Go read this NYT story about losing $220 million in bitcoin
There aren’t many good ways to lose $220 million, but this New York Times article highlights a particularly egregious one — losing millions of dollars in bitcoin because you forgot the password to your digital wallet.
Stefan Thomas’ 7,002 bitcoin (worth roughly $220 million) are locked away in an IronKey hard drive, according to NYT’s Nathaniel Popper. The problem is he can’t remember the password, and he’s just two failed password attempts closer to losing them forever due to IronKey’s strict security protocols. There is the possibility of paying someone to crack the drive, but Thomas would have to have the time and money to make that happen.
It’s a darkly comedic scenario, and Popper’s story hits all of the cryptocurrency classics to…