Bitcoin

kamalktk

Justified & Ancient
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...the barter exchanges will take over again. People find what works and they will do what works. ..

A total impossibility.

So, you need a car to get to work. How do you value it. What are you going to barter for it ?

You can't use perishable goods as they won't store.

This is a serious question.
Salt. It worked for the Romans.
 

INT21

Justified & Ancient
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Apparently as a supplement to soldiers pay. Somehow I can't see it catching on these days.

Maybe we should bring back other Roman ideas. Any one for Gladiators ?

INT21.
 

INT21

Justified & Ancient
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Xanatic,

They, being of no practical use (you couldn't eat them) would be fiat currency.

I chicken = two OH.

Unlike the chicken, you can store the OH and accumulate wealth.
 

Vardoger

Bring the Beat Back!
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A cryptocurrency called QuadrigaCX owes 190 million dollars worth, but can't access it as their founder had the only password and he died in november.

Cryptocurrency gone with the wind
Is the Dead CEO Story Fake? Evidence Is Mounting That QuadrigaCX Pulled Off Massive Exit Scam
Don’t ask us to take off our tin foil hats! There are multiple allegations that QuadrigaCX might have played us all

QuadrigaCX, one of Canada’s most popular cryptocurrency exchanges, appears to be in a serious predicament — its customers can’t get access to $190 mln worth of crypto after its CEO, Gerald Cotton, unexpectedly died from Crohn's disease in India. Cotton was the only person who had access to the virtual keys to the exchange’s cold wallets, and many people suspect that the whole thing could be a huge exit scam.

Is he really dead?
The unfortunate death of the Canadian crypto CEO might not have even happened at all. Multiple scam allegations are picking up steam after the news spread like wildfire across numerous news outlets.



https://u.today/is-the-dead-ceo-sto...-that-quadrigacx-pulled-off-massive-exit-scam
 

Xanatic*

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I wouldn't say I doubt the death of their CEO, but they could very well be lying about him being the only one with access to the money.
 

Tribble

Furry Idiot
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It gets fraudier and fraudier...

When Quadriga Fintech Solutions Corp. founder Gerald Cotten died, account holders feared the encrypted access keys needed to recover C$190 million ($143 million) of cryptocurrencies held by the exchange in offline storage could be lost forever.

It looks now like the storage Quadriga is known to have used -- dubbed cold wallets -- has been empty since April.

Ernst & Young identified six cold wallet addresses used by Quadriga to store Bitcoin in the past. Five of those wallets haven’t had any balances since April 2018, and a sixth “appears to have been used to receive Bitcoin from another cryptocurrency exchange account and subsequently transfer Bitcoin to the Quadriga hot wallet” on Dec. 3. The only activity since was an inadvertent transfer of Bitcoin into that sixth wallet last month, which was disclosed earlier.


https://www.bloomberg.com/cybersecurity
 
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