solodeji Posted January 12, 2021 Share Posted January 12, 2021 https://heraldsheets.com/former-ripple-cto-stefan-thomas-cannot-access-his-bitcoin-wallet-containing-7002-btc-worth-231-milion/ Link to comment Share on other sites More sharing options...
wogojump Posted January 12, 2021 Share Posted January 12, 2021 36 minutes ago, solodeji said: https://heraldsheets.com/former-ripple-cto-stefan-thomas-cannot-access-his-bitcoin-wallet-containing-7002-btc-worth-231-milion/ Stefan isn't very smart, but Ripple gave him (his company COIL) a 1 billion XRP. So he is practically breaking even by selling the XRP funds "donated" to him by Ripple. This is a good real life example why Bitcoin, XRP, or any other cryptocurrency would be a terrible form of security. There would be no benefit to using cryptocurrency as a form of a security, when you can easily lose your master key. Actual securities that are useful, allow allow you to re-obtain or re-issue the security ownership to investors in cases like this. Link to comment Share on other sites More sharing options...
Benchmark Posted January 12, 2021 Share Posted January 12, 2021 4 minutes ago, wogojump said: Stefan isn't very smart, but Ripple gave him (his company COIL) a 1 billion XRP. So he is practically breaking even by selling the XRP funds "donated" to him by Ripple. This is a good real life example why Bitcoin, XRP, or any other cryptocurrency would be a terrible form of security. There would be no benefit to using cryptocurrency as a form of a security, when you can easily lose your master key. Actual securities that are useful, allow allow you to re-obtain or re-issue the security ownership to investors in cases like this. True. So maybe the cryptocurrency of the future has yet to be invented. Link to comment Share on other sites More sharing options...
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