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Topic: Peter Schiff's Bitcoin wallet mystery is solved - page 3. (Read 650 times)

legendary
Activity: 2898
Merit: 1823
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.


Technically you don't actually "hold", or "own" Bitcoins in your computer/device/hardware wallet/etc, you only have the access to the UTXOs. But that's me nitpicking. Hahaha.
sr. member
Activity: 1722
Merit: 261
20BET - Premium Casino & Sportsbook
Peter Schiff does not know and learn about blockchain and bitcoin technology, so naturally he does not know that every wallet has a seed phrase to recover funds in the wallet and can access it to other wallets too, I am a blockchain.com wallet user. Sometimes many people who hate bitcoin are looking for confusion someone that bitcoin is easily hacked, even though it is clear that it is a mistake and carelessness of its users not because of the bitcoin, so hopefully he knows the function of this forum for anything other than to help beginners know bitcoin well
legendary
Activity: 3472
Merit: 10611
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.
sr. member
Activity: 476
Merit: 255
Ha, how was it a costly mistake - was his Bitcoin not in the wallet once he realized how to access the wallet properly? This guy sounds like a real clown!

Just found this additional tweet...

Quote from: Peter Schiff tweet
To clarify my last tweet I was not able to recover my #Bitcoin.  Since I never actually knew my password, just the pin, and never had a copy of my seed phrase, I have no way to recover the Bitcoin. So the problem was not a corrupted wallet, but my confusing a pin for a password.

Why does he own Bitcoin if he doesn't believe in it? That's f*cking illogical. Did the Mothers Against Drunk Driving drink and drive, just for kicks on the side? Insanity, this guy!
full member
Activity: 317
Merit: 110
Well he certainly had a big challenge to surpass his stupid beany babies comments some years ago...

He succeeded admirably to double down on stoopid... Cheesy
legendary
Activity: 2898
Merit: 1823
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!

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