this post was submitted on 25 Feb 2025
295 points (99.0% liked)
World News
666 readers
928 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
Other communities of interest:
founded 4 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Crypto once again showing why it’s either just a casino with extra steps or a way to buy drugs rather than a serious solution for any currency or real world transactions.
It’s so amazing and digital and modern and easy to steal.
Specifically too it's very easy to steal in bulk. Sure scamming grandma and grandpa out of their life savings has way fewer safeguards with crypto than with fiat currency, but it's absolutely still possible without crypto and happens all the time. This is the monetary equivalent of stealing nearly 16,000 kg of gold – something unthinkable with fiat currency.
Though someone did steal 3,000 kg of gold one time.
https://en.wikipedia.org/wiki/Brink's-Mat_robbery
That’s fucking WILD, I have never read about that.
It is insane that you can do that kind of a thing just sitting in front of a laptop with Tails now, though.
Yeah, it’s pretty crazy
They made a TV mini-series about it a few years ago. It’s called The Gold. If you’re in the UK, it’s on BBC iPlayer. If not, then there may be other means of acquiring it!
I will absolutely check that out, thank you!
Holy moly. 3,000 kg of gold at today's price would be $281,382,000 (281 million dollars). Gold is $93,794 per kg at the moment.