This Quadriga client lost his entire life savings in $560,000 mistake – Crypto currency follies

Image: Chris Ratcliffe/Bloomberg

Quadriga, the Canadian crypto currency broker was suspended and then shutdown with initial reports up to $850 Million in funds frozen or missing

Recent reports saying the exchange, now under creditor protection, owes roughly $250-million to 115,000 people – and almost three-quarters of the funds cannot be located. More details on his death and some remaining suspicions below.

Is this a matter of a couple caught up in a sudden affluent lifestyle after rapid rise in bitcoin value and then decisions to commit fraud as its value dropped even more quickly than it rose?

Is there more to this story than MSM is covering and are they exaggerating some parts of it to further hidden agendas?

The mainstream financial industry has feared the rise and disruption of crypto currencies especially as they gained more support. There has been some concerns that have been legitimate including using them to launder money and for other crimes but how much was propaganda?

Were dollar amounts and the extent of the fraud exaggerated by media, senior stakeholders in mainstream banks or others with something to gain?

Bloomberg News Doug Alexander
February 11, 2019 1:40 PM EST

https://business.financialpost.com/technology/blockchain/this-quadriga-client-lost-his-entire-life-savings-in-560000-mistake

https://www.facebook.com/168282878593/posts/10157155634128594/

Related

How did Gerald Cotten die? A Quadriga mystery, from India to Canada and back

More on this story in a related post

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Smartphone OS and security updates

Feb 16 2019 – Kevin Yaworski

I stopped getting similar OS updates to the one in the image below on my Samsung Note 4 with Roger’s after two major updates or about two years and then stopped even getting security updates after the third year.

Similar occurs with other smart phones and networks. This often leads to many people replacing a device that meets their needs early. This is adding to the amount of e-waste generated and rare elements required which often use destructive extraction methods and or corruption of local governments.

Our governments regulate other aspects of this and other industries. Do you think they should regulate these and related devices that are frequently replaced while still functional? Forcing security updates for longer periods at least?

More specifically my phone stopped charging intermittently after the third year and became a risk with security vulerabilities, the data on it as it is required for my work and was putting other devices on my home and work networks at risk if compromised.

I am cautious and have been told by my kids I go overboard compared to most other parents with cyber security at home and with their devices so I thought I would wait for it to die completely.

It lasted a few months more than stopped charging completely so I asked my work to replace it which they did with no issues.

I just got the update notice today. Should I jump onboard or wait and see if it has any major or annoying bugs or one of the rare updates that is so bad it retracted?

To share this post

https://yaworski.net/2019/02/16/smartphone-os-and-security-updates/

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Unless It Changes, Capitalism Will Starve Humanity By 2050 – Forbes

(Credit: ZINIYANGE AUNTONY/AFP/Getty Images)

Feb 9th 2019 – Forbes plus added commentary.

“Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.”

“We are killing the earth as we know it, and there is no “planet B”. Our children and our grandchildren will inherit a living hell. ”

“We need to build a new system: one that will balance economic growth with sustainability and human flourishing.

A new generation of companies are showing the way forward. They’re infusing capitalism with fresh ideas, specifically in regards to employee ownership and agile management.”

https://www.forbes.com/sites/drewhansen/2016/02/09/unless-it-changes-capitalism-will-starve-humanity-by-2050

Many for profit corporations lobby, influence and in some cases bribe politicians, regulators and other public officials to put their special interests above proven national standards, public safety, the law, proper justice, judiciary independence, democracy, the environment and other public interests.

Some corporations including most involved with photo traffic enforcement, predictive policing, some auto insurance and related can be labeled as part of Vulture Capitalism.

Many are seen as preying on the public and customers for profits at any cost. Fraud, bribery, breach of trust, colluding and other crimes have been investigated, prosecuted and convictions of up to 10 years in prison. Fines totalling hundreds of millions of dollars yet profits along with municipal and government share of fines, ” victim” surcharges, license and insurance increases totalling in the tens of Billions or more.

Sadly there is many other examples in other industries.

Some of the comments with the most interaction from post sharing this story:

https://facebook.com/story.php?story_fbid=2122849281139663&id=1942628505828409

Way past time for A #GreenNewDeal. #SaveThePlanet.

Capitalism pretends to be free enterprise, but it actually destroys free enterprises as it seeks control over ALL the governments of the world. Many politically powerful corporations need more wars to fight to increase their profits, other corporations need more prisoners in prison and to keep them there longer to increase THEIR profits.

The greed that has been generated by the “free-market” economic policies that have favored the corporations with subsidies, tax cuts etc has blinded them to the ultimate results of these actions. Laws protecting individuals have not caught up – giving corporations advantages that should have been curbed. Instead, the race for higher and higher profits have created a huge imbalance.

When the founding fathers established policy for non-interference, the purpose was to enable, not just corporations to pursue profit, but individuals to receive equitable and reasonable treatment in the process, and also have the opportunity for pursuing their dreams. We now have a system that favors corporations over the individual. President Herbert Hoover was the most infamous proponent of laissez-faire policies. He believed an economy based on capitalism would self-correct. He worried that economic assistance would make people stop working. His commitment to a balanced budget in the face of the 1929 stock market crash turned the recession into the Great Depression. Even when Congress pressured Hoover to take action, he focused on stabilizing businesses. He believed their prosperity would trickle down (didn’t we just hear about this trickle down)to the average worker. Despite his desire for a balanced budget, Hoover’s laissez-faire approach to the Depression added $6 billion to the debt. Market theory ignores the emotional aspects – we witnessed the greed, that caused the lack of attention to dangerous warning signs. The result was the 2007 financial crisis. Ignoring the capricious greed of corporations today will only result in devastation to this world we inhabit. What is being passed off as capitalism in today’s economy is a farce. Just as Hoover thought economic assistance would cause people to stop working. The constant reference to socialism is another “scare tactic” causing the populace to imagine a regime in which the “workers” provide for the indolent. We should listen to the lessons of the past.

Related

“Socialism” vs. “capitalism” is a false dichotomy

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U.S. negotiating multibillion-dollar fine with Facebook: report

FEBRUARY 14, 2019 / 5:24 PM / UPDATED 5 HOURS AGO

https://www.reuters.com/article/us-facebook-fine/u-s-negotiating-multibillion-dollar-fine-with-facebook-report-idUSKCN1Q333S

Posted in Computers and Internet, justice, News and politics, Privacy | Leave a comment

Canada’s Answer to Tesla Is a $15,500 Electric Three-Wheeler

Feb 12 2019 – Bloomberg

Commentary

Canada’s Answer to Tesla Is a $15,500 Electric Three-Wheeler

I wouldn’t compare it to a Tesla and would be interesting to see wow it handles our winter weather and roads with good tires other than after storms. If it is a summer car only then it will have less appeal. I think it is better to cycle during summer for fitness and other benefits but if you are not able, a fair weather rider or for longer drives it could work.

https://www.bloomberg.com/news/articles/2019-02-12/tesla-s-latest-competitor-is-a-15-500-electric-three-wheeler

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‘Nobody is protecting us’: Safe drug site concerns meeting at city hall gets emotional – Calgary Herald

Gavin Young / Postmedia

Meghan Potkins, Calgary Herald
More from Meghan Potkins, Calgary HeraldFebruary 13, 2019

‘Nobody is protecting us’: Safe drug site concerns meeting at city hall gets emotional

— Commentary–

Similar concerns in Winnipeg, Vancouver and elsewhere there is safe injection sites or proposals for them. There is benefits to them in helping prevent fatalities and lead addicts towards rehab and recovery but is not enough being to done to protect the public near by them and elsewhere.

The slack regulation or lack of enforcement for opioids and related plus little done to investigate and prosecute financial crimes in Canada helped create and feed the opioid crisis. Then they finally took action by restricting access causing dealers and many users to turn to fentanyl laced pills or meth.

Once they started to raid casinos in BC setup by Chinese organized crime members to launder millions if not billions of dollars they were deserted after getting tipped off.

More consolidated here and elsewhere online.

https://yaworski.net/?s=Opioid+&submit=Search

https://facebook.com/groups/2344284529?view=permalink&id=10157063605004530

Partial Archive

Continue reading

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Foreign Twitter trolls stoked debates about immigrants and pipelines in Canada, data show

A CBC analysis of thousands of troll tweets has found evidence of foreign influence campaigns targeting Canadians’ debates over pipeline and immigration policy. (Thomas White/Reuters) (Thomas White/Reuters)

Twitter and other social media networks have been manipulated by thousands of foreign accounts from Russia, Iran and other countries that benefit from this manipulation. This involved millions of tweets, posts and interactions to spread disinformation, create confusion, exploit existing societal tensions and divide Canadians and Americans on issues like pipelines, oil and gas and immigration. They also used to spread baseless conspiracy theories. Similar in the UK with Brexit and elsewhere.

9M troll tweets released by Twitter reveal foreign campaigns to influence Canadians’ opinions

Roberto Rocha, Jeff Yates · CBC News · Posted: Feb 12, 2019 4:00 AM ET

https://www.cbc.ca/news/canada/twitter-troll-pipeline-immigrant-russia-iran-1.5014750

“Suspected automated Russian accounts also retweeted messages from at least 24 different seemingly Canadian accounts promoting the QAnon conspiracy theory. This baseless conspiracy theory claims that a high-ranking member of President Trump’s administration — known only as ‘Q’ — is secretly leaking information on the anonymous 8chan message board.

‘Q’ insisted in October 2017 that former presidential candidate Hillary Clinton had been extradited and would soon face a military tribunal. ‘Q’ also claims that Trump is on the cusp of triggering ‘The Storm’ — a far-reaching takeover of the U.S. government to expel “deep state” enemies of the administration. After some 2,600 ‘Q’ posts, none of its predictions have materialized.”

Some examples of tweets promoting the conspiracy in the article.

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