The story of bitcoins lost in the most stupid way possible

 

Reading the title of this article may be scary too! Losing bitcoin literally means losing bitcoin! There is no bank to turn to and no higher authority to return your money. Lost bitcoins are forever out of your control and you better not think about them anymore! In its new article, the website IMBI Crypto tells the story of people who have lost many bitcoins in stupid ways. It is best to never forget these two rules:

 

Rule 1: Keep your private keys (or retrieval terms) safe.

Rule Two: Never forget the first rule.

There are many stories about lucky people getting rich with Bitcoin. This article focuses on the least fortunate who have lost their money and bitcoins. You can not discard your old computer where bitcoins are stored because the value of your bitcoins has not gone up. But the person in our story did it. This story took place around 2010, when everything was simpler, years before the Bitcoin fame exploded. Syl Turner mined two bitcoins when they were almost worthless. And then he temporarily moved his old computer to the attic. Seven years later, when Satoshi's masterpiece became very valuable, the Atlanta-based software developer just remembered his bitcoins. But it was too late. The computer seemed to be useless and all its information was lost. Two bitcoins were easily lost. Now that we are talking about the least fortunate bitcoins, how can we forget James Howells? This is about a time when each bitcoin was priced at around $ 130, when it was discovered that Howles had discarded the 7,500 bitcoins he had mined in 2009. You may ask, where did he throw it? At the landfill! The title is a kind of synopsis. A man named Dalton Mackey bought 25 bitcoins a day and stored them in his wallet on his computer. Some time later, when he completely forgot about bitcoins, his system crashed and he got a new system. After a long jump in bitcoin, he realized what he had done. He could be rich today. We all have friends who have lost their wallets in the aisle, or left their cell phones in the shops! But what about a quality in which a USB flash drive contains bitcoin private keys? Meet John. In 2012, a freshman bought 10 bitcoins and stored the private key containing the bitcoins on a flash drive. In short, when he left his bag, he lost all these funds! An Irish drug dealer, Clifton Collins, split some 6,000 bitcoins between 12 new wallets, each containing 500 bitcoins. He then wrote down his 12 private keys on a piece of paper and hid them in an aluminum can in his fishing bag. Let's get to the point. Our storyteller was arrested for smuggling marijuana, and his landlord threw away his belongings, including his fishing bag. It was a sad story of the loss of an Irish man's bitcoins. In the bright half of the story, he has come to terms with the loss of his wealth, saying that it was in fact "the punishment of his own stupidity." Mai Schotz, an employee of the popular Wired magazine, says: We were stupid, but we were not the only idiots. In 2013, staff at the San Francisco-based Wired Magazine extracted 13 bitcoins using a mining device developed by Butterfly Labs. But none of those bitcoins are available today. They have forgotten the private keys of the wallet and no one can remember this 64-character text string. Peter Schiff, a pro-gold economist and major critic of Bitcoin, receives an honorary doctorate. The gold prospector forgot his wallet password and blamed Bitcoin. Schiff, a staunch critic of digital currencies, said sadly on social media that his wallet was broken. He later tweeted that the problem was due to software updates and logging out of his account. Yes, the famous economist did not back up his wallet recovery words.

Mr Ehsan Atash Zaban

Pythonex.net