Crypto CEO threatens customers after mistakenly sending them millions
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Re: Crypto CEO threatens customers after mistakenly sending them millions
#2So the threat is they get taxed on an unearned windfall? Spooky. It’s one thing to be afraid of a crypto exchange, quite another to be afraid of Johnny law.
And as far as getting doxed, well, more than one can play at that game. Not to mention that making that threat is not exactly earning them sympathy points.
At some point crypto holders and organizations will have to decide whether they want the law involved or not. Is it a new decentralized form of money that doesn’t need the government, or not?
Re: Crypto CEO threatens customers after mistakenly sending them millions
#3Hmm turns out trustless and decentralised might not be the best model for all financial infrastructure.
Re: Crypto CEO threatens customers after mistakenly sending them millions
#4Hmm turns out trustless and decentralised might not be the best model for all financial infrastructure.
Rai Stones worked really well, for a long time. Well, except for the one that fell off the outrigger.
Re: Crypto CEO threatens customers after mistakenly sending them millions
#5I would be cashing out as fast as humanly possible.
And setting aside a good chunk for taxes and legal fees...
Re: Crypto CEO threatens customers after mistakenly sending them millions
#6Hmm turns out trustless and decentralised might not be the best model for all financial infrastructure.
Good thing precisely zero people are proposing this for "all financial infrastructure".
It's an opt-in alternative, nothing more. If you don't want to use it, nothing forces you to (unlike existing retail banking).
Re: Crypto CEO threatens customers after mistakenly sending them millions
#7Hmm turns out trustless and decentralised might not be the best model for all financial infrastructure.
Good thing precisely zero people are proposing this for "all financial infrastructure". It's an opt-in alternative, nothing more. If you don't want to use it, nothing forces you to (unlike existing retail banking).
Do the people opting in truly appreciate that one software bug could empty their account?
Re: Crypto CEO threatens customers after mistakenly sending them millions
#8I might start getting into crypto after this.
No, but on a serious note, I don’t think cryptocurrency will ever be a sufficient replacement for the US dollar, but I can imagine the infrastructure going into it will produce new, helpful financial tools.
Re: Crypto CEO threatens customers after mistakenly sending them millions
#9I might start getting into crypto after this. No, but on a serious note, I don’t think cryptocurrency will ever be a sufficient replacement for the US dollar, but I can imagine the infrastructure going into it will produce new, helpful financial tools.
The financial industry doesn't need the kind of infrastructure you get from a new kind of decentralized blockchain.
Re: Crypto CEO threatens customers after mistakenly sending them millions
#10Earlier quoted context omitted.
Good thing precisely zero people are proposing this for "all financial infrastructure". It's an opt-in alternative, nothing more. If you don't want to use it, nothing forces you to (unlike existing retail banking).
Do the people opting in truly appreciate that one software bug could empty their account?
People who interact with non-bitcoin crypto tend to be a lot more knowledgable about the tech and its implications than an average person. So I would say the answer is probably yes.