[dillondoyle]

I have something like 600 stuck in blockfi (original 1k - market value since then).

I had almost totally forgot about it until someone posted something on reddit, and they sent an email, and now I can't get the money out. I believe it's 50% 'stablecoin' 50% btc.

I do not follow crypto and think the proselytizers are a bit crazy.

In my mind I wanted a small amount of crypto exposure.

But post this stupidness, 5-6% or whatever interest does not correlate with what the actual risk seemed to be in my mind.

well rated corporate bonds are approaching that now. I was just googling examples I think big name corporates are sitting like 5.3%

so in my mind 5-6% was not a big bright ponzi warning sign, especially since they stopped taking new deposits to 'go legit.'

Like afaik there are big brand name corps that are b level rated that have coupons that or higher.

and would be shocking if they all went bust in the same week.

The risk -> return % seems like the yield should have been bigger

https://fred.stlouisfed.org/series/HQMCB6YR