Stefan Thomas lost the paper where he wrote down the password for his IronKey, which contains the private keys to a digital wallet that holds 7,002 bitcoins.

lmao I hope he gets desperate the next time bitcoin spikes & pays some cryptology firm to 'crack' it and they wipe it by accident.

  • CALM_ORGANIZER_BOT [he/him]
    ·
    4 years ago

    Oof, that's still like ~$5k.

    I remember the days when Mt. Gox, which held 1/3 of bitcoin data, went dark and everyone with an account got scammed/lost all their BTC. Then it turned out 95% of all BTC was owned by less than 1% of people, and that was the beginning of the end (at least for me). Seems like people have made money in the short term, but cryptocurrency still has grift energy to it.

    • 4_AOC_DMT [any]
      ·
      4 years ago

      Seems like people have made money in the short term, but cryptocurrency still has grift energy to it.

      I think this is a problem with currency in general tbh

    • BeamBrain [he/him]
      ·
      4 years ago

      It's a Ponzi scheme. A negative-sum game (thanks to transaction fees) that can only end with a large number of losers.

    • AluminiumXmasTrees [he/him]
      ·
      4 years ago

      Jesus that's a lot more than last time I checked. It was to buy drugs on the silk road and then it got banned and I never bothered with the other markets and just left all the login and recovery data in a file deep in several other folders. I guess I'm taking a laptop apart for recovery because 5grand is a hell of a lot of money for me.