Trust No One The Hunt For The Crypto King Download

This is unlike traditional banking where data is required to be provided by the banks in order to trace transactions, and the banks usually do not share these transaction data with others to protect the privacy of the client. The key here is that trust is being shifted from a centralised governance system to the decentralised public body. It's a double edged sword.

That being said, it is also true that the success of any crypto project ultimately lies in the strength and support of the community. Not all projects with great and unique concepts will take flight without a solid community believing and contributing to it. On the other hand, projects that aren't that so great and takes flight is usually due to the community. But then I question why? Perhaps it is a Ponzi waiting to unfold? If the project's community is filled with people looking to get-rich-quick, the project usually doesn't last long.

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I still remember just about half a year back where people were flocking to undoxxed projects and some were taking in pots of gold while some got their asses burnt bad. I mean, high risk high rewards yea? Then, the community learnt the importance of doxxed founders (Or most did at least). Yet, this documentary proves how even a doxxed founder cannot be trusted totally.

To sum it all, for those in the crypto space who are looking to get rich quick but are not leveraging on the power of the community, perhaps this space isn't for you. Community building is key to the performance of any project, and blockchain is still a young and high risk technology. I feel that with more institutional players coming in, control and power is fragmenting which makes this space becoming more centralised.

I recently had the pleasure of working with director Luke Sewell on a great film that has just dropped on Netflix. Trust No One is a wild and unpredictable romp through the murky world of crypto currency. The story twists and turns like a slippery eel, taking in eccentric (sometimes objectionable) characters as it tries to track down the whereabouts of a multi-million dollar stash of Bitcoin after the disappearance of Crypto investor Gerry Cotten.

Trust No One: The Hunt for the Crypto King, Netflix's recently released documentary feature of the bitcoin scammer Gerald Cotten, is now available to watch on the streaming platform. It tells the astonishing story of how the crypto king passed away under mysterious circumstances and took to his grave some two hundred million dollars, the money of all those who had invested via his company.

Gerry Cotten appeared to be a very typical internet nerd. He was seemingly trustworthy and soon became a big name in the crypto trading world with the company he founded, Quadriga, that would trade in bitcoins.

The entrepreneur knew how to identify a growing market and his company had more than 115,000 active clients. Together with his partner, Michael Patryn , he created the company in 2013, when hardly anyone was talking about cryptocurrencies and they were the first to create a cryptocurrency-supported ATM network in their country. When the value of bitcoin increased in 2017, the partners ended up consolidating QuadrigaCX as an exchange or foreign exchange market. In 2018 the first complaints began to be heard: due to the fluctuation in the exchange rate of digital currencies, many clients tried to withdraw their investment, but could not do so. The police launched a series of investigations, but before they could reach a conclusion, Gerald Cotten died in India on December 9, 2018 due to Crohn's disease, a chronic intestinal condition that affects the digestive tract.

But what he did understand was the value of trust. Trust was the one thing he needed to have gotten away with creating a company that supposedly facilitated the exchange of intangible assets (as ACCA defines cryptocurrency to be), while he secretly pulled out the Bitcoin that had been entrusted to the company. After all, trading within QuadrigaCX would have been a closed system, and no one would have been the wiser about the Bitcoin movements.

"There's only one rule in the world of crypto and bitcoin, trust no one. $250 million of bitcoin randomly disappears from QuadrigaCX, once Canada's largest crypto exchange, and the only person who can get it back mysteriously dies. Greed is a matter of life and death in this true crime documentary about the rise and fall of QuadrigaCX, the mysterious death of its founder Gerry Cotten, and the victims left behind to pick up the pieces."

I'm fascinated by crypto. Basically in the traditional banks we get fooled. So why do you trust new companies on the internet knowing that it is an environment where there is no legislation and very little law. I have no empathy for those people who quit their jobs and put all their savings into it and lost everything. I'm really sorry but it's not naivety at this level anymore.

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