It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
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.
GogoVicMorrow
reply to post by roadgravel
There is a lot of motive for well paid hackers to hack bitcoin, not for the bitcoin itself, but to make the currency look unsafe and unstable. We could have the fed or just about anyone in the banking industry do it.
Good point. Not sure how someone can cash in millions in bitcoins without being tracked, short of a criminal bank system or such. It could just be attempts to destroy the system by those with other interests to protect.
GogoVicMorrow
reply to post by roadgravel
There is a lot of motive for well paid hackers to hack bitcoin, not for the bitcoin itself, but to make the currency look unsafe and unstable. We could have the fed or just about anyone in the banking industry do it.
...
The uncomfortable fact for Bitcoin believers is that every major prediction they've made has yet to come true. And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.
...
The nature of a speculative commodity like Bitcoin is that it essentially runs on hope – the more people who buy the hype, the higher the value goes, and the more firms like Andreessen Horowitz are willing to pump money into strengthening the Bitcoin ecosystem. Wish for the UFO hard enough, and it might actually arrive.
But the Bitcoin dream is all but dead. Now the true believers are trying to cope with their setbacks by increasing their numbers. And if history is any guide, they’ll keep telling you the bright future of Bitcoin is just ahead, long after they've ceased to believe it themselves.
...
Semicollegiate
The idea behind BC is being confused with BC itself. BC is made to be used as a form of money. Its not intended as an income investment per se.
In that sense, as a noninflateable medium of exchange, BitCoin or crypto-currencies in general, will always have the potential to be the biggest economic fact on Earth.
Just as water is valuable in the desert but easily wasted most other places, BC will be unusually valuable until the monetary system completely stops inflating.