To: Snowshoe who wrote (104793 ) 3/5/2014 1:22:55 PM From: Maurice Winn Read Replies (1) | Respond to Depositing money with a bank makes people into unsecured creditors. That's hazardous to one's financial health. Some banks have government guarantees but that's problematic too because governments occasionally steal from everyone. They all do it by way of dilution of the money on deposit, but that's different. I mean they also decide to simply confiscate the money when times get hard. “On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet,” the statement read. “As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.”
