Internet of Shit

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Re: Internet of Shit
« Reply #45 on: December 22, 2020, 05:22:40 AM »

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Re: Internet of Shit
« Reply #46 on: January 11, 2021, 02:45:09 PM »



Re: Internet of Shit
« Reply #49 on: January 12, 2021, 11:31:51 AM »
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Re: Internet of Shit
« Reply #50 on: January 12, 2021, 07:48:08 PM »
Quote
Computer programmer has just two guesses left for his password to access $220m in Bitcoin before digital wallet locks FOREVER

    Stefan Thomas holds an estimated $220 million worth of Bitcoin in one digital wallet but can't remember his password
    He was gifted the 7,002 Bitcoin in 2011 but lost the password that same year
    The software used to create Bitcoin means that only the user has access to the password, with an IronKey system giving them ten attempts to get it right
     Thomas has only two password attempts remaining before the system will shut off his digital wallet forever and encrypt the Bitcoin files 
    Thomas watched as the value of the cryptocurrency doubled in the last month
    There is currently an estimated $140billion in Bitcoin trapped in similar digital wallets where the users have forgotten their password or left it stranded

Re: Internet of Shit
« Reply #51 on: January 12, 2021, 07:54:04 PM »
Quote
Computer programmer has just two guesses left for his password to access $220m in Bitcoin before digital wallet locks FOREVER

    Stefan Thomas holds an estimated $220 million worth of Bitcoin in one digital wallet but can't remember his password
    He was gifted the 7,002 Bitcoin in 2011 but lost the password that same year
    The software used to create Bitcoin means that only the user has access to the password, with an IronKey system giving them ten attempts to get it right
     Thomas has only two password attempts remaining before the system will shut off his digital wallet forever and encrypt the Bitcoin files 
    Thomas watched as the value of the cryptocurrency doubled in the last month
    There is currently an estimated $140billion in Bitcoin trapped in similar digital wallets where the users have forgotten their password or left it stranded

lmao yepe and think about all the btc lost in reformatting, throwing away old laptops, etc.
*spork*

Re: Internet of Shit
« Reply #52 on: January 16, 2021, 10:26:34 PM »
Quote
There is currently an estimated $140billion in Bitcoin trapped in similar digital wallets where the users have forgotten their password or left it stranded

This bugs the shit out of me -- mistaking potential for actual.
There is not $140 billion "trapped."   The missing money is what you spent to buy the bitcoins, and it is lost, it is gone.
Thinking the items that can't be used are worth $140 billion leads to thinking you are owed the $140 billion, and that is terrible and so infuriatingly typical.

Re: Internet of Shit
« Reply #53 on: January 16, 2021, 10:29:58 PM »
Quote
There is currently an estimated $140billion in Bitcoin trapped in similar digital wallets where the users have forgotten their password or left it stranded

This bugs the shit out of me -- mistaking potential for actual.
There is not $140 billion "trapped."   The missing money is what you spent to buy the bitcoins, and it is lost, it is gone.
Thinking the items that can't be used are worth $140 billion leads to thinking you are owed the $140 billion, and that is terrible and so infuriatingly typical.

In some cases it's actually gone, lost, reformatted or thrown away. In other cases it's still there, you can physically hold a hardware wallet in your hand, but you don't know the password so you can't access the funds. It's like holding a safe without the key. The contents are still in there, and that's what they mean by trapped
*spork*