Jump to content

Former Ripple CTO Stefan Thomas Cannot Access His Bitcoin Wallet Containing 7,002 BTC Worth $231 Million


solodeji

Recommended Posts

  • Replies 2
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

36 minutes ago, solodeji 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.

Link to comment
Share on other sites

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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...