thetyrannosaur:

theprisonindustrialcomplex:

concentrated-sunshine:

tyrantitar:

tiwaztyrsfist:

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

image

Lol

Crypto be like that….

Must be nice

♥ 51010 — 4 years ago on 19 Feb 2019 — via gaydeliverydriverunion
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