(Topic ID: 235443)

Bitcoin: CEO dies. Is this going to cost you money?


By cottonm4

9 months ago



Topic Stats

  • 17 posts
  • 12 Pinsiders participating
  • Latest reply 7 months ago by Solmangrundy
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    #1 9 months ago

    https://www.cnn.com/2019/02/05/tech/quadriga-gerald-cotten-cryptocurrency/index.html

    The death of a Canadian entrepreneur has left a huge stash of cryptocurrencies locked off from the people who own them.

    Quadriga, Canada's biggest cryptocurrency exchange, said it's unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn's Disease while traveling in India.

    #2 9 months ago
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    #3 9 months ago

    "died of complications arising from Crohn's Disease while traveling in India."

    Sounds like he shit himself to death!

    10
    #4 9 months ago

    Yeah I wouldn't be heading to India if I had Crohn's.

    I'm kinda sick of hearing about Crypto and hope it goes away.

    #5 9 months ago

    This doesn’t sound suspicious at all....

    #6 9 months ago

    Crohns is no joke and can kill the young. Particularly if he was nowhere near a medical facility. But the circumstances makes one question. If he faked his death would he have access to everyone’s investment with that key?

    #7 9 months ago

    I say that he faked his own death and is sipping pinacoladas on an island with his new face.

    #8 9 months ago

    Hate to say it, but I agree with thehuemanatee. If you are smart enough to create a successful crypto currency, then you’d not be dumb enough to have a system only you know how to access...there would be a group of officers in the said company. India is a place where you can purchase a death certificate...especially if you have a nasty disease like Crohns...it makes it somewhat believable. Too many red flags with this one. If he truly was the only one who had access, then he certainly had access to all the accounts.

    #9 9 months ago

    Isn't every transaction on the blockchain recorded on a ledger? If he tried to cash out, wouldn't it be recorded somewhere? He'd have to sell the coins to someone to cash out and that would show up on the exchange.

    #10 9 months ago

    https://www.bloomberg.com/news/articles/2019-02-05/crypto-exchange-founder-filed-last-will-12-days-before-he-died

    Looks like Colton had his will made 12 days before his "death."

    Something smells rotten in India

    #11 9 months ago

    Maybe his password is Bosco?

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    #12 9 months ago

    it won't cost me a dime......

    #13 9 months ago

    What is Bitcoin?

    2 months later
    #15 7 months ago
    Quoted from TomGWI:

    What is Bitcoin?

    Digital currency that the mafia uses to sell/exchange goods from what I hear.

    I never have found a bank that would exchange bitcoin for cash. So its value to me is $0 since I cant use it.

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