Did you guys read this story about a guy who lost $30K Bitcoin...

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Quote from: daweller on November 07, 2017, 03:00:08 AM

You guys didn't read the whole thing Sad

There IS a happy ending!

No there is no happy ending, this isn't once upon a time TV series, this is just a sad story. happy ending only belongs to Satoshi, almost 1M BTC. almost 1M BCH and more from other forks. happy ending is buying Bitcoin at $5 and dumping them at $7500.

Quote from: gentlemand on November 07, 2017, 12:26:05 PM

It's a great read, but I struggle to have any sympathy for someone who made such a moronic set of errors and was only saved by the most extreme alignment of stars.

That pin number for starters is ludicrous and custom designed to scramble anyone's brain. Let's face it, most people don't have what it takes to be their own bank and never will.

If it was possible, Bitcoin would jump girls and beg for bounties+translations on ICO topics for me, I'm OK with everything else Bitcoin is doing for me.
Most people don't have what it takes to be their own banks, we have banks to be the banks for most people.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

It's a great read, but I struggle to have any sympathy for someone who made such a moronic set of errors and was only saved by the most extreme alignment of stars.

That pin number for starters is ludicrous and custom designed to scramble anyone's brain. Let's face it, most people don't have what it takes to be their own bank and never will.

iamTom123

hero member

Activity: 490

Merit: 501

Quote

“Where is it?” Carla asked. “I threw it away.”

I am sure there are also other people into Bitcoin who experienced almost the same horrifying experience when the piece of paper where the vital information was recorded is gone for good. The big lesson here is never trust yourself in keeping the record...make sure that you rightly recorded all the necessary details and that you are storing it like a precious jewelry as it would be so hard to get them back once they are lost for careless grounds. Good thing that the story here still ended up nice.

dasdo

full member

Activity: 216

Merit: 100

Yes, I do not envy a guy who has lost so much money. And all the rest of the great advice, do not neglect ever any ways of security. Because once you lose, you will not want to lose any more, and you will not be able to return time. Undecided

farhaan

sr. member

Activity: 392

Merit: 250

Definitely,its a sad story.It shows that we should be cautious while storing bitcoins.But happy that at last he has recovered the pin and the seed.I could understand what feelings might have gone in his mind.Hop that this story would make others to be alert about their hard earned money.

I recently heard story of another guy who lost his 45 BTC by storing it in a wallet downloaded from a fake website Electroncash.com instead of official website Electrum.org while trying to claim free BCH coins.

Saerel

newbie

Activity: 11

Merit: 0

I just read it i would have cried if i had invested so much in it and after a year i saw that it was developed a lot and i lose my password i would have literally cried and hope to get it back again would have tried everthing i got this is why we all need a backup.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: timikulit on November 07, 2017, 03:45:23 AM

The Real pin is 45455544. No more heart pounding guessing. cheers.

The lesson is : Do not store your passphrase in orange paper Wink

It's a nice long story to read indeed, but it also confirms to me why I don't want to trust a hardware wallet:
1. I still need to keep 24 words as a backup somewhere safe.
2. I can never verify on my own if a hardware wallet has exploits.

poletando

full member

Activity: 364

Merit: 100

PlayGame.com

wow its a sad story, my advice is if you save bitcoin more $10000 you can save it in hardware wallet or you can save it in paper wallet, so you can need to afraid that you lost your pin key. if hardware wallet you can save it in your storage box and make a note about the pin and the information about it

ORiN

sr. member

Activity: 532

Merit: 250

I've read several such stories and I always do facepalm. Why don't they type their PIN in a PDF-file with master password (such word that easy for only to you to remember) that is a cloud (iCloud, Google Drive, Dropbox, etc.)? It's simple and safe at the same time!

Xenrise

sr. member

Activity: 672

Merit: 251

Wow, that is a big loss. That is so sad for someone to lose bitcoins amounting $30k. But with a big fall, a human has 2 choices. Either stay on the ground or try to wake up from that fall and will recover from that loss. Well, many entrepreneur fell down before they succeed. So it is best to recover from that fall.

EugeneAS

newbie

Activity: 51

Merit: 0

On different estimates, more than 3 million BTC are buried on lost wallets.

The crypto economy is still raw, and requires a specific mindset. Nowadays, nearly everything can be restored. You can restore you passport, you credit cards, your passwords using your identity (your body) or existing records (ex. email password or birth certificate).
When you generate a private key, it's just you and the key. No one knows it, and no one can restore it.
This is quite challenging to understand for many people, not because they are dumb, but because this is something completely new.

DarnellL

newbie

Activity: 34

Merit: 0

It's just your responsibility to safely store all your credentials and never lose it.
It's a simple internet hygiene!

It makes me wonder: how many geeks had 1-10-100 BTC on their wallets back in 2010 and lost their passwords?
So basically there can be millions of $ that are lost forever!

raiblock

sr. member

Activity: 485

Merit: 250

Quote from: treather on November 07, 2017, 02:37:21 AM

Quote from: daweller on November 07, 2017, 02:14:18 AM

I thought it was a great story, because once i started reading it, I could not stop!
link: https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

It is a very sad story but also an all too familiar one. I have lost a couple of wallet passwords myself by being careless. But now I make sure that never happens. What was worth $10 to me back in the day is now over $200.

You haven't even read the story! Roll Eyes

And that's a pitty cause it's so well written and dramatic that you feel you're watching an action movie.

spoiler: he spent like one btc but got them all 7 btc back in the end.

timikulit

full member

Activity: 196

Merit: 103

This article is very long and heart pounding.

Because of the trezor exploit he was able to recover his bitcoins

Luckily he didn't install passphrase (passphrase_protection: false) to his trezor.

Then a guy helped him how to exploit his low version trezor.

He is not that technical guy but he made it. Good Job!.

His family is very supportive also.

The Real pin is 45455544. No more heart pounding guessing. cheers.

The lesson is : Do not store your passphrase in orange paper Wink

phelbaby

member

Activity: 434

Merit: 10

i have lost keys online like this so i learnt my lesson in saving keys offline

Captain_Planet

full member

Activity: 448

Merit: 102

That's his own fault. He left the pin under the pillow of his daughter. Its really funny at one side of the story, but on the other hand its terrible for the person who lost more than 7 bitcoins like this. Truly heartbreaking.

Opquar

sr. member

Activity: 385

Merit: 250

Well that was entertaining. I would have gone as far as he did if I lost that amount as well lmao. It was smart of him to try to use that vulnerability. I didn't think it was actually ever exploited because no one has been hacked as far as I know.

daweller

member

Activity: 68

Merit: 10

You guys didn't read the whole thing Sad

There IS a happy ending!

moonchaser_babylove28

newbie

Activity: 46

Merit: 0

That is one sad story but we can say that part of it is his fault. There are many ways to back up his pin and that we all knew, right. Pin, password, private keys, passphrase means money so we should take or these no matter what happen for it might hold our future and it will just go to waste when we are going to just ignore those.

treather

full member

Activity: 266

Merit: 102

Quote from: daweller on November 07, 2017, 02:14:18 AM

I thought it was a great story, because once i started reading it, I could not stop!
link: https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

It is a very sad story but also an all too familiar one. I have lost a couple of wallet passwords myself by being careless. But now I make sure that never happens. What was worth $10 to me back in the day is now over $200.

Topic: Did you guys read this story about a guy who lost $30K Bitcoin... (Read 502 times)