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.

  • CthulhusIntern [he/him]
    ·
    4 years ago

    So people who know how this kinda shit works, what happens if something of that much value just disappears?

    • space_comrade [he/him]
      ·
      4 years ago

      It is estimated that already about 20% of mined Bitcoin are effectively unrecoverable so his are a drop in the bucket basically.

      However if he managed to recover them and dump them all on the market it'd probably crash the price at least short term.

      Markets are fucking dumb

      • Poison_Ivy [comrade/them]
        ·
        4 years ago

        However if he managed to recover them and dump them all on the market it’d probably crash the price at least short term.

        I hope he recovers them and dumps them all on the market.