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Replying to Avatar Bitman

FTX has started reimbursing some clients who had funds on the exchange in 2022.

The payouts are being made in dollars, based on the price at that time.

In other words, anyone who held 1 BTC will receive only $18,000 😭

This is why maximalists always repeat the basics—because the basics work: “Not your keys, not your coins.”

Don’t fall for illusions. Until there is a truly decentralized platform like Aave running on the Bitcoin network, don’t risk your sats chasing yield.

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yaazer 10mo ago

Unpopular take...

They should feel fortunate they're getting anything at all.

They could have ended up with nothing.

At least with the FMV of BTC at the time of the implosion they can get back into BTC with SOMETHING.

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