Recently Gerry Cotten died, a sad event like all of the deaths that have occurred. The thing that makes this a major media event is that he operated Quadriga, a Canadian cryptocurrency exchange, a real storage for imaginary money. It was secure, as only he had the password. The $250 million stored there is still there, or so everyone assumes as no one has the key to open it and check. The imaginary money will probably be there long after the 115,000 users have also died.
The issue of Bitcoin and other imaginary currencies has already been discussed thoroughly in the papers and general media but what of the need for passwords.... continue reading »