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#4552286 - 01/14/21 05:45 PM In other news...  
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Nixer Online cool
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All I can say is...ouch...or duhhh...

Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

"Stefan Thomas, the programmer who could lose $260 million worth of bitcoin because he can't remember his password, said there's "no chance" he'll ever recoup his lost fortune, calling it a "painful memory."

"It's not like I barely don't remember it," Thomas told NBC's "Today" show. "It's there's no chance of remembering something that complicated from 10 years ago."

Thomas lost the password for his IronKey hard drive, which contains the keys to a digital wallet with 7,002 bitcoin. The hard drive gives users 10 guesses to remember their password before the content is lost forever. Thomas has used eight of those 10 attempts and come up empty every time. The price of one bitcoin was $39,601 as of Thursday morning. "


It's only Ones & Zeros



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#4552287 - 01/14/21 05:50 PM Re: In other news... [Re: Nixer]  
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May as well try regressive memory hypnosis. What's he got to lose? Oh, yeah. $260 million. smile


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#4552327 - 01/14/21 11:10 PM Re: In other news... [Re: Nixer]  
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Seems like enough potential incentive that someone somewhere could hack/crack that drive for a share of the "loot"


"Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which The Party is always right." - George Orwell, 1984
#4552328 - 01/14/21 11:13 PM Re: In other news... [Re: Nixer]  
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And this is yet another reason why bitcoin is not a currency, but a commodity.

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That really stinks to be him. #%&*$#.

#4552344 - 01/15/21 12:06 AM Re: In other news... [Re: Nixer]  
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He just needs to wait (and live) long enough for the technology to develop that can crack the drive.


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#4552350 - 01/15/21 01:21 AM Re: In other news... [Re: Herman]  
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Originally Posted by Herman
He just needs to wait (and live) long enough for the technology to develop that can crack the drive.


Some state sponsored super hackers will have it long before then.



"There's a sucker born every minute."
Phineas Taylor Barnum

#4552351 - 01/15/21 01:28 AM Re: In other news... [Re: Nixer]  
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#4552373 - 01/15/21 10:47 AM Re: In other news... [Re: Nixer]  
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And then there is this...........
"A computer geek who threw away a hard drive containing £220million in Bitcoin has offered his local council a £55m reward to find it."

Sun UK



#4552391 - 01/15/21 02:20 PM Re: In other news... [Re: Nixer]  
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Originally Posted by Nixer
All I can say is...ouch...or duhhh...

Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

"Stefan Thomas, the programmer who could lose $260 million worth of bitcoin because he can't remember his password, said there's "no chance" he'll ever recoup his lost fortune, calling it a "painful memory."

"It's not like I barely don't remember it," Thomas told NBC's "Today" show. "It's there's no chance of remembering something that complicated from 10 years ago."

Thomas lost the password for his IronKey hard drive, which contains the keys to a digital wallet with 7,002 bitcoin. The hard drive gives users 10 guesses to remember their password before the content is lost forever. Thomas has used eight of those 10 attempts and come up empty every time. The price of one bitcoin was $39,601 as of Thursday morning. "


It's only Ones & Zeros


So.... what happens to it? I confess I don't know much about cryptocurrency, but if $260m is "locked away" behind a password, what, exactly, has happened? Has it disappeared?


"They might look the same, but they don't taste the same."
#4552453 - 01/15/21 06:18 PM Re: In other news... [Re: Nixer]  
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Some guy from Nigeria will soon gain access and offer to share it.

#4552454 - 01/15/21 06:19 PM Re: In other news... [Re: Sunchaser]  
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PanzerMeyer Online centaurian
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Originally Posted by Sunchaser
Some guy from Nigeria will soon gain access and offer to share it.



Heck, 260 million would increase Nigeria's GDP by quite a significant percentage!


“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”
#4552583 - 01/17/21 12:26 AM Re: In other news... [Re: Nixer]  
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I might be old school but my pw would have been in a text document stashed in a folder and probably written down on a scrap of paper shoved in a box with a bunch of old school reports and such.


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#4552587 - 01/17/21 01:18 AM Re: In other news... [Re: Ajay]  
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Originally Posted by Ajay
I might be old school but my pw would have been in a text document stashed in a folder and probably written down on a scrap of paper shoved in a box with a bunch of old school reports and such.

I keep all mine on a flash drive that's hidden, I believe, very well. Only my son and I know its whereabouts, but it's somewhere so obvious (to us) that it won't be lost.


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#4552599 - 01/17/21 05:07 AM Re: In other news... [Re: Nixer]  
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If it was 260 MILLION, well I would probably have it tattooed on someone who has no clue and pay them, not just to be tatted, but to report in semiannually to some shyster somewhere.

Just another example of a genius with ZERO common sense.



"There's a sucker born every minute."
Phineas Taylor Barnum


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