Tuesday 26 July 2016

Are Bitcoin users at Coinbase exposed in an altcoin triggered insolvency?

When MTGox blew up their USD and BTC accounts were missing different portions. But the bankrupcy converted all balances to JPY to pool the losses, so even if MTGox had 99% of their USD holding Gox USD holders would have still paid for the BTC losses.

If an issue with an altcoin makes coinbase insolvent will Bitcoin holders there lose their Bitcoins to pay for the losses of altcoin holders?



Submitted July 27, 2016 at 02:52AM by mygoodapple http://bit.ly/2aIsRUq

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