This Cryptocurrency news has got a lot of people thinking. Especially, couples who hide passwords from each other. What happens if you die suddenly and no one else knows your Password?
If you don’t trust your kids, what about your spouse? If you can’t trust your spouse, what about your kids? If anything happens suddenly, you mean those Billions are lost forever while your family groans in lack and want?
The death of a Canadian entrepreneur has left a huge stash of cryptocurrencies locked off from the people who own them.
Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.
Many of the digital currencies held by Quadriga are stored offline in accounts known as “cold wallets,” a way of protecting them from hackers. Cotten is the only person with access to the wallets, according to the company.
TO SHARE OR NOT SHARE YOUR PASSWORD?
Me: To share carefully.
You: ?