I’d just like to say, this is the kind of shit I’ve been expecting since Bitcoin first emerged.
Pseudo-Banking/Pseudo-Stock exchange with NO oversight, NO controls, and NO regulations.
So, this “Not A Bank” crypto exchange holds roughly $190 Million in various Cryptocurrencies.
It’s in ‘cold storage’ which seems to mean in a block-chain wallet.
The head of the exchange dies. He’s the ONLY guy who has the password. There is no redundancy or backup plan. There is no-one to appeal to. There is no one for the BANK sorry Not-A-Bank to appeal to.
Crypto, such a GREAT idea…
I gotta double check it but
Allow me to press F on the world’s smallest keyboard for these aching souls who are responsible for tripling the price of graphics cards and who at one point were consuming more electricity than all of Ireland in their chase of the least stable investment in history, instead of just getting a normal fucking job like they tell everyone else to do.