This is supposed to be money? A store of value?
I've commented -- okay, ranted -- about the (IMO) insanity of so-called cryptocurrencies, most recently in the post Already a wacky year. Now, in breaking news, comes this:
"After founder’s sudden death, cryptocurrency exchange can’t access $190 million in holdings." A snippet:
After the founder of Canada’s biggest cryptocurrency exchange,
QuadrigaCX, died unexpectedly, about 115,000 clients have been unable to
retrieve $190 million in holdings — because the owner was the only one
who knew the password to access them, the company said.
The United States has stable currency (about 2% inflation at the moment; Canada's inflation rate is a smidge higher at about 2.5%). I'm happy to continue using dollars. Even if Steve Mnuchin loses his passwords.
Monday, February 4, 2019
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2 comments:
w-w-w-what? $190M lost? It is terror to love money. Conservation rules doesn't work for it.
LOL.
(Incidentally, I *just* discovered two comments you submitted for moderation months ago, about Dark Secret. Somehow, I never got the usual notifications. Thanks for those kind words.)
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