Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them.
Well, a shipwreck is far more likely to destroy a flash drive than gold. At least gold can be recovered in most scenarios. Good luck recovering data from a flash drive damaged by salt water, assuming you can find such a tiny thing on the seabed among all the debris in the first place.
As for inflation. Yes, it’s a problem. But no ‘real’ currency fluctuates nearly as much as crypto.
One day, you’re a millionaire. The next day, you’ve got squat.
Plus, the entire system relies on human greed. Each and every single crypto-bro I came across preaches about hoarding… almost as if it’s a pyramid scheme. No one ever talks about spending or using it as an “actual” currency, which is what it’s supposed to be.
Crypto is all smoke and mirrors, not much unlike NFTs, as far as I’m concerned.
Sold all my bitcoin back in 2013 when it went over £700. Sure I could have held on longer for a better payday, but it let me buy my home outright and still have put the rest in stocks and shares.
I get where your coming from though. It’s all potluck.
I just LOST it, as in completely accidentally. Gf smashed the hard drive accidentally (it was in a thin enclosure) and after a failed recovery and controller swap I shredded it thinking the wallet was on a different drive. Things I try not to think about much.
That’s over 210 million dollars.
In make-believe currency.
An ‘incident’ like this wouldn’t have happened with “real” currency.
It’s not a currency.
Never heard of gold coins lost in shipwrecks, banks losing track of their accounting, or inflation?
Come-on, man. Shipwrecks?!
Well, a shipwreck is far more likely to destroy a flash drive than gold. At least gold can be recovered in most scenarios. Good luck recovering data from a flash drive damaged by salt water, assuming you can find such a tiny thing on the seabed among all the debris in the first place.
As for inflation. Yes, it’s a problem. But no ‘real’ currency fluctuates nearly as much as crypto.
One day, you’re a millionaire. The next day, you’ve got squat.
Plus, the entire system relies on human greed. Each and every single crypto-bro I came across preaches about hoarding… almost as if it’s a pyramid scheme. No one ever talks about spending or using it as an “actual” currency, which is what it’s supposed to be.
Crypto is all smoke and mirrors, not much unlike NFTs, as far as I’m concerned.
You should know better.
bitcoin mostly is an asset not a currency, similar to gold. comparing assets with currencies doesn’t really make sense.
Everything is make believe currency.
A lost safety deposit box key is an old urban legend. Not sure if it’s ever happened, but it could happen with a real currency.
It is now over $239 million or nearly ₱13.63 billion.
Over 77 years that is over ₱484k/day or over $8.5k/day
I lost a similar amount in 2011 or 2012. Well not similar closer to 5000. I won’t touch crypto now.
Sold all my bitcoin back in 2013 when it went over £700. Sure I could have held on longer for a better payday, but it let me buy my home outright and still have put the rest in stocks and shares.
I get where your coming from though. It’s all potluck.
I just LOST it, as in completely accidentally. Gf smashed the hard drive accidentally (it was in a thin enclosure) and after a failed recovery and controller swap I shredded it thinking the wallet was on a different drive. Things I try not to think about much.
Jesus Christ dude
I got ragged on in highschool for obsessing over crypto, and half those people are crypto bros now.