That's one of the most bearish articles I've seen for btc in the last year.

Hell yeah, Bitcoin doesn't judge, that's the ***** point. This is why the US will be the last adopter of Bitcoin, they don't see the point because they do the judging. Most other countries will be eager to use Bitcoin because they'll need it.

Edit: This is the same argument as "Let's ban all knives because people are getting killed with knives".

Firstly, the US doesn't judge so much as impose their values on other countries. Values like not raping children. You might be ok with child rape, but civilized people aren't, and the US has done enormous good by choking off funding for it.

Bitcoin and altcoins came along and made child rape great again, or at least far more easily bought.

Secondly, bitcoin is for rich ponzi speculators and rich people doing illegal activities. Poor people have no real use for it. They have far better alternatives.
It's not the same thing at all. It's more like "let's ban flickblades/switchblades because they're the weapon of choice for the violent and have few legitimate uses". That's a proper analogy.

The market will decent what weapons have legitimate uses thank you very much

15 kiloton blast of values. my freedom boner can only get so erect.

Assuming anyone still wants any or it has anything beyond a novelty purpose.

Gizmodo - Crypto Exchange Says It Can't Repay $190 Million to Clients After Founder Dies With Only Password

Hopefully none of y'all (Canadians) had crypto with Quadriga / QuadrigaCX.

Yes. It was perhaps the most noble and life-saving act the US has ever done.
It's a feature, not a bug!

As this story develops it's a feature for the people who hold their own private keys and don't depend on a 3rd party. (Read: Owner took the money and ran).

"Not your keys, not your Bitcoin."

If you guys are just now following the Quadriga mess I feel sorry for you. This story has been incredible for the past month.

We may have a legit faked death on our hands along with over $200M of SFYL. Talk of hiring assassins and private eyes. It's a crypto buffet.

It's hilariously awesome. Check these links I posted in the other thread.

I stopped using Quadriga 2 years ago when they took a month and a half to process my withdrawal

Takes time to pair those withdrawals with deposits mang

This is being said a lot, but actually is how a lot of exchanges work. You don't want to tap in to your cold wallet every time people withdraw. Way too big of a security risk, it's a lot easier to pay withdrawals from your hot wallet. This will also be the one receiving deposits.

Cannot make this **** up:

Remember, they lost the cold wallet(s) when their founder "died"...

They lost access to their cold wallets. Anyone can still transfer to them if they feel like it.

Uhhh yeah.

The story was the the only person that knew where the cold wallets were was the dead CEO, and now, the company "accidentally" transfers $500k to the cold wallets.

If it wasn't for the fact he already likely stole $100M+, it would be hilarious obvious what's going on.

Not sure if you understand how a cold wallet works. EY has the adresses of the cold wallets so eventually we will find out if they really lost their private keys. There are nuch easier ways to defraud an exchange you run then pretending you lost access.

So did the guy actually die or not? It makes no sense to fake your own death when you could just steal a much smaller piece of the pie, live normally, keep the wheels churning, and still be mega rich.

Blockchain analysis has been done and no cold wallets have been found yet. It's unlikely they/the owner used a cold wallet.

It's more likely they've been skimming for 3-5 year and have ample funds personally, but the exchange itself was insolvent. Rather than facing the wrath of insolvency, he/they concocted this scheme.

My understanding was they had NOT located the CW addresses (if they even exist). There were theories but no one had confirmed they'd found them. Has E&Y confirmed they located them?

Yeah, this was my understanding as well.

There are none. It's all a rouse.

faketoshi dundee patent trolling JPM