[jjgold]

Wow

There aren’t many good ways to lose $220 million, but this New York Times article highlights a particularly egregious one — losing millions of dollars in bitcoin because you forgot the password to your digital wallet.


Stefan Thomas’ 7,002 bitcoin (worth roughly $220 million) are locked away in an IronKey hard drive, according to NYT’s Nathaniel Popper. The problem is he can’t remember the password, and he’s just two failed password attempts closer to losing them forever due to IronKey’s strict security protocols. There is the possibility of paying someone to crack the drive, but Thomas would have to have the time and money to make that happen.


It’s a darkly comedic scenario, and Popper’s story hits all of the cryptocurrency classics to help explain it. There’s mention of the volatile nature of bitcoin’s value and the currency’s mysterious creator, but what the article makes staggeringly clear is how common losing bitcoin actually is.

[Sam Odom]

Yup

Crazy

[cincinnatikid513]

12345

[CWD]

bologna1

[JAKEPEAVY21]

Pay some genius half the bitcoin in there if they can crack the drive.

[stevek173]

You would think he could work it out with IronKey

[MinnesotaFats]

Just use "Incorrect"

Every wrong answer reminds you what it is.

[Otters27]

God won't let you get rich if he knows you can't handle it

[Sam Odom]

About 20 percent of existing Bitcoin appear to be in “lost or otherwise stranded wallets,” the Times reported. That amounts to around $140 billion.

[JMobile]

nullnull

[Checkerboard]

Stop thinking about it, and it will just pop into your head.

[jjgold]

About 20 percent of existing Bitcoin appear to be in “lost or otherwise stranded wallets,” the Times reported. That amounts to around $140 billion.

thats unreal

[pologq]

crazy crazy story

for my bitcoin wallet i write down my password cause of how intricate it is compared to other passwords

[aveeno]

God won't let you get rich if he knows you can't handle it

There is not a more accurate statement.

[Booya711]

I hope I finally figure it out....

[pablo222]

Good luck Booya

[jjgold]

Has to be a way

[MickeyMan]

BOL Booya

[stackz125]

Qwerty1!
Never fails.

[RudyRuetigger]

only 220 million?


really not even worth it

[texhooper]

Yeah I heard about this and I don’t know how IronKey works but there’s gotta be a way to get the password reset or something.

One way or the other...there is a way

[RudyRuetigger]

Yeah I heard about this and I don’t know how IronKey works but there’s gotta be a way to get the password reset or something.

One way or the other...there is a way

I think we need some guy named WILL for that

[johnnyvegas13]

The password is password did he try that

[pologq]

I think we need some guy named WILL for that

[pologq]

[SamsNCharge99]

Good luck to him

[jjgold]

He will make a deal with someone to crack

[asiagambler]

The bitcoins are always recoverable if he has the seed phrase and he has unlimited tries at that

[RudyRuetigger]

he could just sell the hard drive for 10 million



you idiots ever think of that?????????????



hell, scientists think monkeys have typed all of shakespeare as well


not only did they do that, they did it infinitely

[ttwarrior1]

8k worth here lost

[DiggityDaggityDo]

crazy crazy story

for my bitcoin wallet i write down my password cause of how intricate it is compared to other passwords

Same here

And so did the guy in the article, but he lost the paper.

[Booya711]

8k worth here lost

I always knew you were a dumbfukk....but this here rubber stamps it....

[pablo222]

This would be more stressful than deciding to cut red or green wire on a bomb.

[ThaTopMoron]

how do people end up in these outrageous situations? a freaking password to a bitcoin wallet?

[d2bets]

Can he donate the bitcoins for a charitable deduction?