Everyone’s forgotten a password, but what if it kept you from your money?
A programmer in San Francisco has just two guesses left to figure out the password on his digital wallet that contains more than seven-thousand Bitcoins that are worth upwards of 220-million dollars.
Amazingly, the guy’s dilemma is part of an estimated 140-billion-dollars worth of tokens that are either lost or inaccessible. The cryptocurrency is going through a boom and is up to a record high of 41-thousand-946-dollars.
Bitcoin blog Chainalysis estimates that nearly 20 percent of Bitcoins are permanently lost, as the decentralized nature of the cryptocurrency is part of the appeal. Users are given private keys that are required for moving or spending purposes, but no record of passwords are kept.
Source: New York Times