Say there is an interest-bearing account that pays even say some exorbitant number, 10%, 20%, whatever. Do you know what the interest payment is if there’s no money in the account?
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Zero, of course. Which is something to keep in mind when you think about competition from stablecoins and other digital assets.
In case you missed it, a bitcoin-only “wallet” called Coldcard suffered a major data breach that cost users at least $100 million worth of their bitcoin. It may be the biggest exploit of a wallet maker in crypto’s history. Usually attackers go after big targets, centralized exchanges, decentralized exchanges, gaming platforms, those kinds of things. Somebody
