190 million gone forever? Crypto boss dies with passwords needed to unlock customer accounts

stupid comment for sure.

the World has been running on The Full Faith and Credit of The United States
for a hundred years now.
(but it ain't worth much today.)

Look at me I am a Cryptotard and we use the most advance secret technology of the world Blockchain. One small problem it's fucking useless in real world application.

it's not so easy to transfer gold around. Yet i can transfer 100s of millions of dollars within a minute for a fee of 42 cents using Litecoin anywhere in the world directly to anyone without having to rely on a 3rd party to do it. Think what that would do for business to business transactions.

THIS!

What "FUCKIN COINS"? There are no "FUCKIN COINS" period.

Imaginary currency.

Biggest scam to EVER hit the financial sector.

Honestly, both comments were dumb.

The gold standard is antiquated and unfeasible for the modern world, but if it were, there's PLENTY of gold to "back" all currencies on earth.. it's just a matter of price.

it's all imaginary currency.

the test is:

can you trade it for some other common identifier (dollars maybe):
and end of with wine and bread and steak on your dinner plate.

the answer is yes.

so it is about as real as it gets in this World, anyway.

It already happens daily with existing technology like Paypal, EFT, credit cards, etc.

We're not going back to using gold and silver as currency because it would be fucking retarded. Using gold as a separate store of value, yes. Any paper or digital currency works perfectly well as medium of exchange, we just need a way to preserve purchasing power (gold).

The problem is when we try to make the currency do what it never can do, due to Triffin's Dilemma. Time to separate the medium of exchange (currency - digital, paper) from the store of value (gold).

Crypto is a terrible store of value as everyone has learned over the last 10 years.. a store of value doesn't moon to 20k and then drop to 4k in a year. But it's a decent (potentially) medium of exchange.

Money is nothing but numbers on a piece of damn paper.

Isn't life more important that numbers on a piece of paper or how much money you have in your damn bank account?

In the end, we all go in the ground and once size fits all for your grave 6 feet under the ground.

You can't take your precious money and assets that you have worked for all your life to the grave with you.

In theory, it should add 190 million in total value to the rest of the market cap. In theory anyways.

no, because with these damn pieces of paper we can get
Big Macs, and I Phones, and XBoxes, and Cars and Cabin Cruiser Boats...

exactly.

Last Edited by woowoochic on 02/06/2019 10:00 PM

so, remember this thread. because today is the death knell
for Crypto Bullshit.

A fool and their money

Yes, crypto is super secure, that's why the investors' money is gone! Poof!

Code is LawL

No way bro, it's block-chain... it's so totally safe. Why put your cash in a bank where you access it 24/7, and it's insured, when you can sink it into a millennial's startup crypto-exchange where it will disappear forever? Can't believe people still use that worthless fiat shit!

yall are forgetting thr hidtory.ask yourself where this started big,dark web.yep dread pirate roberts,tor.

who ended up with the bigest holdings?
china at 51% fbi with like 28%,bottom feeders owned the rest.
i made the argument you cant beat the house and 51% is house.after that its been one big pump then strait to hell.but ive havent watched the daylies,just glp talk.

what im getting at is eyes to china folks.either you got a way to cash or china crashed the system.they owned it.

Various industries of all kinds, including banking, are implementing block chain because it doesn't lie.

yeh.

"the block-chain" and "put it in your wallet" makes me
feel so much better.

Because of a crook in Canada? LOL

That's like saying the stock market and Wall Street are done because of Bernie Madoff.

What an irresponsible dumb young fucktard to no prepare for a unforeseen death for his family

That's why you get a hardware wallet. Only keep your trading coins on the exchange if you need to take advantage of a short term trades. Usually this is crap coins.

Fortunately CRYPTOs are the safest currencies...sometimes !!

Yeppa

it does not happen with paypal, EFT and credit cards. You just named all 3rd party centralized organizations that control your transaction and can charge any fee they want or reject the transfer outright.

With crypto its peer to peer. Meaning no middle man.

Cryptos are safer than anything, if you actually hold them and not let a 30 y/o old fucktard hold them for you.