Bitcoiner loses almost $100K of BTC in wallet transfer bungle
The Redditor attempted to transfer a wallet to a new computer without confirming the password to the private keys was accessible. A Redditor has issued a warning to “overconfident” HODLers after losing the password to their crypto wallet by not acting cautiously enough.A Bitcoiner with the username Onnar posted they had lost access to 2.6 Bitcoin (BTC) — roughly $96,400 at the time of publication — while attempting to transfer a wallet to a new computer purchased over the holidays. The user claimed to have formatted the drive of their old system without double checking whether the password....
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A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage. Password Manager Didn’t Store Passphrases Needed to Access His Private Keys According to the testimony published on Reddit, the crypto user known as “Onnar” claimed to have lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays. He wiped the hard disk of....
A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 million at the current price. He has lost the piece of paper on which he wrote his password and now has two guesses left before his device seizes up and encrypts its contents forever. 7,002 Bitcoins Worth $240 Million at Stake Stefan Thomas, a German-born programmer living in San Francisco, has been unable to access his 7,002 bitcoins, which is worth almost $240 million at the current price, the New York Times reported Tuesday. He stored the private key for his bitcoins on a small, encrypted hard....
Being a Bitcoiner is as simple as owning any amount of BTC. But as you go further down the rabbit hole, you’ll be eager to get your hands on everything that can help you Bitcoin better. The post The Top 5 Products That Every Bitcoiner Needs appeared first on Bitcoin Magazine.
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The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
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Aristotle would likely have been a Bitcoiner because he recognized the benefits of private property and wealth development through natural trade.