Bitcoin password lost : Everyone knows Bitcoin’s price already recorded historic growth by 92% in a month and 340% in a year. But when you forgot password this time then what can be done. One investor or a programmer by profession is unfortunately has forgot his password and unable to access his coin.
Stefan Thomas, a San Francisco-based German-born programmer, needs a password to let him open a tiny hard drive called IronKey.
Tiny hard drive called IronKey – Bitcoin password lost
This tiny hard drive called IronKey gives users only 10 guesses to unlock before it seizes up and also forever encrypts the content. If people can remember their password then it’s very risky on this case. This programmer ‘Thomas’ already lost his password years ago and the piece of paper it was written on.
The thing got more difficult when he has been trying to guess his password eight times but failed and now only two guesses left before his fortune is forever lost.
New York Times quotes him as saying, “I would just lay in bed and think about it. Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
When he was in Switzerland in 2011, he was given almost 7,002 Bitcons, which has been given gifted by an early Bitcoin supporter when after he made an informative animated video fo cryptocurrency
The Times reports that while some Bitcoin investors become wealthy, others have had difficulty accessing their investments because they have forgotten their passwords. The study said about 20% of current bitcoins ‘appear to be in lost or otherwise stranded wallets’.
Thomas now is waiting the person who can crack this complicated password and he has kept the IronKey in a facility for now.
It’s very difficult to emerge back. Losing Rs 1,608 crore to memory cannot be a great realisation to live with.
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