Peter Schiff's Bitcoin wallet mystery is solved

HardFacts

member

Activity: 434

Merit: 29

Quote from: Dart18 on January 26, 2020, 10:42:42 AM

Just making a story so that it won't look that much bad.
But he cannot fool everyone. If that someone didn't reach out to fix things then he might be really lose all those funds.

You cannot just freaking forget your password specially if you know you have a large amount being kept there. Grin

How TOTALLY IGNORANT and STUPID can you be Huh

Commenting on something you have no knowledge of 🙈🙈🙈 No one should ever listen to Dart18, must less take financial advice from this fool.

UPDATE 23 JANUARY 2020

Peter Schiff figured out exactly what happened, and all of Peter Schiff's bitcoin is gone FOREVER, now living in BitCoin Heaven... Eric Vorhees set up Peter Schiff's wallet at a debate for him, and Never gave Peter Schiff's his Seed words, nor his password... Peter Schiff used his PIN believing that was all he needed until a software update logged him out of his wallet, and he now has no way to get back in... So Peters Bitcoin is TOTALLY GONE as Peter First reported, the only difference is that we now know why.

And the " large amount being kept there " was about 2000.00 USD, a very small amount for a multimillionaire like Peter Schiff

Hard Facts

Dart18

sr. member

Activity: 1400

Merit: 259

Quote from: Wind_FURY on January 25, 2020, 03:45:35 AM

Quote from: Dart18 on January 25, 2020, 03:34:32 AM

There he go.

Now I think something is proven to him.
Don't say bad things when you are angry.
Calm down and do your work. Now, what will he say to the bitcoin technology. I bet he should heal those scars that he gave.
He cannot say he is sorry. Making up for those bad things that he said should be the first thing he should do.
Hype bitcoin!!! Cheesy

Thanks for the news as I have never used Twitter. Merit.

The feedback he got from his original tweet, which was a lie, was negative, and his true intentions were very clear. The tweet in the OP about what "he discovered" was to save himself from further embarassment in my opinion.

Could be.
Just making a story so that it won't look that much bad.
But he cannot fool everyone. If that someone didn't reach out to fix things then he might be really lose all those funds.

You cannot just freaking forget your password specially if you know you have a large amount being kept there. Grin

seagates

jr. member

Activity: 127

Merit: 1

So, haters gonna hate as usual. It was obvois what this is was his problem

bounceback

sr. member

Activity: 2086

Merit: 283

Vave.com - Crypto Casino

Quote from: Wind_FURY on January 23, 2020, 01:35:12 AM

https://twitter.com/peterschiff/status/1220135541330542592

My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!

seeing Schiff's tweet doesn't really admit his mistake, and I don't believe that he never had a copy of his seed phrase and he also said he never knew the password, it's too hard to believe, because basically when we make a blockchain wallet accounts like those used by Peter Schiff, will definitely ask us to provide our email address and password, we also have to re-enter our password to confirm.
I think it's drama because Peter Sciff's claim is hard to believe, isn't this ridiculous?

malevolent

legendary

Activity: 3472

Merit: 1722

Quote from: pooya87 on January 23, 2020, 03:46:53 AM

i've seen this dude's name mentioned recently a lot and i don't get why people have been talking about him when his actions are the common mistakes that a lot of newbies have been making and nobody talked about any of them.

It's only because he's a known personality in libertarian and goldbug circles which have quite an overlap with (earlier) Bitcoin users. His 2006 prediction of the real estate market driven recession brought him a lot of new followers, many of whom later got involved in Bitcoin and were disappointed he didn't share their enthusiasm for Bitcoin. He's too heavily invested in metals to bother with Bitcoin so I don't see him changing his sceptical stance.

HardFacts

member

Activity: 434

Merit: 29

Quote from: bitcoindusts on January 25, 2020, 11:35:26 AM

I do like Peter Schiff even though he is somehow does not like Bitcoin. I first saw him in a video of a debate regarding Bitcoin as future money. Though he lost on that one, he still stand his ground. Anyway, now I know why Peter Schiff does not like Bitcoin Grin

.

Good for you for listening, you are smarter than the majority of people here. Having listened, if you see Peters predictions start to come true, it may save you financial ruin...

He did NOT lose the debate, he was in a room full of BitCoin Advocates... Given a NEUTRAL AUDIENCE, the results would be far different.

CENTRAL BANKS and governments are buying GOLD, not BitCoin. That should clue you in.

UPDATE 23 JANUARY 2020

Peter Schiff figured out exactly what happened, and all of Peter Schiff's bitcoin is gone FOREVER, now living in BitCoin Heaven... Eric Vorhees set up Peter Schiff's wallet at a debate for him, and Never gave Peter Schiff's his Seed words, nor his password... Peter Schiff used his PIN believing that was all he needed until a software update logged him out of his wallet, and he now has no way to get back in... So Peters Bitcoin is TOTALLY GONE as Peter First reported, the only difference is that we now know why.

msarro

hero member

Activity: 788

Merit: 505

Quote from: Wind_FURY on January 23, 2020, 01:35:12 AM

Plus surprise, it isn't Bitcoin's fault, which at first was "Bitcoin's fault" as he was trying to indirectly suggest. He's now probably trying to save his reputation because he only made himself look stupid.

https://twitter.com/peterschiff/status/1220135541330542592

Quote

My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!

You can always recover your wallet, if you have carefully written your seed. It's very easy to blame bitcoin but security of your wallet lies on your shoulder. Craig Wright, McAfee and now this drama coming to end.

kizlod

jr. member

Activity: 139

Merit: 5

Quote from: Wind_FURY on January 23, 2020, 01:35:12 AM

Plus surprise, it isn't Bitcoin's fault, which at first was "Bitcoin's fault" as he was trying to indirectly suggest. He's now probably trying to save his reputation because he only made himself look stupid.

https://twitter.com/peterschiff/status/1220135541330542592

Quote

My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!

the merciless thing is reputation. i guess nothing will change his image of clown

bitcoindusts

sr. member

Activity: 1092

Merit: 271

Quote from: HardFacts on January 23, 2020, 09:24:38 AM

Peter Schiff should have backed up he seed phrase here on the forum like I do, that way it never gets lost !!!

At least Peter Schiff is HONEST about what happened, exactly the type of person I would trust.

Hard Facts

I do like Peter Schiff even though he is somehow does not like Bitcoin. I first saw him in a video of a debate regarding Bitcoin as future money. Though he lost on that one, he still stand his ground. Anyway, now I know why Peter Schiff does not like Bitcoin Grin

.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: buwaytress on January 25, 2020, 04:44:57 AM

Not really. He probably doesn't own any actual gold, just like most Bitcoin investors probably don't actually own their actual private key. What they own is some certificate that promises them they will be able to redeem it for the equivalent in gold (or bitcoin). To be fair, it does seem pretty safe to pay a bit more to have someone else take care of your gold/btc, and at the same time sleep in the assurance that if anything happens to it, you're insured (then again, that insurance itself is also a promise!).

He doesn't even actually own much paper gold at all---he in an interview said that most of what he owns and is somewhat related to gold is either his business or the gold stocks that he has in his portfolio.

Gold stocks are to gold what altcoins are to Bitcoin, leveraged instruments to maximize their ROI. This means that he doesn't care much about the metal itself, but is obsessed with the gains that these stocks could provide.

I never considered him to be an actual gold bull because he is so obviously focused on ROI. If he really cared about the actual metal he would promote that instead of some speculative stocks he always considers undervalued.

wack slacker

full member

Activity: 966

Merit: 102

Unfortunately, he lost a lot of money for the most basic reasons. I don't think he could mistake the password for such a private key. Obviously, we need an approach to Bitcoin wallets and more specific security methods to avoid making mistakes like Peter.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Wind_FURY on January 23, 2020, 01:35:12 AM

Plus surprise, it isn't Bitcoin's fault, which at first was "Bitcoin's fault" as he was trying to indirectly suggest. He's now probably trying to save his reputation because he only made himself look stupid.

https://twitter.com/peterschiff/status/1220135541330542592

Quote

My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!

he realized that he gains No support if ever he will throw stones towards Bitcoin about this case so he has No choice but to admit that it was his mistake and no one to blame but him only.

people are not stupid to buy His issue and that changed His mind about the scenario might take in this.
just after a week he finally realized this?is that normal for this Bitcoin critic?well for sure it wasn't right/

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: The Sceptical Chymist on January 24, 2020, 10:05:21 AM

I'm not sure why Schiff even bought any bitcoin to begin with, but whatever. What I'm more surprised about is that he obviously didn't take the time to learn the basics about it before doing so--if he didn't write down his seed phrase, that betrays a level of ignorance about bitcoin that I find puzzling, as I don't think Schiff is a stupid man by any means. A huckster, yes. Stupid, no.

In fact, he didn't buy anything - I've written it many times before, even on this thread :

Quote from: Lucius on January 23, 2020, 10:19:18 AM

He got that amount from his friend Erik Voorhees, but afterward, some other people continued to send him donations (gifts), and today that address is holding 0.21 BTC.

This whole stupid story actually came about because someone gave something to someone, and that person has no idea what they got for a gift. Gifting $50 worth of BTC to Peter or some 10-year-old child is actually the same thing, they both won't know what to do with it. Although much more justification can be found in the case of a child, than in an adult who earns millions.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Quote from: 50 Cent on January 24, 2020, 11:57:25 PM

he doesn't know the difference between a pin and a password, because Gold doesn't have it.
https://twitter.com/PeterSchiff/status/1220803298447495175
Peter Schiff and I can access his Gold without a private key.

Not really. He probably doesn't own any actual gold, just like most Bitcoin investors probably don't actually own their actual private key. What they own is some certificate that promises them they will be able to redeem it for the equivalent in gold (or bitcoin). To be fair, it does seem pretty safe to pay a bit more to have someone else take care of your gold/btc, and at the same time sleep in the assurance that if anything happens to it, you're insured (then again, that insurance itself is also a promise!).

EdvinZ

sr. member

Activity: 994

Merit: 260

A very unfortunate loss for Peter Schiff and a lesson to everyone else. SEED phrase should be stored in a safe place and preferably on a special metal device. Here is a link to an article that describes various SEED storage devices and tests for their resistance to various types of damage. Link — https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Dart18 on January 25, 2020, 03:34:32 AM

There he go.

Now I think something is proven to him.
Don't say bad things when you are angry.
Calm down and do your work. Now, what will he say to the bitcoin technology. I bet he should heal those scars that he gave.
He cannot say he is sorry. Making up for those bad things that he said should be the first thing he should do.
Hype bitcoin!!! Cheesy

Thanks for the news as I have never used Twitter. Merit.

The feedback he got from his original tweet, which was a lie, was negative, and his true intentions were very clear. The tweet in the OP about what "he discovered" was to save himself from further embarassment in my opinion.

Dart18

sr. member

Activity: 1400

Merit: 259

There he go.

Now I think something is proven to him.
Don't say bad things when you are angry.
Calm down and do your work. Now, what will he say to the bitcoin technology. I bet he should heal those scars that he gave.
He cannot say he is sorry. Making up for those bad things that he said should be the first thing he should do.
Hype bitcoin!!! Cheesy

Thanks for the news as I have never used Twitter. Merit.

50 Cent

full member

Activity: 519

Merit: 197

he doesn't know the difference between a pin and a password, because Gold doesn't have it.
https://twitter.com/PeterSchiff/status/1220803298447495175
Peter Schiff and I can access his Gold without a private key.

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

I'm right, it's just an act of losing a wallet even he didn't really lose it. His statements change when people bash him due to his dumb statements toward Bitcoin.

It's very impossible to lose the wallet instantly, imagine you own a huge amount of bitcoin but doesn't secure your wallet?

Quote from: finaleshot2016 on January 22, 2020, 12:48:45 PM

He just wanted attention, that's all.

..And I doubt he really lost his keys on his wallet, IMO he's also gaining benefits on using BTC and at the same time, he's an anti-BTC for promoting his own Ponzi. It's just an act, my fellow friends.

It's good news that this issue was already solved, I'm just waiting for CSW issue on Feb.

ice098

hero member

Activity: 1498

Merit: 586

Quote from: kryptqnick on January 24, 2020, 01:23:51 PM

Quote from: pooya87 on January 23, 2020, 03:46:53 AM

i've seen this dude's name mentioned recently a lot and i don't get why people have been talking about him when his actions are the common mistakes that a lot of newbies have been making and nobody talked about any of them. basically that is most of the topics created in tech support board!
not to mention that he NEVER owned any bitcoins because when you don't have your private keys and all you have is an "account" on a "server" then you don't own any bitcoins even if that "server" is blockchain.com and it lets you have your keys.

I agree that there's nothing interesting about the mistake, and it sounds very typical. I don't think that's why people talk about it. They talk because he's Peter Schliff, he's famous for criticizing Bitcoin, praising gold and being a person that got rich via old methods, so he does not value Bitcoin.
Judging by the news, Schliff might have planned his initial statement as an attack on Bitcoin but was forced to say what happened and that it's not BTC's fault, because the media make him look bad.

The media dont make him bad. More people are angry with him because as what you have said he is against with the bitcoin and he really loves criticizing bitcoin thats why he spread a news about lost bitcoins for fame and popularity and also to discourage people in joing crypto world but his plans became unsuccessful.

Topic: Peter Schiff's Bitcoin wallet mystery is solved (Read 649 times)