns they were getting and how great they were doing. They are basically criminals whose crime caught up with them. Just losing their money (which was mostly imaginary anyway) is the least punishment they deserve
[This was a serious reply but apparently not well received. The only other time I got voted to -4 this fast was when I poked fun at Rust users :) ]
I'm glad he lost his money. It's like the Madoff people, people get greedy and somehow just assume they are smarter than everybody else. If it continued to go up, they'd be gloating about the returns they were getting and how great they were doing. They are basically criminals whose crime caught up with them. Just losing their money (which was mostly imaginary anyway) is the least punishment they deserve
[This was a serious reply but apparently not well received. The only other time I got voted to -4 this fast was when I poked fun at Rust users :) ]