You could lose 70 billion forints because you forgot your password

Ten years ago, Stefan Thomas explained in a video about the new cryptocurrencies, which were still new at the time and were just looked down upon by many (the short English video can be viewed below). The programmer received 7002 bitcoins in exchange for his enthusiasm, but the virtual money was not worth much at the time. The amount has landed in a digital wallet and has been there ever since.


However, the world has changed a lot in recent years, and the almost worthless bitcoin is worth a fortune today. Although the exchange rate of the cryptocurrency changes faster and to a greater extent than that of tangible currencies, the assets of the programmer stored in the digital wallet correspond to roughly 70-75 billion forints.

However, there is a bump: the San Francisco man does not have access to the amount, as he has forgotten the password to his wallet in recent years. Thomas had already tried to enter eight times, but he had never succeeded. The reason is that the system only allows ten attempts: if Thomas makes two more mistakes, he can say goodbye to his 7002 bitcoin, they get lost somewhere in the air.

“I’m just lying in my bed and thinking about that,” he told the New York Times. “That’s why we have banks, we don’t want to deal with what the banks are doing,” he said, frustrated that he already regrets that he kept his money on his machine and now he doesn’t get it.


Source: Vezess by www.vezess.hu.

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