BMW E60 5-Series Forum | 5Post.com  
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read  

Go Back   BMW E60 5-Series Forum | 5Post.com > BIMMERPOST Universal Forums > Off-Topic Discussions Board

Post Reply
 
Thread Tools Search this Thread
      02-06-2019, 07:12 AM   #1
MrRoboto
Brigadier General
Canada
1732
Rep
4,831
Posts

Drives: VO 1M
Join Date: Aug 2007
Location: Canada

iTrader: (0)

Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's

Have any of you been following this story? Sounds fishy to me.

https://www.cbc.ca/news/business/qua...ency-1.5005236
Appreciate 0
      02-06-2019, 07:17 AM   #2
Grumpy Old Man
Lieutenant Colonel
Grumpy Old Man's Avatar
Canada
3194
Rep
1,955
Posts

Drives: Porsche 993, 2015 MB GLK
Join Date: Sep 2018
Location: Niagara on the Lake

iTrader: (0)

I've been watching this story and was going to post it to the thread on Crypto.....I have no interest in putting any money into this, and that was before this happened. What a mess.
Appreciate 0
      02-06-2019, 07:32 AM   #3
detroitm2
Major
detroitm2's Avatar
United_States
894
Rep
1,066
Posts

Drives: 2018 M2
Join Date: Aug 2018
Location: Michigan

iTrader: (0)

Garage List
2018 BMW M2  [0.00]
Quote:
Originally Posted by MrRoboto View Post
Have any of you been following this story? Sounds fishy to me.

https://www.cbc.ca/news/business/qua...ency-1.5005236
Its difficult to hide any wrongdoing here. the founder died, and took with him, the keys to the vault so to speak. Fortunately, as with any crypto asset, the vault has a huge window in the front that anyone can see into. If the funds do still exist in cold storage, someone would just need to know the address to verify it.

Not saying its not BS, but saying if it was, it would be nearly impossible to hide from the public
Appreciate 0
      02-06-2019, 07:32 AM   #4
MrRoboto
Brigadier General
Canada
1732
Rep
4,831
Posts

Drives: VO 1M
Join Date: Aug 2007
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Grumpy Old Man View Post
I've been watching this story and was going to post it to the thread on Crypto.....I have no interest in putting any money into this, and that was before this happened. What a mess.
I'm not convinced the guys is even dead and/or the whole things was a sham. He filed his will 12 days before his death?

I would bet we will see more strict regulation around cryptocurrencies after this.
Appreciate 2
MKSixer14534.50

      02-06-2019, 07:36 AM   #5
Grumpy Old Man
Lieutenant Colonel
Grumpy Old Man's Avatar
Canada
3194
Rep
1,955
Posts

Drives: Porsche 993, 2015 MB GLK
Join Date: Sep 2018
Location: Niagara on the Lake

iTrader: (0)

Quote:
Originally Posted by MrRoboto View Post
I'm not convinced the guys is even dead and/or the whole things was a sham. He filed his will 12 days before his death?

I would bet we will see more strict regulation around cryptocurrencies after this.
Could be, from his pic he looks or looked young and healthy. Died in India in December, could be a fraud.

Last edited by Grumpy Old Man; 05-13-2019 at 10:43 AM..
Appreciate 0
      02-06-2019, 07:37 AM   #6
MrRoboto
Brigadier General
Canada
1732
Rep
4,831
Posts

Drives: VO 1M
Join Date: Aug 2007
Location: Canada

iTrader: (0)

Take a look at this.

Appreciate 0
      02-06-2019, 07:43 AM   #7
detroitm2
Major
detroitm2's Avatar
United_States
894
Rep
1,066
Posts

Drives: 2018 M2
Join Date: Aug 2018
Location: Michigan

iTrader: (0)

Garage List
2018 BMW M2  [0.00]
Quote:
Originally Posted by MrRoboto View Post
Take a look at this.

Interesting.

The bit about not disclosing their cold storage accounts is fairly common from what I've seen. But yeah, I'm on board with the "fishy" part as well.
Appreciate 0
      02-06-2019, 04:05 PM   #8
other_evolved
Major
1178
Rep
1,420
Posts

Drives: 2015 Chevrolet SS
Join Date: Oct 2012
Location: Saint Louis

iTrader: (0)

__________________
Present
2015 Chevrolet SS
2014 Jeep Cherokee Trailhawk V6
Appreciate 0
      02-06-2019, 07:31 PM   #9
BayMoWe335
Lieutenant Colonel
685
Rep
1,953
Posts

Drives: 2010 E92 335i 6MT
Join Date: Aug 2009
Location: US

iTrader: (0)

Crypto is the safest form of currency and its value will only rise.
Appreciate 0
      02-07-2019, 07:39 AM   #10
MrRoboto
Brigadier General
Canada
1732
Rep
4,831
Posts

Drives: VO 1M
Join Date: Aug 2007
Location: Canada

iTrader: (0)

Quote:
Originally Posted by BayMoWe335 View Post
Crypto is the safest form of currency and its value will only rise.
Clients of QuadrigaCX would beg to differ.
Appreciate 0
      02-07-2019, 08:13 AM   #11
Run Silent
Run Deep
Run Silent's Avatar
United_States
11869
Rep
3,322
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by MrRoboto View Post
Clients of QuadrigaCX would beg to differ.
I would hope he was being sarcastic.
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 0
      02-07-2019, 09:30 AM   #12
MrRoboto
Brigadier General
Canada
1732
Rep
4,831
Posts

Drives: VO 1M
Join Date: Aug 2007
Location: Canada

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
I would hope he was being sarcastic.
I can't tell anymore.
Appreciate 2
      02-07-2019, 03:08 PM   #13
IllSic_Design
Major
IllSic_Design's Avatar
United_States
704
Rep
1,396
Posts

Drives: 09 E92 335i
Join Date: Jun 2016
Location: Northern California

iTrader: (1)

Anyone with any knowledge on crypto(which you should have if you own any) knows that a coin/crypto is not actually yours if it is on an exchange. If it is on an exchange, you do NOT own the private keys to those coins, so if something happens or they go under, or they dont want to give it to you then you're kind of S.O.L. If you own crypto it needs to be stored on a hardware wallet(like a Ledger Nano) or even a paper wallet so that you make sure you have the private keys to your coins and that you are responsible for them/what happens to them.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:25 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST