Reminder

If you're crypto is on an exchange, you don't own it.

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I'm crypto is on binant

Coinbase is FDIC insured tho

if push comes to shove, the fed can print fiat.
but they can't print crypto.
that's the whole point.

if exchanges can be hacked then your wallet can also be hacked. you never own anything

wasted dubs.
the exchanges themselves are a counterparty risk.
They could be running fractional reserves, which invalidates the capped supply.
This could happen on accident.
The trades are happening on an SQL database, not on chain.
A corrupt employee could steal or embezzle funds with nobody even noticing until it's too late.
A hacker could find an exploit crediting them with a shit load of bitcoin. Which I believe is what happened a mtgox.
And why the fuck would a hacker bother with your little 0.15 BTC? They want the big fat exchange wallets. That's the honey pot with thousands of cones nobody would even notice if they went missing.

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are you saying that only people with 0.15 BTC hold them in their wallet? because no one with more than that is dumb enough to hold them in their shitty unsecured laptop

legally I do own it

>if your money is in a bank then you don't own it
yeah no that is not how it works

Banks are evil, you do NOT own anything if you have fiat there

ok what about my stock broker

do I own the stocks that are in my account there