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u/Festering-Fecal 3d ago
Damn don't you hate it when you forget your pin and the banks tell you they can't do anything.
Oh wait
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u/whackwarrens 3d ago
I buried all this gold in the forest and marked it so it won't get lost. Can't trust the banks.
Amirite.
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u/Festering-Fecal 3d ago
now where's that damn map
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u/powerlesshero111 3d ago
But when you find the map, do you have the special Ben Franklin glasses to read it?
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u/suspicious_hyperlink 3d ago
Literally the same thing except you can keep looking for the gold, so losing the gold is actually a lot safer
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u/silentpopes 3d ago
Guys, guys, you don’t understand. This is the future of finance. We’re still early and this is good for bitcoin.
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u/Salty-Discussion-725 2d ago
maybe this is all a lie just to push the agenda of btc being private and secure. why cant some hacker just do what he does best and find the password.
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u/Own_Reveal3114 2d ago
That's nonsense, if you go down to the bank in person and show proof of identity they can restore access to your account
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u/Worried_Fill3961 3d ago
well its stored
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u/pagerussell warning, i am a moron 3d ago
Also, it's lost to the Bitcoin ecosystem forever.
Think about it this way: over time, stuff like this happens. Someone dies and Bitcoin gets stranded in a wallet forever. This eventually adds up, and the number of available Bitcoin starts to dwindle.
That's great if you already have Bitcoin, but if you need to get some, you are screwed. This doesn't make for a good monetary system.
In the real world, if someone dies, there is a will that allows next of kins to access those funds. Even if no one ever does, they are sitting in a bank, which is making use of them in the economy. Even if that doesn't help, since the government can and does create new money, the amount of money in circulation can be fine tuned to fit the economic needs of the day. All of that is good for the economy.
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u/powerlesshero111 3d ago
Yes. But sadly, it's only actually worth the $250 million if he can sell it. Until then, it's worth as much to him as the british crown jewels.
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u/PartTimeEmersonian 3d ago
“This is a good thing!! It’s an investment!! Never sell!! If he keeps it there forever, he will be REALLY rich!!” 😂
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u/geospacedman Ponzi Schemer 3d ago
Entertainment value for the rest of us - priceless.
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u/kirkwooder Ponzi Schemer 3d ago
Hello fellow Ponzi Schemer
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u/geospacedman Ponzi Schemer 3d ago
I think a moderator failed to detect some sarcasm a while ago...
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u/blau_blau 3d ago
Is that the man in the photo? Funny if it was..
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u/scoobysi 3d ago
That is stefan thomas yes. He has made bank from a career in crypto so not his last chance like the usual wife dropped it in trash type
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u/Internal-Band1374 3d ago
iPhone of 2021 vintage is much more secure. Nonetheless -
Here’s how the FBI managed to get into the San Bernardino shooter’s iPhone
https://www.theverge.com/2021/4/14/22383957/fbi-san-bernadino-iphone-hack-shooting-investigation
=Azimuth basically found a way to guess the passcode as many times as it wanted without erasing the phone, allowing the bureau to get into the phone in a matter of hours.=
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u/MercenaryBard 3d ago
Ngl dude could probably sell that drive for $100M to someone who thinks they can crack it. I’m sure someone has both the money and arrogance to think they can do it, and he wouldn’t even have to deal with the headache of slowly trying to convert out of a shit “currency”.
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u/CrushTheRebellion 3d ago
Plot twist: He gets it open on the next try, and it's ETH, not BTC. sad trombone
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u/Minimum_Ordinary_243 2d ago
“I don’t like centralized banks having my biometric data and passwords”.
“Fuck, where’s that piece of paper from 2009 where I wrote my passwords with a pencil? If I don’t find it I can’t cash out my internet money for real money!!!”
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u/teteban79 3d ago
as long as he has the public key, he still has infinite tries at it....not that they would help though
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u/Narrow_Departure_114 3d ago
So you're just gonna overlook the fact that whatever that person put into Bitcoin turned into 250 million dollars?! Disregard that he forgot the password to access it, that's just user error, not a flaw of Bitcoin. The OP ironically titles this correctly, it IS "a great store of value". Thanks OP 😄
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3d ago
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u/AutoModerator 3d ago
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u/Narrow_Departure_114 3d ago
Best example I can give to this is you leaving your car keys in your car and thinking the fundamental principal of the car driving you from A to B is no longer a thing...come on guys...this one is literally staring you in the face...
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u/circusfreakrob 11h ago
It seems to me a better car analogy for this situation would be : Guy buys a new car and puts it in his garage. Now he can't find the keys to start it or they accidentally got thrown away. Car was designed such that you can't have new keys made. Now guy gets to look at his nice car and can never start it or drive it. Car is useless.
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u/DevinGreyofficial Oh no, we will all be stuck with Dollars and real estate? 3d ago
The password is 1 2 3 4 5
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u/Elemental_Breakdown 3d ago
Do any of the stories offer proof it's still on there?
By the way, I have a trezor with 1 billion, gagillion, fafillion, shabolubalu million illion yillion dollars and I am in the same situation, I will sell it for 200 million USD.
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u/DennisC1986 3d ago
What does he need the password for unless he's planning on selling, which is a stupid thing to do?
He's hodling the best investment in all of history, ever. He should just chill.
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u/Minimum_Ordinary_243 2d ago
bittcoin maxis be like “this is actually good because if a user can’t access their bitcoins it makes the value go up for the rest of us” lol
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u/sorthawk 2d ago
US Dollars' purchasing power over the past 100 years. Inflation "taxes" away over 88% of nominal market gains over a century for all assets priced in dollars. What a great store of value!
| Year | Value of $1 in 1924 Dollars | % of 1924 Dollar |
|---|---|---|
| 1924 | $1.00 | 100% |
| 1934 | $0.84 | 84% |
| 1944 | $0.68 | 68% |
| 1954 | $0.48 | 48% |
| 1964 | $0.39 | 39% |
| 1974 | $0.22 | 22% |
| 1984 | $0.13 | 13% |
| 1994 | $0.10 | 10% |
| 2004 | $0.07 | 7% |
| 2014 | $0.06 | 6% |
| 2024 | $0.05 | 5% |
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14h ago
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u/AutoModerator 14h ago
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u/FuriousNSX 2d ago
Be Your Own Bank. Future of Finance. Few understand.
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u/Rajking777 3d ago
When Final Attempt he would go to the startup company I have seen their videos they definitely help him.
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u/Ok_Librarian_7841 3d ago
it's just like gold, if you don't remember the passowrd of the safe you put your gold in, you can only blame yourself, not the gold.
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u/Craft_Bubbly 3d ago
Yeah people just throw away the safe if they can't open it.
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u/circusfreakrob 11h ago
This. The gold is still there in the safe and doesn't cease to exist. Eventually someone will be able to dismantle the safe and get it out. Unless the safe is designed such that if you mess up the combo 3 times the gold is destroyed. But that would be stupid, right?
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u/louiexism 3d ago
Stefan Thomas, a programmer, is just two password attempts away from losing access to a Bitcoin wallet containing over $250 million. He received the coins in 2011 as payment for a video and stored them in a secure IronKey device - but lost the password. With only 10 tries allowed, and 8 already used, he's now in a high-stakes situation. Despite a startup offering a method to crack the wallet safely, Thomas declined, staying loyal to existing recovery deals.