9000 Bitcoins in this wallet. - page 2.

StevenS

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Quote from: ulhaq on January 01, 2018, 07:18:52 PM

I don't understand what happened there? If he sent 1 BTC to himself, then the other 8999 should be sent to a change address for which he controls the private key. That is how the deterministic wallets work today. It is not necessary to re-backup a wallet after every transaction, right?

If that is not what happened, how did the wallets back then work? Would they generate a new change address at the time of sending? In which case there was no record of the private key?

This happened before deterministic wallets, which are relatively new.

At the time, the wallet would create a new, random "change" address when the transaction was created. This new address would exist only in the wallet, which would then need to be backed up.

At the time, a wallet was a collection of random addresses that would have to be backed up every time a new address was created. Now, HD wallets are pseudo-random addresses that can be recreated with one master key that doesn't change.

batang_bitcoin

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Quote from: Virtual miner on January 02, 2018, 03:39:09 PM

I dont think this guy might be alive. Losing such a big amount just because you forgot those 12 words is really something you can take your life for. Tongue

Does he even know that he is a billionare today but to his misfortune can't access his funds. Its seriously the biggest loss of all time.

Do you mean the owner or those 9k bitcoins? It's totally lost forever and during those times bitcoin isn't popular and isn't worth that much so it's not a loss for him before but taking a look back at the past will definitely going to hurt his feeling or even us who don't have that amount of bitcoins. He didn't forgot those 12 word recovery phrase/words, he totally wiped out his data.

Quote from: gentlemand on January 01, 2018, 06:09:02 PM

https://bitcointalk.org/index.php?topic=782.5

This is the story.

gentlemand

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Quote from: darkangel11 on January 02, 2018, 03:52:55 PM

So basically anyone at that time could really damage the supply. Think about it. You have a rich kid that buys himself some expensive toys now and then. He gets interested in BTC somewhere along the way and decides to buy a million, then he loses all by mistake. I'm glad people weren't so careless with their coins back then.

Hmm. I think they probably were. I wouldn't be surprised at some of these silly sounding estimates of lost coins being in the several million. Don't forget that production was its highest at 50 coins per block when it was completely worthless for over a year and any old donkey could mine back then. I'm sure Satoshi retained his. Dunno about the rest.

And that's even before we think of carelessly treated coins that were bought. They were still only 10 dollars a piece into 2013.

olubams

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Quote from: Crypto Piece on January 01, 2018, 05:56:58 PM

one guy lost 9000 btc in 2010 the btc are still sitting there https://blockchain.info/address/167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg

-Crypto Piece

I don't understand how much time you have gotten that the only thing you could invest your time into are wallets that contains huge amount of bitcoin which unfortunately you can neither spend have access to just a form of wish that cannot come into fulfillment. I wonder what you would do if you have access to Satoshi's wallet that have been widely circulated to have about 1million bitcoins.

darkangel11

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Quote from: gentlemand on January 01, 2018, 06:19:30 PM

Quote from: avilsd on January 01, 2018, 06:15:54 PM

I got really upset when I lost .9ETH (which may soon be worth over $1,000) testing out a new wallet. I sent that as a trial run before sending like 21 ETH over.. that would've sucked even more. I can't imagine how this guy must feel now!

Well, back then 9000 BTC cost about 900 dollars so hopefully he went straight back out and bought some more. Even then at that point in time that would've seemed like a bonkers thing to do.

So basically anyone at that time could really damage the supply. Think about it. You have a rich kid that buys himself some expensive toys now and then. He gets interested in BTC somewhere along the way and decides to buy a million, then he loses all by mistake. I'm glad people weren't so careless with their coins back then.

EcoChavCrypto

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Quote from: tabas on January 01, 2018, 06:05:27 PM

That's a lot of bitcoins computing 9,000 BTC * $13,460 = it's a shining $121,140,000.

Just imagine and think for a second what would be of you if you have that amount of money on your wallet right now.

How your life would be? Oh my god, i can not even imagine that.

But of course that no one knows who was the real guy who lost that incredible amount of money, and we all are feeling very sorry for him.

I would not even be able to survive to it, losing 120 million dollars is something HUGE.

Virtual miner

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Quote from: Crypto Piece on January 01, 2018, 05:56:58 PM

one guy lost 9000 btc in 2010 the btc are still sitting there https://blockchain.info/address/167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg

-Crypto Piece

I dont think this guy might be alive. Losing such a big amount just because you forgot those 12 words is really something you can take your life for. Tongue

Does he even know that he is a billionare today but to his misfortune can't access his funds. Its seriously the biggest loss of all time.

gentlemand

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Quote from: dzkazmi on January 02, 2018, 03:24:51 PM

WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.

Well, he never came back to Bitcointalk after that. If he knows what's good for him he underwent hypnosis to cast the entire thing out of his mind. That would gnaw at me until I burst in a puff of acid and ate through the floor a la Alien.

Radientgurkin

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Quote from: dzkazmi on January 02, 2018, 03:24:51 PM

WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.

Any time you ever see a man run out on the street and bang his own head with a frying pan you may wonder that may be the guy.

dzkazmi

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WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.

tabas

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Quote from: gentlemand on January 01, 2018, 06:09:02 PM

Quote from: tabas on January 01, 2018, 06:05:27 PM

Last transaction was made on 2016-01-21 and I guess the other sent fractions are just tested for burning. Do you know on who's this person or where did you got this address? That's a lot of bitcoins computing 9,000 BTC * $13,460 = it's a shining $121,140,000.

https://bitcointalk.org/index.php?topic=782.5

This is the story. It sounds like it was a very easy mistake to make back in the day. These days we're spoilt for choice in terms of wallets and the protection they offer. Any one of us might have made the same balls up.

Thanks for that share gentlemand and that's what I've noticed before people having the same mistake. I agree that if I'm on those days for sure that I'll commit the same mistake anyway there's no way to recover it, feeling sorry for stone man on this day.

Quote from: Taras on January 01, 2018, 09:39:34 PM

But this guy didn't even get any pizza in return. [....] I wonder if he kept that 1 BTC.

Sadly no pizza for him. Sad

and I hope so he did kept it.

Taras

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Yeah, all the time people would throw away these huge piles of bitcoins. But this guy didn't even get any pizza in return. Just lost faith in a technology that would have changed his life. I wonder if he kept that 1 BTC.

DARKANGEL6415

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Ok so some people on here are saying it was used for fractional bitcoin burn. Others are saying it was a mistake by early bitcoin person. If it was a mistake then i can safely say that this has got to be the worse thing i have seen happening to a person. That will replace the pizza order with bitcoin and top with the guy who throw out hard drive with 7500 bitcoins.

Scorpion

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It's kind of a bittersweet story to read. One one hand it's really sad for him that this happened to him but it's also a case scenario why it's so important to understand how important it is to back up and keep your private keys stored some where you can access safely etc, it also shows how strong cryptocurrency is - yes it's a good thing no one is able to access these funds anymore it's supposed to function in this manner.

swpqlhmgp

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This guy is very unlucky, he lost money is astronomical. Anyway, at least he was involved in several transactions with Bitcoin, and he was an early Bitcoin user and thanked him.

SiranthiS

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Happens like this really a sad news. He may have more bit coin than before... Wink

real_links

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It's a pity. But how will this have happened?

Sahabat_

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it's cool if now that have a wallet it sells because the price is now very high and that is 9000 Bitcoin and if calculated to the dollar of course it is very much and can be to live in the village for a lifetime

Markzuckertion

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Quote from: Crypto Piece on January 01, 2018, 05:56:58 PM

one guy lost 9000 btc in 2010 the btc are still sitting there https://blockchain.info/address/167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg

-Crypto Piece

Is he dead? Its so much. its mean that we cannot do anything with those bitcoin. May be he is already rich and do not need that. Blockchain developer must contact the person who have that bitcoin, if he dead , his family can take the money.

ulhaq

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I don't understand what happened there? If he sent 1 BTC to himself, then the other 8999 should be sent to a change address for which he controls the private key. That is how the deterministic wallets work today. It is not necessary to re-backup a wallet after every transaction, right?

If that is not what happened, how did the wallets back then work? Would they generate a new change address at the time of sending? In which case there was no record of the private key?

Topic: 9000 Bitcoins in this wallet. - page 2. (Read 630 times)