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RE: LEO Roundtable #26: CBDCs, Earning Interest on Bitcoin and Where is Hive Going?

in LeoFinance5 years ago

I think what neal says about blockfi not being worth it makes total sense!

However I'm still with Rol and Khal - irrational though it may be I still have a little BTC in blockfi earning interest, but only 5% of what I hold!

Based on what you say about RUNE, I'm glad I bought some recently, that's something I'll be looking to get into - native BTC and RUNE paired sounds great - I don't trust WBTC at all!

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@jk6276 just wrote another great update about RUNE. I think that project is a big one to watch at the end of this year and early next. Lots of development happening in the background and a solid community as well.

For Blockfi - I do see Neal's point, but the risk seems very low to me. The reward otherwise would be 0 since I don't trust WBTC enough to put any significant amount of my Bitcoin into it. With BlockFi, you have reputable people and one of the largest crypto custodians in the world.

I still wouldn't put all my BTC into it, but I sleep better at night with BlockFi than wBTC

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I'll check out that Rune post,

I know what you mean about Blockfi, it's nice to earn something!

Have you tried withdrawing anything yet?

The two day delay is a stark reminder that YOU DO NOT CONTROL YOUR CRYPTO once it's on Blockfi!

It kind put me off, but i'll still keep around 5% in there.

Funnily enough I've got most of my LTC in there, I'm a bit less precious about that!

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