Lost password vs $220milions in BTC

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The price of bitcoin has recorded a historical growth that has risen by 92% in a month and about 340% in a year. But one investor was unfortunately denied access to his coin because ... he forgot his password.

This owner of bitcoin, Stefan Thomas, a programmer who was born in Germany and lives in San Francisco, has only two speculations left to understand the password for his wealth, which is worth about 220 million dollars. The password will allow him to unlock a small hard drive, known as IronKey, which contains the private keys of a digital wallet containing 7,002 bitcoins. Although the price of Bitcoin fell sharply on Monday, it is still higher by more than 50 percent compared to just a month ago, when it exceeded its previous high of about $ 20,000. In an interview with The New York Times, Stefan Thomas, a German developer living in California, revealed that he was given bitcoin, which varied in value over the years before it recently jumped, as a reward for shooting an animated video about bitcoin in 2011.

About 20% of existing bitcoins appear to be in "lost or otherwise stranded wallets," which is about $ 140 billion. So ... write down your passwords, account numbers, etc. in several places so that the same thing would not happen to you as to Stefan Thomas.

Source:

www.9news.com.au

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