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25275695 No.25275695 [Reply] [Original]

Even though it is supposed to be an insurance protocol, the investors in COVER were rug pulled hard yesterday with the hacker minting 40quintillion tokens worth about $11,826 quintillion.

If that one project that should keep us safe has this going on, can we still trust in anything about crypto anymore?

>> No.25275731

>>25275695
no we can't trust crypto, let's just sell everything and cut the crap. lol

>> No.25275764

>>25275695
It was an inside job 100%

I heard they even returned the money.. who does that? Lol

>> No.25275842
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25275842

>>25275695
Not all insurance platforms are scams.
There are some that are looking really good and offering nice solutions.
COVER was not my first pick at all.

>> No.25275846
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25275846

>>25275731
let's go and sell
I will buy as there's no tomorrow

>> No.25275994

>>25275846
idk what you buy but be wary not to get rekt anon
very volatile times here

>> No.25276137
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25276137

>>25275842

BTC iS kInG aNd AlwAy wILl be
aLtS SuCk bAd AnD WiLl aLl gO To ZeRo
YoU AiLl Se

>> No.25276357

>>25275695
i don't think we should give up that easy. another rugpull, so what... BMI and Nexus are still good looking insurance projects. it's a new niche and still developing. 2021 is going to be a year for these platforms.

>> No.25276634

>>25275764
maybe yes
maybe not
who knows
it caused a lot of damage anyway nad if it was an inside job it suckes

>> No.25276694

>>25276357
bmi is not even listed yet
pvt sale was closed for plebs
how the fck you know if they are any good
they won't start rolling for a few weeks
maybe months

>> No.25277020
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25277020

>>25276634
did you bought some
those things will never stop happening
i hope there won't be any other rugpull when it comes to insurance platforms
we need that, it can be our bread and butter

>> No.25277199

>>25276694
so what if it's not listed, you can see a potential if you dyor. when i was going through that cover thing it didn't caught my attention at all. if bmi manage to practice what they preach then it's going to be a game changer because they are not just about insuring the smart contracts but stablecoins and exchanges as well.

>> No.25277478

The yearn devs are all squashing bugs right now so that is a good sign. Cronje is also a cover fan

>> No.25277619

>>25275846
i'm not selling a shit, bullrun is yet to release a full potential, alts will explode. i hope there will be a correction before everything skyrocket.

>> No.25277863
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25277863

>>25277199
exactly my ideas
the research is very important but people think it's just overrated somehow
looking at what bridge is about is enough and hypes me a lot desu

>> No.25277947

>>25277863
yup, it's easier to listen on some influencer n00bs and get rekt, then come crying about how crypto is garbage.

>> No.25278222

>>25277478
yea idk why would anyone trust an exploited project just because of a partnership
maybe we'll get some updates about what happened but either way it sucks
glad i didnt fomo int cover and stayed with my initial idea about getting into bridge

>> No.25278738

>>25277947
exactly that's why insurances could be a helping hand
saw these guys talking about bmi and desu i would choose that over nsure, nexus and others bc i can insure multiple assets on their platform

>> No.25278899

>>25275695
it's actually extremely simple
buy btc at $1 and sell at $1m

imagine they want to insure your assets and they have such flaws that could end up in a big shitfest lol

try to find other better projects