Post
Topic
Board Bitcoin Discussion
Re: again a Bitcoin millionaire who forgot his password
by
kotajikikox
on 13/01/2021, 05:22:22 UTC
Quote
German-born programmer Stefan Thomas told the Times he forgot the password to IronKey, an secure flash drive has access to 7,002 Bitcoin - $220 million worth. IronKey gives users 10 guesses for their passwords before seizing its contents.
"I would just lay in bed and think about it," Thomas told the New York Times Nathaniel Popper. "Then I would go to the computer with some new strategy, and it wouldn't work, and I would be desperate again."

quite surprised by this news because his Bitcoin trapped in his hardware wallet is very much.  Don't underestimate your private key and password, if you haven't prepared the best place (easy to remember and reach) to store your private key and password then do it right now..


https://markets.businessinsider.com/currencies/news/programmer-locked-out-220-million-in-bitcoin-forgotten-password-2021-1-1029961378
My Most concern in this one is ? the Bitcoin that may Lost in the Air when He will not recover that bitcoins , Imagine another 7,002 Bitcoin will go for nothing ?

Miners had been gathering too much time, effort and electricity to accumulate these Bitcoin volume and all of a sudden just because of laziness in securing the Private key ? now it will be Gone forever  as we cannot bring back the lost bitcoin for lifetime,

Unless super computer mat discover how to crack each seeds and addresses .