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Showing 2 of 2 results by losakoa
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Board Bitcoin Discussion
Topic OP
Thinking in terms of Satoshis
by
losakoa
on 12/01/2021, 22:00:35 UTC
After a few years of learning about bitcoin and blockchain technology on and off, I finally dove in late last year prior to the bull run.  It wasn't until I had a basic understanding of money and its history in the world that I finally hit a tipping point in my thought process.  I finally disconnected the value of fiat with respect to the satoshi.  It's a self-revelation that I didn't think I would ever understand, but I finally got there.  When did or have you experience this revelation and how did you get there?
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Topic
Board Bitcoin Discussion
Re: again a Bitcoin millionaire who forgot his password
by
losakoa
on 12/01/2021, 21:52:04 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

That has to be one hell of an existential crisis.