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Bitcoin Claims Its First "Real" Victim

Tyler Durden's picture




 

[UPDATE: Tech in Asia has updated the article to emphasize that suicide is only suggested and not certain]

The last few weeks have been dismally littered with two things. The virtual losses of virtual wealth from virtual currency speculation and the very real losses of very real humans with very real senior financial services positions. Sadly, as NewsWatch reports, tonight sees the two trends converge as the 28-year-old CEO of Singapore-based Bitcoin exchange First Meta has been found dead. The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial.

 

 

Via NewsWatch,

According to Tech in Asia, Singapore-based Bitcoin exchange platform First Meta’s 28 year old CEO Autumn Radtke committed suicide.

 

Reasons are currently unknown.

 

First Meta is a Singaporean start up company that runs a exchange platform for virtual currencies such as Bitcoin. The news of suicide of its CEO Autumn Radtke spread on Facebook and Twitter, drawing attention from the BItcoin industry.

 

The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial. First Meta has stated that an official announcement will be given by the company soon.

 

Before joining First Meta, Radtke was the Director of Business Development at Xfire – a company that develops IM systems for gamers. Radtke was also the Co-founder, Business Development at Geodelic Systems, Inc.

 

There have been 9 senior financial services deaths in recent weeks:

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

 

2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

 

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

 

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

 

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

 

6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

 

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

 

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

 

9 - James Stuart Jr., a "very successful banker" and Former National Bank of Commerce CEO found dead (with no details of what caused the death) in Scottsdale, Az.

and numerous Bitcoin-related losses - from today's Flexcoin "bank" losses to the infamous Mt.Gox debacle:

As Wired notes,

 

... But beneath it all, some say, Mt. Gox was a disaster in waiting. Last year, a Tokyo-based software developer sat down in Gox’s first-floor meeting room to talk about working for the company. “I thought it was going to be really awesome,” says the developer, who also spoke on condition of anonymity. Soon, however, there were some serious red flags. ...

 

According to a leaked Mt. Gox document that hit the web last week, hackers had been skimming money from the company for years. The company now says that it’s out a total of 850,000 bitcoins, more than $460 million at Friday’s bitcoin exchange rates. When bitcoin enthusiast Jesse Powell heard this, he was reminded of June 2011.

 

read more here

 

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Tue, 03/04/2014 - 21:47 | 4510062 Dear Infinity
Dear Infinity's picture

Rest in peace, Autumn.

Tue, 03/04/2014 - 21:49 | 4510074 Freddie
Freddie's picture

+1 Very sad.

Tue, 03/04/2014 - 21:59 | 4510104 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  

Yes to you above.  R.I.P. 

Tue, 03/04/2014 - 22:01 | 4510107 quintago
quintago's picture

You meant Suicided

Tue, 03/04/2014 - 22:15 | 4510152 Scarlett
Scarlett's picture

The very idea that she would would do it is ludricrous, for anyone who knew her.  

She was a wonderful girl, always a wonderful, laughing presence, whenever she was.

These bitcoin "exchanges" nobody has ever heard of before?  These are NSA setups.

 

Tue, 03/04/2014 - 22:19 | 4510171 max2205
max2205's picture

That star dagger thingy in her forehead should help determine a lot

Tue, 03/04/2014 - 22:22 | 4510184 fonestar
fonestar's picture

This is strange.  fonestar can't believe that Bitcoin exchange operators are being offed now?  Hopefully they get to the bottom of this woman's death.

Tue, 03/04/2014 - 22:32 | 4510222 acetinker
acetinker's picture

It's not strange at all, fone.  You ever hear of Lincoln, Garfield, Jackson or Kennedy?  Same as it ever was.

Tue, 03/04/2014 - 22:54 | 4510287 Almost Solvent
Almost Solvent's picture

Two blondes were in a bar watching the television when the news came on. It showed a guy on a bridge that was about to jump, obviously suicidal. "I'll bet you $10 he'll jump," said Betty.

"Bet you $10 he won't," replied Amber. Then, the guy on the television closed his eyes and threw himself off the bridge. The second blonde hands the first her money.

"I can't take your money," said Betty. "I cheated you. The same story was on the five o'clock news."

"No, no. Take it," said Amber. "I saw the five o'clock news too. I just didn't think the guy was dumb enough to jump again!"

Wed, 03/05/2014 - 00:02 | 4510467 Prisoners_dilemna
Prisoners_dilemna's picture

A tragic loss...

The revolution marches on.

localbitcoins.com is a great place to get bitcoins

Wed, 03/05/2014 - 00:16 | 4510499 maskone909
maskone909's picture

No women no kids. Very sad. Beautiful dog too.

Wed, 03/05/2014 - 04:57 | 4510887 stacking12321
stacking12321's picture

-1 for calling the dog beautiful - there are no beautiful dogs, they are all ugly hideous noisy smelly beasts!

Wed, 03/05/2014 - 06:47 | 4510970 GetZeeGold
GetZeeGold's picture

 

 

 

localbitcoins.com is a great place to get bitcoins

 

So much for the wake.......RIP Autumn.

 

Do they also sell snake oil?

Wed, 03/05/2014 - 10:12 | 4511302 MagicHandPuppet
MagicHandPuppet's picture

She was so cute.  I don't know much about her, but I'm saddened by her death.... though, not so much for the "suicided" bankers.  I really don't think an crypto currency entreprenuer should be in the same category as fiat banking scum.  Just my opinion.  R.I.P., Autumn

Wed, 03/05/2014 - 04:39 | 4510876 MeelionDollerBogus
MeelionDollerBogus's picture

Dirt cheap too http://flic.kr/p/kyKgtF as low as $5.76

Wed, 03/05/2014 - 04:59 | 4510889 TheHound73
TheHound73's picture

Learn to read a chart, spammer.

Wed, 03/05/2014 - 05:11 | 4510901 MeelionDollerBogus
MeelionDollerBogus's picture

You think thin black lines in price candles are volume bars, which are thick coloured bars, and you're telling me or anyone else how to read a chart?

U r mass1ve fail.

Wed, 03/05/2014 - 08:55 | 4511083 Tall Tom
Tall Tom's picture

That is one hell of a chart MDB. Of course you are correct.

 

Damn. Somebody dumped it big time. That was a smashdown attempt. That was concurrent with that type of Volume?

 

That makes Gold Smashdowns pale in comparison.

 

Where did you find that?

 

Edit: Original Source...http://bitcoincharts.com/charts/localbtcUSD#rg1zig15-minzczsg2014-02-28z...

Wed, 03/05/2014 - 08:40 | 4511080 Tall Tom
Tall Tom's picture

TheHound73...You need to learn to read a Candlestick Chart. That is one hell of a Tail. It plunged. No bidders on High Volume.

 

I wonder who in the hell dumped it.

Tue, 03/04/2014 - 23:17 | 4510348 fonestar
fonestar's picture

It's not strange at all, fone.  You ever hear of Lincoln, Garfield, Jackson or Kennedy?  Same as it ever was.

fonestar is not sure but thinks those might be Dead Presidents, not CEO's of some minor Bitcoin exchange overseas.

Tue, 03/04/2014 - 23:47 | 4510420 TruthInSunshine
TruthInSunshine's picture

Fonestar - should I invest in anuscoin or taintcoin?

I'm torn but am confident you know the details of each one with exacting precision.

Thanks.

Tue, 03/04/2014 - 23:59 | 4510458 Prisoners_dilemna
Prisoners_dilemna's picture

Answer found here at imaginary markets

Wed, 03/05/2014 - 00:03 | 4510471 DaddyO
DaddyO's picture

Hey Tylers, it would appear this poor unfortunate woman is not the only death so far in the cryptocoin world.

Read This; http://www.cryptocoinsnews.com/2014/02/28/crypto-community-mourns-loss-autumn-radtke-still-remembers-mikhail-sindeyev/

DaddyO

Wed, 03/05/2014 - 01:40 | 4510673 HisNameIsRP
HisNameIsRP's picture

I like shit-coin myself, apparently it has a block-stain that cannot be replicated

Wed, 03/05/2014 - 03:04 | 4510792 Sokhmate
Sokhmate's picture

truthinsunshine, why not consider titcoin?

Wed, 03/05/2014 - 03:24 | 4510819 zionhead101
zionhead101's picture

"HER NAME WAS AUTUMN"

CEO, First-Meta

She drank your koolaide, and she put all her money, and family money, and friend money, and CALIF/ISRAEL VC money, and TRIAD money into BTC, then it evaporated.

Somebody terminated her life FONEY cuz she was doing what your told her to do.

When are you going take some responsibility?

 

Wed, 03/05/2014 - 04:20 | 4510862 TheHound73
TheHound73's picture

LOL, so this 20-times banned reject is leveling charges of involuntary manslaughter.  Fuck off zionhead. This is fightclub, where different views and opinions are hashed out.  If somebody offs themselves because of a fonestar web comment, frankly, the human race is better for it.  But you don't know shit about the circumstances leading to her death.

Wed, 03/05/2014 - 09:10 | 4511133 Tall Tom
Tall Tom's picture

You don't understand the laws. If you were to suggest that somebody off themselves, and they do as a result of your suggestion, then you can be held liable for Civil Damages as well as be held liable for possible CRIMINAL PROSECUTION.

 

Now maybe you have nothing to lose but I am sure that ABC Media has something to lose.

 

You lack compassion and respect for other's lives.

 

With Freedom of Speech comes a great responsibility. It does not give you license to use it recklessly...regardless of whether or not this is "Fight Club".

 

Make the suggestion about offing Certain Members of the United States society and you will find yourself visited by the Secret Service, jailed everytime that they frequent your town until they leave...for the rest of your life.

 

It is just a Heads Up for future reference.

Wed, 03/05/2014 - 21:51 | 4514843 acetinker
acetinker's picture

Jeezus fucking H. Christ!  Tall Tom spouts 'code' as if it were law.  You ever have a exchange with Chupacabra-322?  Tell us again TT, what it is you do for a living?

I believe your handlers call you a 'useful idiot'.

Wed, 03/05/2014 - 08:04 | 4511044 superflex
superflex's picture

You're going to have to do better that that troll.

Tue, 03/04/2014 - 23:39 | 4510411 Freddie
Freddie's picture

You are forgetting President William McKinley.  He was in favor of "bi-metalism." What is that? Making gold and silver legal currency with fiat.  Look it up.  It has not been wiped from the Internet - yet.  McKinley seemed like a pretty good guy too.

Wed, 03/05/2014 - 09:13 | 4511140 Tall Tom
Tall Tom's picture

So they killed him.

Wed, 03/05/2014 - 10:51 | 4511465 Dollarmedes
Dollarmedes's picture

Yeah...I heard McKinley went both ways.

Tue, 03/04/2014 - 22:52 | 4510283 acetinker
acetinker's picture

Let me up the ante...  How about Napoleon, or that most evilest of all bastards Hitler.  Each and all knew the evils of banking, and sought to oppose it.  Dunno why we call the frenchy by his first name.  I guess it sounds more menacing than Bonaparte.

Tue, 03/04/2014 - 23:14 | 4510337 CrashisOptimistic
CrashisOptimistic's picture

If there is anything ZH should be able to teach you, it's a healthy cynicism -- which would lead you to conclude that had Hitler won that war, he'd be one of the most noble and moral me who ever lived, and any evidence to the contrary would not exist.

Wed, 03/05/2014 - 00:14 | 4510495 willwork4food
willwork4food's picture

Yes, and to think Hitler was the most evil is ludicrous if you study history-not scripted history. Pol Pot, Stalin and Cheney makes Hitler look like a schoolyard bully.

Wed, 03/05/2014 - 03:21 | 4510816 zionhead101
zionhead101's picture

OBAMA & HITLER are the same,

Little men bitches owned by other men,

BUSH, HEARST, FORD, ROCKEFELLER brought HITLER to power

CASS SUNSTEIN and KAGAN brought OBAMA to power.

Wed, 03/05/2014 - 07:06 | 4510973 GetZeeGold
GetZeeGold's picture

 

 

Which is why Obama always skips the security briefings....it leaves more time for golf.

 

So what time does Reggie show up?

Wed, 03/05/2014 - 01:30 | 4510654 goldflows
goldflows's picture

Fonstar you are crap.  Here now are a bunch of dead finace execs, some of which weren't even close to anything that has caused ppl to commit suicide before, and you think its a conspiracy??

The girl proably

a. took the money and used it

and

b. gave the appearance of having bitcoins to customers but actually traded them all away to illiquid markets.

People have invested way to much becasue of rotten scum like you, and lost it all.

I thank God I never bought a single one, and I pray for those that have yet to lose it all, including you fonestar.. as hard as it may be.

 

Wed, 03/05/2014 - 02:45 | 4510768 zionhead101
zionhead101's picture

Actuality she was tied to the hip with Karpeles running MT-Gox, ... Karpeles got out and escaped to Israel, Autumn didn't make it back.

Game-Over as we say in SIM-CITY.

*

I'll say one more thing for you all to think about, the ZIO- have been screwing ASIA with GoldmanSacks scams and JPM toilet paper. Then the CIA just killed all those people saturday night in KUNMING.

Just maybe saying that the CHINESE-MAFIA, just maybe might hit back ZIO- where it really hurts on these billionaire's facefuck zio- wannabe's in the making, ... follow the money, and it all leads to big money back in Israel.

Just saying that if I were CHINA and wanted to get even steven with the assholes, I would go after their spawn.

 

Wed, 03/05/2014 - 05:01 | 4510893 stacking12321
stacking12321's picture

goldflows, you are an idiot who doesn't understand the concept of personal responsibility.

your investment decisions are 100% your own responsibility, regardless of what fonestar or anyone else says.

if you can't understand this simple concept, you deserve to lose all your money.

 

Wed, 03/05/2014 - 03:18 | 4510808 zionhead101
zionhead101's picture

Well Autumn, didn't make it out, Karpeles made it back to Israel, and SHREM is in an AIPAC safe-house.

I think after the YAKUZA failed to snatch Karpeles the TRIAD wasn't going to take any more chances.

*

Sure as shit, these ZIO's setup shop in ASIA, cuz the law's don't stop you from ripping people off, but when you do rip people off in ASIA, you have to face the MAFIA.

In the USA First-Meta, and MT-GOX couldn't and didn't setup shop for legal reasons, they thought they were safe in ASIA to scam idiots, ... they were wrong.

GS & JPM learned the same lesson in CHINA, and they sold out and ran for their lives.

Tue, 03/04/2014 - 22:25 | 4510200 HungryPorkChop
HungryPorkChop's picture

Clue #1 that Bitcoin was a setup should have been all the positive front page press it received.  Remember the week Overstock started accepting Bitcoin and sold a record amount of goods? I smell something fishy on this one.

But don't worry!  It's probably the exact same group(s) that are also involved in dive bombing gold and silver the past two years. I believe they will continue and do this until the whole economy implodes due to the non-ending manipulation and gaming by this or these group(s).

 

 

Wed, 03/05/2014 - 01:57 | 4510329 Mine Is Bigger
Mine Is Bigger's picture

The world wold be a better place if more people believed in reincarnation and karma. 

Wed, 03/05/2014 - 00:35 | 4510558 aerojet
aerojet's picture

Just because someone was fun to be around doesn't mean there is some grand conspiracy committed by some intelligence agency.  Lots of people in the financial industry are bipolar--high highs and low lows.  It seemingly does not take much for such people to do harm to themselves.  I told you how this Bitcoin thing would play out.  You think 'hackers' stole the money over time?  Oh no, it was part of the scheme from the beginning.  I thought the buildup to the unwind would take another couple of years, but it topped out very fast in the end.  Until next time...

Wed, 03/05/2014 - 04:26 | 4510867 A Nanny Moose
A Nanny Moose's picture

Why there ought to be a law....

These exchanges and crypto currencies are dangerous. We need more gummint to protect us from anarchistic crypto currencies.

Wed, 03/05/2014 - 07:32 | 4510984 GetZeeGold
GetZeeGold's picture

 

 

We need more gummint

 

I'd be willing to over spend the budget by a couple trillion dollars if we could just get that.

Wed, 03/05/2014 - 12:34 | 4512085 fonestar
fonestar's picture

More fake libertarians showing their true colours.  fonestar rests his case.

Tue, 03/04/2014 - 22:17 | 4510167 UnpatrioticHoarder
UnpatrioticHoarder's picture

Can't wait until the code development standards at these outfits are laid bare ala http://thedailywtf.com

Tue, 03/04/2014 - 23:20 | 4510356 Chupacabra-322
Chupacabra-322's picture

Guess she just "Bit" the dust.

Wed, 03/05/2014 - 03:06 | 4510797 Reptil
Reptil's picture

supposedly $ 600K in Bitcoins was stolen.
http://www.cbc.ca/news/business/bitcoin-bank-flexcoin-shuts-down-after-6...

is that reason to kill yourself?
I don't think so, myself.

Wed, 03/05/2014 - 03:14 | 4510804 zionhead101
zionhead101's picture

If you drank the fonestar Koolaide and put your life savings and your familys life savings in to BITCOIN that was going to a MILLION like everone was told, then yes, these losses will cause 100's to die, fonestar is first degree murderer.

*

Flexcoin made the abrupt announcement on its website Tuesday, admitting that it had been robbed of 896 bitcoins after a thief or thieves managed to collect them from Flexcoins servers and transfer them to two bitcoin wallets — a unique string of numbers and letters that function similarly to an email address, and bitcoin's equivalent to individual bank accounts where customers store money.

At current market rates, the theft amounts to more than $600,000 US. The figure represents the bank's entire bitcoin holdings online, effectively wiping out any customers who held assets there.

*

Long ago I warned FONEY this would come, and how would he feel, he didn't seem to care now or then, because foney is a sadist.

 

Wed, 03/05/2014 - 03:56 | 4510813 TheHound73
TheHound73's picture

Nobody's ever heard of Flexcoin but the media sure had a field day over it.  A whole 6 hours of mining production down the tubes.

Press reports I've read said their "hotwallet" was stolen.  If they followed common practice, hotwallets contain up to 10% of total holdings.

Wed, 03/05/2014 - 04:51 | 4510883 zionhead101
zionhead101's picture

Mea Culpa, .. I want to apologize to fonestar, he's not a sadist, he's sociopath.

Get's satisfaction out of bring misery to the lives of others.

Tue, 03/04/2014 - 21:49 | 4510075 cossack55
cossack55's picture

The clue.....XFire....for gamers.

Tue, 03/04/2014 - 21:58 | 4510086 kodachrome
kodachrome's picture

I want to see an article on zerohedge about all this hubbub.

It could literally replace all of our banks as we know it and nobody would have to 'use bitcoin' to use it.

http://www.reddit.com/r/neobee/

Then maybe people can stop dying and we can have an economic revolution again.

Companies plans:

http://lmb-holdings.com/LMB_Holdings_Prospectus.pdf

It's based in Cyprus, where the banks haircutted everyone.

 

TL;DR,

There's a bank that can be denominated in euros but is backed by bitcoins, you get a debit card and use it like a debit card. You can choose either to be tied to your euro value or fluctuate with the bitcoin market (ups and downs).

 

Discuss / Tyler write an article with your edgy style. :)

 

Tue, 03/04/2014 - 22:55 | 4510291 TheReplacement
TheReplacement's picture

Bitcoin has been bashed to hell and back on ZH and you come on here suggesting that it may be a good idea to use a fiat currency to front Bitcoin as if it was some sort of asset or commodity? 

BITCOIN IS NOT REAL

Tue, 03/04/2014 - 23:15 | 4510345 CrashisOptimistic
CrashisOptimistic's picture

Neither is gold.

It's "value" is solely in the imagination of parties involved in a transaction.

Contrast this with the calories in food or the joules in oil.

Tue, 03/04/2014 - 23:29 | 4510386 DaddyO
DaddyO's picture

Gold is Real, Tangible and slinks when I have a few coins in my dirty mits.

Bitcoin makes my muscles jump and twitch as the electrons fly about inside my arm.

My imagination runs wild with excitement at the very 'real' prospect of holding those shiny little coins.

Not so much at the thought of those electrons bouncing about in my body.

DaddyO

Wed, 03/05/2014 - 00:24 | 4510518 CrashisOptimistic
CrashisOptimistic's picture

How about the feeling of a full belly.

Wed, 03/05/2014 - 03:15 | 4510806 Bunga Bunga
Bunga Bunga's picture

And how about a fart coming out of a full belly?

A FART IS REAL,

I can even hold it in my hand.

Wed, 03/05/2014 - 07:14 | 4510988 GetZeeGold
GetZeeGold's picture

 

 

Neither is gold.

 

Accepted for thousands of years.....and counting.

Wed, 03/05/2014 - 09:25 | 4511168 Tall Tom
Tall Tom's picture

In addition it is demanded by 95% of the World's Population...It is liquid in most every Nation on the face of the Planet.

 

When it comes right down to it it is totally representative of Calories as it takes Energy to extract it and refine it.

 

Some may call it "Energy Wasted" But since 95% of the people do not call it that then I will seek to provide them with that which they desire.

Wed, 03/05/2014 - 00:20 | 4510512 silverserfer
silverserfer's picture

CrashO is BLIND to the flaws of human nature. Commerce will always be corrupted without gold to keep men honest. 

Wed, 03/05/2014 - 00:56 | 4510595 Ecclesia Militans
Ecclesia Militans's picture

I understood that the intrinsic value of gold included its properties as a non-reactive metal.

Wed, 03/05/2014 - 01:10 | 4510620 TheHound73
TheHound73's picture

Everything has unique properties.  Humans assign differing values to certain sets of properties over time and in different contexts.

Wed, 03/05/2014 - 01:45 | 4510680 silverserfer
silverserfer's picture

the verdict is already in. If there are only a few things that people from diffrent parts of the world over time have in common is gold. You can trust it as you could own a physical manifestation of the word TRUTH. 

 

Wed, 03/05/2014 - 02:08 | 4510722 TheHound73
TheHound73's picture

Gold is certainly the safest bet, given its track record, no arguments there.  If a technological breakthrough occurs impacting the scarcity/supply of gold, the amount of goods that can be traded for gold would decrease while its intrinsic properties remain unchanged.

Wed, 03/05/2014 - 04:36 | 4510875 MeelionDollerBogus
MeelionDollerBogus's picture

That's not a technological breakthrough, that's breaking & rewriting all the laws of nature, up to and including changing space-time itself, it's that massive.

It's not ever happening.

At bare minimum we'd need to be able to cause a supernova at will.

Wed, 03/05/2014 - 05:01 | 4510895 TheHound73
TheHound73's picture

Plenty of free floating gold in the oceans.  Bio engineer plants that concentrate AU ions and harvest at a profit.

Wed, 03/05/2014 - 05:10 | 4510900 MeelionDollerBogus
MeelionDollerBogus's picture

No profit there. You need something other than gold: energy. Harvesting the oceans for less gold than you can find in rock will take more energy than all the solar+wind+nuclear+oil on Earth and you'll probably fuck up the water too.

Given that the water is far more essential for life than the gold, this process would be suicidal if it worked & it would drive us to energy poverty if it didn't.

Is your job to sit around all day inventing new Fails?

Wed, 03/05/2014 - 06:28 | 4510962 ed31337
ed31337's picture

Actually, it doesn't require breaking any laws of nature to create gold. All you need is some mercury and a neutron generator to induce elemental transmutation. Why do you think the gov't wants to keep all these old nuclear power plants going? Why does the gov't want to prevent most other countries from getting nuclear power, even if they are supposedly building nuclear power for peaceful purposes? There's always more to the story than what they publish to the press.

Wed, 03/05/2014 - 21:10 | 4514644 MeelionDollerBogus
MeelionDollerBogus's picture

Except that will produce less gold per unit of time & energy than mining. In fact you could probably use up all the energy we'll ever have as a species & never come up with as much gold from one mine using fissin or fusion.

Wed, 03/05/2014 - 04:35 | 4510874 MeelionDollerBogus
MeelionDollerBogus's picture

No, physics defines those properties & no humans can change this.

Wed, 03/05/2014 - 04:48 | 4510879 zionhead101
zionhead101's picture

All bitcoin 'bankikng' comes from SIM-CITY, virtual worlds, game-playing, ... virtual currency, where you could buy furniture for your virtual apartment, ... what do you expect 20 years of kids playing 'computer games', and now they're in their late 20's and early 30's in real world. Talking to them about something like 'physics', might as well talk to a dog about physics.

The virtual world any thing can be made right, or made up, all is virtual, love, money, stuff, ... its all as real as the internet.

*

Make no mistake here that that MT-GOX came from virtual game playing, and FIRST-META ( girl who died OP subject ) was running a business so people could trade SIM-CITY  money and LINDON-DOLLARS in out of dozens of virtual online worlds, and she apparently decided to use BITCOIN as her "RESERVE CURRENCY", after all everybody knew it was going to MILLION BUCKS per BTC, because fonestar said so.

*

The entire problem here is that when you take a 10 year old and put him in these virtual worlds for 20+ years, and then bring him to ZH, do you honestly think you can talk anything fucking real with them?

Even though they have lost their ass, and real people are being killed, and dying, and have thier life savings lost, ... not a one fucking cares. This is called Sociopath, in other words all these BITCOIN whores are sociopath's and they will never man up to it.

 

Wed, 03/05/2014 - 01:13 | 4510625 Donewidit
Donewidit's picture

Deuteronomy 25:14 You shall not have in your house differing measures, a large and a small. 15"You shall have a full and just weight; you shall have a full and just measure, that your days may be prolonged in the land which the LORD your God gives you. 16"For everyone who does these things, everyone who acts unjustly is an abomination to the LORD your God.

Wed, 03/05/2014 - 02:32 | 4510752 ultimate warrior
ultimate warrior's picture

5000 years of history show gold to be quite valuable. Central banks still hoard it, governments depend on it. Your argument is a giant fail.

Wed, 03/05/2014 - 02:59 | 4510788 TheHound73
TheHound73's picture

You're both right, history being the record and trend of individual transactions built up over time.

Wed, 03/05/2014 - 04:34 | 4510873 MeelionDollerBogus
MeelionDollerBogus's picture

No, gold's value is not a price, it's what the atoms do.

I use gold in my teeth, electronics & soon it will be in nanogold catalysts that far outperform other industrial catalysts.

The reason it can be used as money is just part of the atomic properties to do with safe-handling, easy detection of purity & rarity over-all.

Gold has many values & only one small part of that is trade-value.

Tue, 03/04/2014 - 23:33 | 4510397 fonestar
fonestar's picture

BITCOIN IS NOT REAL

Then neither are systems or math you fucking mental rejects!  STOP BREEDING!!!

Wed, 03/05/2014 - 00:11 | 4510486 FEDbuster
FEDbuster's picture

Think no computers, no internet, no electricity.....then no Bitcoins. 

Gold and silver, the barbarous relics, have a few thousand years of history as "money".  Note she is not wearing Bitcoin bangles on her wrists.

Wed, 03/05/2014 - 00:21 | 4510514 Buckaroo Banzai
Buckaroo Banzai's picture

Unfortunately, a meaningful portion of the human race would also cease to exist if we lose electricity, computers, and the Internet.

There is plenty of room for new and different kinds of money in the Internet age.

Wed, 03/05/2014 - 00:38 | 4510568 aerojet
aerojet's picture

Maybe, but it is going to have to wait until the grip of those who control all loosens somehow.  There is no room for a digital currency under current conditions because there is nothing that is beyond the reach Goldman Sachs, JP Morgan, etc.  

They have fucked us--just look at gasoline prices.  Completely unhinged from supply and demand, manipulated by the whims of traders and bots that are who knows where.  It is very much like Skynet except the system has turned towards mass murder yet.

Wed, 03/05/2014 - 02:10 | 4510728 TheHound73
TheHound73's picture

In the meantime, for every good/service you purchased this week you used dollars, amirite?

Wed, 03/05/2014 - 04:32 | 4510872 MeelionDollerBogus
MeelionDollerBogus's picture

#1 no choice

#2 incredibly stable

You have no counter-argument.

Wed, 03/05/2014 - 07:24 | 4510997 GetZeeGold
GetZeeGold's picture

 

 

STOP BREEDING!!!

 

Sieg Heil.....Mein Fuhrer!

Wed, 03/05/2014 - 04:32 | 4510871 MeelionDollerBogus
MeelionDollerBogus's picture

no, I'm pretty sure the meaningful portion are those who know how to live well with none of those things.

Wed, 03/05/2014 - 10:16 | 4511318 jackstraw001
jackstraw001's picture

"Unfortunately, a meaningful portion of the human race would also cease to exist if we lose electricity, computers, and the Internet"

Read "One Second After" by William Forstchen to see how life in the US would change without electricity.  Scary and far too imaginable.

Wed, 03/05/2014 - 00:27 | 4510532 prains
prains's picture

one day bonestar you will be roasted on a spit and eaten for no other reason than the people who ate you were hungry and you were easy to catch. this is your reality and the ethereal imaginations of your beloved shitcoin will not be there to save you as you go round....and...round... the flames.

 

sad day for you

Wed, 03/05/2014 - 00:28 | 4510533 silverserfer
silverserfer's picture

your bitcoin system is FUNGIBLE fone. THe math of bitocoin will sucome to its inevitable demise if you follow basic probabliities. The math of bitcoin only works in closed system for nerds when EVERYONE is playing by RULES. The internet is the farthest thing from that.

Wed, 03/05/2014 - 00:33 | 4510552 zionhead101
zionhead101's picture

Mt-Gox was a real gaming company, and META-First was also a real gaming company that help Sim-City people and Linden Dollars, and turn them into BITCOIN.

Yes, in the game world those that don't play by the rules get banned ( think ZH ) but in the real world those who don't play by the rules can take all your real money.

*

Get back to META-FIRST and the Dead girl and follow her and Sim-City into the black-market of ASian Triad deals.

 

Wed, 03/05/2014 - 00:40 | 4510571 aerojet
aerojet's picture

Quit hating on the guy.  It was a nice try all around, but the scammers took it down an whether they were in it from the start or just saw the opportunity later is grist for another day.

Wed, 03/05/2014 - 09:39 | 4511208 Tall Tom
Tall Tom's picture

Then neither are systems or math you fucking mental rejects!  STOP BREEDING!!! 

 

Math is not real but conceptual. It is not tangible.

 

I have never held an Ideal Sphere or an Ideal Circle. I cannot digest Integrals. I cannot drink a Differential Equation. I have not ever seen a Negative.

 

I have not ever defined anything that is South of the South Pole, where the only direction is North.

 

I can USE MATH to describe reality and make predictions. It is a language, an abstract concept, that can be used descriptively. But in, and of, itself it is not real.

 

In fact the Universe is much better described using the Complex Number System. But even a part of that is totally imaginary. (PUN)

 

Would you like to discuss Math with me, Fonestar???

Wed, 03/05/2014 - 00:43 | 4510561 Kirk2NCC1701
Kirk2NCC1701's picture

"BITCOIN IS NOT REAL."
I was told it was VIRTUALLY REAL.
Or was it REALLY VIRTUAL? I forget.

Wed, 03/05/2014 - 03:17 | 4510807 Bunga Bunga
Bunga Bunga's picture

GOD IS NOT REAL, don't trust god.

Wed, 03/05/2014 - 04:49 | 4510881 mt paul
mt paul's picture

can you buy god

in kilo bars..

Wed, 03/05/2014 - 10:05 | 4511279 Tall Tom
Tall Tom's picture

I can infer the reality of God because of the inherent Mathematical Probabilities of existence are extremely close to an infinitesimal when considered as a Chance Event.

 

If the Universe was not manifested as a Chance event then it was manifested by design. It it was manifested by design then there was a designer.

 

As Roger Penrose, an esteemed colleague of Stephen Hawking writes, in his book, "The Emperor's New Mind", 1989; Michael Denton, Nature's Destiny, The New York: The Free Press, 1998, p. 9

This now tells how precise the Creator's aim must have been, namely to an accuracy of one part in 1010123. This is an extraordinary figure. One could not possibly even write the number down in full in the ordinary denary notation: it would be 1 followed by 10123 successive 0's. Even if we were to write a 0 on each separate proton and on each separate neutron in the entire universe- and we could throw in all the other particles for good measure- we should fall far short of writing down the figure needed.

 

Would you care to debate that with me?

 

I have previously exposed that God is Light and that this fulfills the requirements of Omnipotence, Omnipresence, and Omniscience (to the consternation of KirkNGC1701)

 

What is funny is that an ancient "backwards" people could write thet, "God is the Light. In Him there is no darkness." without any knowledge of Special Relativity. and NAILED the NECESSARY ATTRIBUTES ON THE SPOT. And this was accomplish by a "lucky guess"???

 

So if you want to go off on that tangent I am more than game for that. But this thread is about an unfortunate suicide of a Bitcoin CEO.

 

But I am more than happy to debate this.

 

It is only the PHYSICS...which is tangible, measurable, and real. And as the Good Lord knows I am a Empiricist at heart. (That stems from my own skepticism.)

 

And while the Math may be conceptual it is still such a good tool for making VALID descriptions, predictions and inferences.

Wed, 03/05/2014 - 01:53 | 4510691 goldflows
goldflows's picture

Are you a shill for LMB.  I pose the question is LMB in any way linked to Exante??

Look its pretty dam obvious what they are doing to me.

They take your $$$ and show you funds in your account which you think are bitcoin.  They take your money and they trade it in bitcoin.

Someone just commmented there on how an algo was playing games and then recommented about 30 minutes later that the algo stopped.  It's a pure scam 1000x bitcoin.  People are staring to figure out how to apply the derivates game to bitcon.  Ala wrap worthless mortages in the euphoria of ratings and speculation and trade it on a mark-to-fantasy basis.

Good Luck!

Wed, 03/05/2014 - 01:19 | 4510637 Buck Johnson
Buck Johnson's picture

I wonder if he helped that years long hack that took 465 million and that is why he's not mad or stressed.  He robbed his own company by putting in back doors and/or using others to do it for him.  Also for them not knowing or telling how she "suicided", tells me that this may have been a murder.

Tue, 03/04/2014 - 21:48 | 4510065 Freddie
Freddie's picture

Gold and silver bitchez!

Wed, 03/05/2014 - 00:04 | 4510474 TheHound73
TheHound73's picture

...and keep using dollars to participate in today's economy, FTW bitchez!

Tue, 03/04/2014 - 21:48 | 4510067 cossack55
cossack55's picture

The Daemon awakes.

Wed, 03/05/2014 - 02:49 | 4510773 TheHound73
TheHound73's picture

Bitcoin last: $666

Wed, 03/05/2014 - 10:09 | 4511293 Tall Tom
Tall Tom's picture

There are many exchanges...

 

http://bitcoincharts.com/

 

On what exchange?

Tue, 03/04/2014 - 21:49 | 4510069 Doubleguns
Doubleguns's picture

Shit it wasn't fonestar. 

Tue, 03/04/2014 - 21:51 | 4510084 Freddie
Freddie's picture

I would accept a substitute like Flake Meister.

When it comes to real money - gold and silver.  No substitutes.

Tue, 03/04/2014 - 22:05 | 4510123 Independent
Independent's picture

Who knows she could be Fonestar ??????????????

Tue, 03/04/2014 - 22:09 | 4510137 Doubleguns
Doubleguns's picture

Cuz she has gold!!! Cant be fonestar. 

Tue, 03/04/2014 - 22:18 | 4510169 tmosley
tmosley's picture

Fonestar has stated on several occasions that he has PMs as well as crypto.

Also, Jesus Christ, what is wrong with you people?

Tue, 03/04/2014 - 22:33 | 4510225 Doubleguns
Doubleguns's picture

It's a sickness, usually cured with Buffalo Trace.

Wed, 03/05/2014 - 10:16 | 4511320 Tall Tom
Tall Tom's picture

Fonestar is a MAN. Here is HIS YouTube Channel...

 

https://www.youtube.com/channel/UCd8cUls2Ml2UxcbiC-sfVyw

 

If you are mistaking MEN for WOMEN then there is something wrong...WITH YOU.

 

I do not like Fonestar's constant Bitcoin Trolling.

 

But I detest your IGNORANCE even more.

Tue, 03/04/2014 - 22:07 | 4510131 Dollarmedes
Dollarmedes's picture

This is the internet...how do we know it wasn't fonestar? Have there been any fonestar sightings since the news?

Tue, 03/04/2014 - 21:51 | 4510078 Cacete de Ouro
Cacete de Ouro's picture

Paging Fonestar... Come in Gonestar, your time is up

Tue, 03/04/2014 - 22:05 | 4510124 SillySalesmanQu...
SillySalesmanQuestion's picture

fonestar has been turned into a dog and can only  speak in Bitcoin...Arf!

Tue, 03/04/2014 - 23:18 | 4510353 ElvisDog
ElvisDog's picture

Don't know why anyone would commit suicide over money, especially fiat or virtual money. Hope someone takes that gorgeous pitbull of hers home. As long as I have my dog, I don't think I would ever think of offing myself.

Wed, 03/05/2014 - 00:21 | 4510513 willwork4food
willwork4food's picture

Why would that be so hard to believe? She might have had all her and her friends/familiy savings in the pot-she was CEO. There's an Asian trait that actually understands and feels the loss of their charges. Unlike the Corzines of the world.

Wed, 03/05/2014 - 02:37 | 4510759 zionhead101
zionhead101's picture

That's funny, she is as Asian as Karpeles who was running Mt-Gox in JAPAN.

She was in Singapore the same reason that Karpeles was in JAPAN, to circumvent USA money laundering laws.

Both MT-GOX and First-META were in the virtual-currency zio-game business.

*

Karpeles got out early and escaped to Israel, me thinks this gal wasn't quite as lucky. Shrem is the next one to watch, but he staying in the USA to run the black-market for physical shit.

Tue, 03/04/2014 - 21:50 | 4510080 steveo77
steveo77's picture

Stupid on 2 points....a pit bull that doesnt like you

A fake currency that doesnt like you

Empathy for the kinda cute chick, but jeez, fake electroic currency IS NOT the way to escape the system no eat the system.

Tue, 03/04/2014 - 21:58 | 4510100 Bonapartist
Bonapartist's picture

She should have just stuck with waiting tables at Chili's

Tue, 03/04/2014 - 21:59 | 4510102 Robot Traders Mom
Robot Traders Mom's picture

There are no coincidences...

Tue, 03/04/2014 - 22:02 | 4510110 mayhem_korner
mayhem_korner's picture

 

 

"Found dead" is not the best verb combo in one's obit.  IMHO.

Tue, 03/04/2014 - 22:04 | 4510122 The_Peeper
The_Peeper's picture

Boom! Headshot! Pwned as the gamers would put it.

Wed, 03/05/2014 - 00:00 | 4510460 Balanced Integer
Balanced Integer's picture

Teabag'd?

Tue, 03/04/2014 - 22:06 | 4510125 automaton
automaton's picture

In the end, it looks like banksters and bitcoiners are synonymous.  

 

Tue, 03/04/2014 - 22:06 | 4510126 seek
seek's picture

Damn, what a waste. Hot and no doubt smart as well.

Tue, 03/04/2014 - 22:11 | 4510148 zionhead101
zionhead101's picture

In Tacoma, Washington State (USA), yes that Pitbull would be considered HOT,

 

Tue, 03/04/2014 - 23:21 | 4510359 ElvisDog
ElvisDog's picture

Pitbulls can be the biggest wussy dogs you ever come across. I volunteer at an animal shelter and only once in 8 years did I have an issue with a pitbull. I'm a lot more worried about being bitten by the damn chihuahuas.

Wed, 03/05/2014 - 08:44 | 4511091 automaton
automaton's picture

I used to live in Tacoma.  Pac NW'ers views are so skewed that I wouldn't be surprised to see a dude fellating the dog. 

Wed, 03/05/2014 - 01:22 | 4510646 MsCreant
MsCreant's picture

Complicated. She would not be after your money which would be a bonus, unless she actually was. I remember a post of yours on this topic a while back. 

No one wants to see female finance folks flying off buildings it would seem (I of course am less inclined to write the free pass, though she looks like someone I could like).

Unless this was an article about Blythe Masters...then what would be the response?

Tue, 03/04/2014 - 22:09 | 4510142 zionhead101
zionhead101's picture

Singapore TRIAD take-out, damn sure,

This is how Singapore takes care of this shit, like most of ASIA, when you lose other peoples money, .. you DIE.

This is ASIA, in the USA you can do a MADOFF, and make-off, but in ASIA you do a bitcoin fraud and you wind up dead, and the COPS rule it a suicide, as soon as they smell TRIAD, because you don't even want to go there,

 

Tue, 03/04/2014 - 22:10 | 4510145 DirtyWilly
DirtyWilly's picture

Funny there's no mention of how Bitcoin has recovered all it's loses since Mt. Gox.  Easy to overlook a 40% recovery in an asset price ZH, no?

Tue, 03/04/2014 - 22:21 | 4510164 IridiumRebel
IridiumRebel's picture

Wake me at 1200 then...my PMs are still in their safe. No one has stolen mine or anyone else's via digital intrusion. Unless you can defy physics instead of writing code or breaking passwords, I'll stick to PMs. BTC folks get more butthurt than anyone.

Tue, 03/04/2014 - 23:01 | 4510305 TheReplacement
TheReplacement's picture

"BTC folks get more butthurt than anyone."

That's just entertainment.  The problem with the bitards is that they insist on trying to get everyone else in on the ponzi like they are doing us a favor and we are stupid for staying out.  They are either schmucks or liars.

Tue, 03/04/2014 - 23:36 | 4510405 IridiumRebel
IridiumRebel's picture

I see the anti-banker concept behind it, but I still think it's flawed.

Wed, 03/05/2014 - 01:05 | 4510612 Donewidit
Donewidit's picture

the same thing could and probably will happent to gld holders when they tax the crap out of it or outlaw the sale of it, etc. So, what happens to bitcoin could also easily happen to gold, just keep it in mind.

Wed, 03/05/2014 - 04:26 | 4510869 MeelionDollerBogus
MeelionDollerBogus's picture

GLD isn't gold.

What happens to GLD isn't what happens to gold atoms.

Wed, 03/05/2014 - 04:55 | 4510885 mt paul
mt paul's picture

you can throw PM coins

at the old ladys cat....

can't do that with the bitcoins

Tue, 03/04/2014 - 22:10 | 4510146 SubjectivObject
SubjectivObject's picture

How disappointing.

No "Names" on that list yet.

Tue, 03/04/2014 - 22:11 | 4510147 Rikky
Rikky's picture

when your life is based upon your wealth, power or what other people think of you this is what goes down.  what these people don't realize is there's a worse hell awaiting them for all eternity on the other side.  that's of course unless you know The Lord Jesus Christ which its a good guess most don't since they wouldn't kill themselves knowing their self worth isn't derived by anything man can concoct.  sad story.

Tue, 03/04/2014 - 22:36 | 4510233 matrix2012
matrix2012's picture

get real dude, please do your religious / jesus preaching elsewhere not here at ZeroHedge!!

Tue, 03/04/2014 - 23:04 | 4510313 TheReplacement
TheReplacement's picture

To him it is a legit topic as a part of his life and outlook.  How about you quit being an anti-religious fascist?  If you don't want to hear someone else's point of view then go hang out at MSNBC.

Wed, 03/05/2014 - 00:31 | 4510539 willwork4food
willwork4food's picture

Good point but..... HEY RIKKY!!!! What makes you the fucking JUDGE of where this young girl was at spiritually? Why do you think you would be superior in her position? Ever hear of Karma dude? Guess what? You just invested in some wild times ahead. Good luck.

Wed, 03/05/2014 - 14:17 | 4512612 matrix2012
matrix2012's picture

TheReplacement

Since when ZeroHedge turns into any religious crap talks moron???

If anyone here is so eager to preach about any religion  just go to the countless religious sites instead of vomiting all the shits here... at ZH!

Tue, 03/04/2014 - 22:17 | 4510150 saulysw
saulysw's picture

Checking out the First Meta web site, it does not seem to transact in bitcoins.

Linden dollars, yes. Do people still play Second Life?

Tue, 03/04/2014 - 22:21 | 4510181 aphlaque_duck
aphlaque_duck's picture

Took me 5 seconds to find it in the FAQ: https://firstmeta.zendesk.com/entries/22691370-What-currencies-does-Firs...

It's ludicrous to link her death to bitcoin though, as it's only one of many things they trade. 

Tue, 03/04/2014 - 22:31 | 4510207 zionhead101
zionhead101's picture

Well at least they quit saying "BANKER", I was getting so tired of seeing stock brokers and insurance salesman die of old age and natural causes and seeing this site say "BANKER DIES".

 

Bitcoin Fraudster Dies Selling Shit to Asian Triad in Singapore, ... now that is something I have predicted all along here.

You fuck the Chinese MAFIA and your are dead and don't forget folks that SINGAPORE speaks native BEIJING Mandarin Chinese, its essentially like HongKong in terms of CHINESE MAFIA.

You FUCK OPM with the TRIAD and your dead.

If they were doing other frauds as well as BITCOIN,... or perhaps SHE knew too much and was going to talk?

Tue, 03/04/2014 - 22:35 | 4510230 saulysw
saulysw's picture

If you actually try and buy Bitcoins from the link in the FAQ, it does not work. Also, it is not listed in the currencies you can buy on the main page.

I think the article is misleading, or possibly they have only recently pulled Bitcoind from the currencies they deal with.

Tue, 03/04/2014 - 22:15 | 4510163 Pancho Villa
Pancho Villa's picture

With virtual currency, maybe you CAN take it with you.

Tue, 03/04/2014 - 22:23 | 4510186 aphlaque_duck
aphlaque_duck's picture

It stays in the blockchain forever, so at least nobody else will get it.

Tue, 03/04/2014 - 22:30 | 4510215 logicalman
logicalman's picture

So, if you die and don't hand on your 'wallet' to someone else it's just 'poof' gone?

Another hit against the idea of BitCoin as a currency, IMHO.

 

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