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<p>[QUOTE="CoinCorgi, post: 5408014, member: 88934"]<a href="https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes/" rel="nofollow">https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes/</a></p><p><br /></p><p>Where's that damn Post-it!</p><p><br /></p><blockquote><p><i>The problem is that Mr. Thomas years ago lost the paper where he wrote down the password for his IronKey, which gives users 10 guesses before it seizes up and encrypts its contents forever. He has since tried eight of his most commonly used password formulations — to no avail.</i></p></blockquote><p><br /></p><p>Suicidal...</p><p><br /></p><blockquote><p><i>“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar, an entrepreneur in Los Angeles who has a few desktop computers that contain thousands of Bitcoin he created, or mined, during the early days of the technology. While those Bitcoin are now worth hundreds of millions of dollars, he lost his passwords many years ago and has put the hard drives containing them in vacuum-sealed bags, out of sight.</i></p><p><i><br /></i></p><p><i>“I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” he said.</i></p></blockquote><p><br /></p><p>So eventually all but one bitcoin owners will lose their password and this one person will be left holding what? A digital sack of steamy bits?</p><p><br /></p><blockquote><p><i>Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.</i></p></blockquote><p>[/QUOTE]</p><p><br /></p>
[QUOTE="CoinCorgi, post: 5408014, member: 88934"][URL]https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes/[/URL] Where's that damn Post-it! [INDENT][I]The problem is that Mr. Thomas years ago lost the paper where he wrote down the password for his IronKey, which gives users 10 guesses before it seizes up and encrypts its contents forever. He has since tried eight of his most commonly used password formulations — to no avail.[/I][/INDENT] Suicidal... [INDENT][I]“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar, an entrepreneur in Los Angeles who has a few desktop computers that contain thousands of Bitcoin he created, or mined, during the early days of the technology. While those Bitcoin are now worth hundreds of millions of dollars, he lost his passwords many years ago and has put the hard drives containing them in vacuum-sealed bags, out of sight. “I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” he said.[/I][/INDENT] So eventually all but one bitcoin owners will lose their password and this one person will be left holding what? A digital sack of steamy bits? [INDENT][I]Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.[/I][/INDENT][/QUOTE]
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