He probably had more than just his savings invested. So now his expenditures aren’t being covered by his income - which at a certain point becomes primarily from the interest on investment accounts - and has to dip into his now depleted savings to cover the outrageous cost of renting a luxury penthouse in Los Angeles proper.
Bitconnect went down. No, I had nothing wrapped up in it. Ponzi a mile-away. https://www.reddit.com/r/CryptoCurr...is_a_list_of_crypto_ponzi_schemes_and_people/ 2 weeks later...
CFTC Chairman Gaincarlo just made the most bullish statements in front of the Congress https://www.reddit.com/r/CryptoCurrency/comments/7vo5ov/cftc_chairman_gaincarlo_just_made_the_most/
Wow. Shit gets real... South Korean Cryptocurrency Regulator Found Dead at Home Jung Ki-joon was 52 years old By Steven Russolillo in Hong Kong and Min Sun Lee in Seoul Updated Feb. 19, 2018 11:58 p.m. ET A South Korean official who guided Seoul’s regulatory clampdown on cryptocurrencies was found dead on Sunday, according to a government spokesman. Jung Ki-joon, 52, was head of economic policy at the Office for Government Policy Coordination. He helped coordinate efforts to create new legislation aimed at suppressing cryptocurrency speculation and illicit activity, the spokesman said. Semiofficial news agency Yonhap reported that Mr. Jung was presumed to have suffered a heart attack and police had opened an investigation into the cause of death. Yonhap also reported that Mr. Jung was found at home. The government spokesman said later that “he died from some unknown cause. He passed away while he was sleeping and [his] heart [had] already stopped beating when he was found dead.” https://www.wsj.com/articles/south-korean-cryptocurrency-regulator-found-dead-at-home-1519093020
https://www.pcmag.com/news/359486/self-proclaimed-inventor-of-bitcoin-faces-10-billion-lawsui That's a lot of Bitcoin!
I tell ya, put it all into Ripple. They're less than a buck a piece and banks around the world are snapping them up. I'm using it as the currency of choice in my novel.
Ugh. Ripple. Pre-mined and big-bank affiliated. Take a look at Stellar instead. Same idea but better group behind it? IBM is backing Stellar too.
