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January 05, 2015, 08:46:14 PM

IF the 18K in BTC has been lost, I wonder what Stamp will do. 18K=$5M dollars or so.

They can either cover the loss with the $10M in VC money they raised in Dec of 2013, or they could force their users to eat the loss (though that would effectively destroy their reputation, killing the VCs investment).

My guess is that they are on the phone with their VCs trying to decide what to do (their $10M round was funded by Pantera Capital). I bet that heads will roll (New CTO or CEO), the company will likely eat the loss, and the funds will be replaced with their VC money. Perhaps they will drop the price some more so that they can buy up cheap coins to replace the 18K they just lost.