Experts cracked laptop of crypto CEO who died with $137M, but the money was gone

Post by icebraining » Thu, Mar 07, 2019, 11:37 AM UTC

Firadeoclus wrote: post #275

dnautics wrote: post #242

Earlier quoted context omitted.

The current brand of capitalism is not "free to fuck anybody", it's actually worse, it's "target the poor". Neoliberal economists specifically call for stealing from workers: https://krugman.blogs.nytimes.com/2010/02/13/the-case-for-hi... > even in the long run, it’s really, really hard to cut nominal wages. Yet when you have very low inflation, getting relative wages right would require that a significant number of…

The point is that relative wages need to be adjusted as the value of jobs changes over time. Some work that was very valuable in the past might have low demand now. If wages are sticky then jobs where value drops faster than inflation will simply go away. That's not necessarily the best outcome if the employee could have coped with a pay cut. High inflation does not imply that real wages shrink on average.

Post by vermontdevil » Thu, Mar 07, 2019, 11:53 AM UTC

elliekelly wrote: post #222

tha_nose wrote: post #173

Earlier quoted context omitted.

The Central Bank isn't regulated, isn't transparent and certainly doesn't have any external auditors either. I don't think you understand how cryptocurrencies, central banks and regulations work. Also, regulations doesn't protect against hacks or theft or shady practices.

Do you have a source for any of this? Because my career as a securities regulation & banking attorney tells me the truth is actually the exact opposite of literally everything you’ve asserted.

Post by vectorEQ » Thu, Mar 07, 2019, 12:44 PM UTC

908087 wrote: post #202

tim333 wrote: post #102

Earlier quoted context omitted.

And the widow is left with just the 17 properties, 2 cars, yacht and plane that he earned through honest hard work. Another thing you could work into the plot is $9m appears to be with WB21 "Banking Redefined" which claimed a million users but was discovered to only have 135 downloads of its app (now removed), is run by a convicted fraudster and was awarded "Global Banker Award 2018" in a black tie ceremony that they…

That "award" ceremony video is both surreal and ridiculously cringe-inducing at the same time. It wouldn't surprise me if he actually felt like he had "achieved" something when he gave himself that award, either. It was like you were watching his fantasy of what people would say about him if he was a productive member of society instead of a criminal and fraud.

Post by MisterTea » Thu, Mar 07, 2019, 1:06 PM UTC

justinclift wrote: post #241

uberman wrote: post #3

For some reason this sounds like the plot of a movie starring Leonardo DiCaprio. CEO of Crypto Company... 1) Takes time off to build orphanage in region noted for fake deaths. 2) Subsequently dies unexpectedly. 3) Is immediately cremated. 4) Wife waits a month before saying "oh by the way he is dead" 5) Wife claims all keys on encrypted laptop 6) World watches as wallets mysteriously empty 7) Experts crack laptop 8)…

Plot twist: 10) The CEO was really an actor... hired by the "wife", who masterminded the whole thing Alternative plot twist: 10b) Both the CEO and wife are hired actors. The head of the orphanage was the mastermind

Post by blue4 » Thu, Mar 07, 2019, 1:13 PM UTC

Arn_Thor wrote: post #268

tim333 wrote: post #102

Earlier quoted context omitted.

And the widow is left with just the 17 properties, 2 cars, yacht and plane that he earned through honest hard work. Another thing you could work into the plot is $9m appears to be with WB21 "Banking Redefined" which claimed a million users but was discovered to only have 135 downloads of its app (now removed), is run by a convicted fraudster and was awarded "Global Banker Award 2018" in a black tie ceremony that they…

The applause echoes so tellingly in the mostly empty room..