Crypto CEO dies with the password to unlock $200+ million of customers' Bitcoin

Although sometimes “most convenient time for his estate not to have to pay the money he owed” is also the same as “deadly stressful period when the scams are being uncovered and the chickens are coming home to roost.”
Though in this case, there are a number of issues that raise red flags…

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These are not the kind of people who fake their own deaths.

That’s crazy talk.

They have more INTEGRITY than that.

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They must have tried that by now.

@stinkinbadgers

This is one of those movies I just know I’m going to end up watching someday even though every review screams NOOOO DON’T DO IT

I think its the reason nobody wants to risk making a Neuromancer movie.

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All the time, our customers ask us, “How do you make money doing this?” The answer is simple: Volume. That’s what we do."

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There won’t be any way. Encryption uses a digital key to completely transform data into a meaningless mess, and only the key can be used to change it back with currently available technology. The only thing that won’t be meaningless will be the bootloader, which will prompt the user for a password. Beyond that, you won’t even be able to identify a “My Documents” folder.

Good encryption is like throwing a paper into the fire rather than just shredding it. A shredded paper can be reassembled by industrial spies, but a pile of ash is meaningless. The digital key, however, allows you to magically unburn the paper.

Someday farther down the road, maybe it can be cracked using a quantum computer, because there are quantum algorithms that can crack certain types of encryption. But we’re a very long way from that level of progress, if it’s even achievable in the first place.

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You mock my good name, you scoundrel! I’ll have you know there is a file WITH MY NAME on every English-speaking user’s laptop!

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See! Security through obscurity works!

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Well… define imaginary. I think that when people shift from entrusting their credit to the protection of a nation and their legal system and police force, towards trusting a company with a shitload of computing power plus a bunch of anonymous people on the internet, it tells you something about the state of nations in general.

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I love to hear the phrase ‘if I get hit by a bus’.

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SETEC ASTRONOMY
 

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I prefer Dunning-Krugerrand.

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Because transaction fees and delays are too high and too inconvenient. Exchanges are basically unregulated banks. They take your deposit and then record it in their own ledger. You can then do transactions on that ledger quickly and cheaply, only needing to do a blockchain transaction when you cash out. This of course defeats most of the “purpose” of cryotocurrency.

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Wealth that effectively existed within one person’s brain and disappeared when he died sounds pretty imaginary to me.

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I am the only one thinking the widow actually KNOWS the password but won’t tell until investigation is done and THEN proceed to get all $190M to herself?

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I guess you can take it with you.

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Everyone can see those “lost” coins on the blockchain. The moment that one of them moves, a ballistic ton of bricks will be ready to fly.

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Admittedly, the book Johnny Mnemonic is complicated and any film without a gazillion dollar budget is unlikely to come close to conveying the all-out weirdness of the book. I mean, have you read it? So much stuff packed in there, in William Gibson’s characteristically lean prose. Sheesh! It’s the same hard problem with making Dune into a decent movie. It’s not even the unavoidable cost of a worldbuilding movie, it’s the concepts underlying everything therein that have to be made interesting and understandable.

Sometimes I think of the film Johnny Mnemonic as the warmup run for Keanu Reeves’ lead in The Matrix. I have quibbles with the casting of its minor characters.

It’s true the movie does have some of its moments. I think Reeves’ got some poor direction from Robert Longo. Reeves’ performance in Johnny… lacked nuance and if you look at the film itself, you see that the set dressing and human dressing (“costuming”) refer to Longo’s artwork. Longo’s performance art pieces probably did ok–I have no idea–but maybe having him direct a feature length film was just not a uh… perfect outlet for the man’s creativity. Some things do get lost in translation.

Imagine if the film had been directed by Ridley Scott, or James Cameron, or Stanley Kubrick, or Adrian Lyne. Or even the folks who brought us the [British] pilot episode of Max Headroom. No idea who gave it to Robert Longo to direct, but what was she/he thinking?

ETA: included a link re worldbuilding
ETA again: Keanu has the last name “Reeves” not “Reeve” --sorry Keanu if you are reading this! I corrected it! Don’t be sad!

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Yeah, at this point I think it a truly a coin flip if Cotten is actually dead.

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Or to mine coins. Either honestly by just being faster and cheaper than anyone else, or dishonestly by taking over such a large fraction of the mining business that they can forge transactions.

Well, they say you can’t take it with you, and that’s true, but this proves you can sure as hell take everyone else’s.

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