TECHNOLOGY & RESOURCES - No rules for bitcoins
A virtual currency used for shady transactions is now the target of dodgy speculation. The impact of digital cash goes well beyond the web.
- Tuesday, 31 October 2017
Mr Smith may not be his real name, but the person hiding behind the pseudonym really does exist. He is a former tech worker from Silicon Valley who, as has been reported in Forbes, earned $25 million (€21.2mn) from an original $3,000 (€2,544) investment in bitcoin.
Autumn Radtke, on the other hand, is the real name of a 28-year-old woman from Wisconsin who took her own life in 2014 following the collapse of the Japanese company Mt. Gox, one of the world’s leading bitcoin exchanges. Due to circumstances that remain unclear, Mt. Gox suddenly shut down. The closure of the exchange caused grave damage to the First Meta fund, of which Radtke was the CEO.