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Cryptocurrency exchange loses $145 million after CEO takes passwords to the grave

By mongeese · 32 replies
Feb 3, 2019
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  1. QuantumPhysics

    QuantumPhysics TS Guru Posts: 984   +709

    Public speaking - especially as President - is supposed to be public record. It's not supposed to be incoherent rambling (Trump). It's supposed to be clean-cut, well-edited and most importantly: coherent.

    Just because a large amount of Americans (the poorly educated) want to be talked to by someone "they could have a beer with" doesn't mean it's supposed to be so.

    America has allowed ANTI INTELLECTUALISM to take over and has to wait till 2020 to completely cleanse the infection. This anti-intellectualism popped up before with Palin and now has come to a head with Trump.

    A President is supposed to use a teleprompter.

    A President is NOT supposed to be trolling social media ( I mean seriously???)

    A President is NOT supposed to speak in vague terms with dog whistling and racist innuendo or euphamisms.
    Silvernine likes this.
  2. Knot Schure

    Knot Schure TS Addict Posts: 220   +95

    Its amazing how much garbage you just spouted.

    The whole idea of crypto currency - is a currency the world banks, crooked politicians, etc CANNOT manipulate.

    Just like China trying to ban it - my wallet syncs just fine behind the great firewall I'll have you know. Further evidence of its continued use no matter what Beijing said.

    Speculation is the last thing I care about for crypto - I see it as a vehicle to buy / pay for things without significant banking fees. If you WANT to speculate - fine, that is up to you, but just because I have cash, doesn't mean I am trying to trade currency markets.

    As for their value being pegged to anything - are you for real? You can DESCRIBE its value in relation to ANY currency / number of donuts you like, but that doesn't mean its pegged to it, like the woeful Venezuelan currency.

    The reason people are paying CGT on cashing in Crypto, is due to the fact that it hitting their bank accounts is likely the first the Revenue ever learns of this 'asset'. If you suddenly deposit cash into your account, that too will be subject to CGT. You can trade your crypto for goods / services, without it ever hitting your high street bank, as you can with cash. Another argument shot down.



    "To date, countries that have issued their own cryptocurrencies include Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. Some of these countries are likely to take it a step further and replace paper tender altogether with China being one nation that is looking to take one step beyond a virtual and paper version.

    Of the countries looking to introduce their own cryptocurrencies, the world’s largest economies could force the hands of smaller nations and we would expect momentum to build in the years ahead. Central banks now looking closely at the successes and constraints faced by those who have already stepped into the light, though only in early September, ECB President Draghi stated in a press conference that no member state of the Eurozone can introduce its own digital currency, with the currency of the Eurozone being the euro."

    So your 'world bank powers' seem to be running scared in Europe.

    Dry those tears - Have a rotten day!
  3. Lew Zealand

    Lew Zealand TS Guru Posts: 516   +392

    If you mean the anti-intellectualism will recede in 2020, I disagree. That will never go away. It may rise and fall a bit but there's no chance of respect for educated people to somehow become the norm. Leaders may end up with due respect for advisers with an actual skill set corresponding to their government appointment, but the public? Not so much unless somehow it directly affects them.

    There is good and bad in every leader and IMO the best thing Trump does is his Twittering. He's such an egomaniac that he needs to tell everyone his every stream of consciousness tweet, which means we have access to the actual thought process of a world leader.
    Everyone else hides behind the facade of political propriety and therefore we don't actually know what they really think. I generally trust that Merkel, May, etc. are decent people but you really don't know. With Trump and Twitter, you KNOW he's an ***.
    Silvernine and captaincranky like this.
  4. captaincranky

    captaincranky TechSpot Addict Posts: 14,690   +3,847

    Hey um @Lew Zealand In that last sentence of your post, you either left out a few asterisks, or used the wrong article before them. (Sorry, don't mean to criticize, just looking for clarity).

    I would say that Trump tweets are dangerous in a manner you haven't considered. While you perceive them as "humorous", there are too many fools who hang on his every word. That's never good, when you're dealing with a pathological liar such as, "The Donald"..

    EDIT: Never mind, I see what you did there. You only used the first three letters of the seven letter pejorative I was expecting.. :D
    Silvernine likes this.
  5. QuantumPhysics

    QuantumPhysics TS Guru Posts: 984   +709

    #1 You don't know what you're talking about and it shows.

    Show me a country where the NATIONAL CURRENCY is Bitcoin (or crypto)

    Show me a Country where salaries, wages and pensions are solely paid in Crypto.

    Show me a Country where the GDP is crypto.


    But I'll continue.

    #2 Venezuela, Haiti, Cuba and Iran have the same exact problems: RACIST American economic WARFARE.

    #3 Please call me back when Bitcoin rises above $10,000 again.

    IT will NEVER happen.

    We'd be better off investing in Dave & Buster tokens.
  6. Knot Schure

    Knot Schure TS Addict Posts: 220   +95

    This is truly a dialogue of the deaf, and nice how you glossed over my facts.

    Any country using crypto, doesn't' HAVE to use only Crypto for everything, that is the beauty of having more than one currency.

    Usually the person shouting RACIST, are the racists. Have you worked in Venezuela? Nope? Well I have. You should take a trip and see how it is living under an illegal government. Try to laugh when you use your credit card (and not cash) for the Marriott just to see later the exchange rate put your room at an equivalent $600 USD / night. Nice pegging there.

    And what the PHUCK does the value to BTC mean in this argument? I told you - it matters not what it is worth, it matters only to those holding / speculating, which is NOT ME.

    And thanks for 'kid' comment, I'm older than that, and I know you know it.
  7. QuantumPhysics

    QuantumPhysics TS Guru Posts: 984   +709

    You should Block me - or I can Block you.

    I don't need to waste time on you or your nonsense.

    Take all your money and put it in bitcoin.

    Put your money where your mouth is.
  8. Knot Schure

    Knot Schure TS Addict Posts: 220   +95

    Block block block - are you TWELVE?

    OK, last example... I hired a guy from Canada to come out to Asia for a Cisco contract, to be my #2 man. I paid him in crypto, took around 7 mins, for which he was grateful.

    Now, had I sent money through the BANK, I would have paid ~42GBP in bank charges, plus they slap their (slightly unreasonable) exchange rate to it, and anything else they can think of.

    All I had to to was purchase some crypto, and that was it. I'm not 'putting all my money in BTC'... and nor would I suggest you do the same. Just buy what you need, and when it makes sense, and use what you bought. No need to hold.

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