[2019-02-13]Lost Bitcoin: 5 Majorly Ridiculous Stories

[Vladdirescu87]

The probability of discovery of lost bitcoin Keys trends towards zero. Legends, parables and myths twist around the positions of the millions of Bitcoin (BTC) lost so far. Unmatched, however, is the Bitcoin prosperity of BTC developer Satoshi Nakamoto, seemingly ruined forever and a day. A quite short about the interests of cryptography. Satoshi has certainly taken security extremely seriously.

Cryptocurrency is going well, but the problem comes when a user loses a private key because of his/her carelessness or negligence. However, it’s that simple and easy. The SHA-256 (Secure Hash Algorithm) hash function is an important tool for security in the BTC system.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/lost-bitcoin-stories/

[cr1776]

The probability of discovery of lost bitcoin Keys trends towards zero. Legends, parables and myths twist around the positions of the millions of Bitcoin (BTC) lost so far. Unmatched, however, is the Bitcoin prosperity of BTC developer Satoshi Nakamoto, seemingly ruined forever and a day. A quite short about the interests of cryptography. Satoshi has certainly taken security extremely seriously.

Cryptocurrency is going well, but the problem comes when a user loses a private key because of his/her carelessness or negligence. However, it’s that simple and easy. The SHA-256 (Secure Hash Algorithm) hash function is an important tool for security in the BTC system.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/lost-bitcoin-stories/

Is this even really English or some type of automated translator?  Coinidol gets worst every time I look at a summary from them.

[Slow death]

Are these stories real or did people invented to appear on news channels?

1. User Confuses Network Fees with Transaction Amount

 

This guy needs glasses.

2. Wired Voluntarily Destroys 13 Bitcoin

Why did they destroy something so valuable?

3. Elon Musk also Doesn’t Know Where his Bitcoins Are

how is this possible?

4. Satoshi’s Assets

no comments

5. James Howell’s Kafkaesque Fight Against Garbage

"  he dumped a hard drive with more than 7,500 mined Bitcoin "

 

that's true?

7.500 BTC = $26.982.525

[BitHodler]

that's true?

7.500 BTC = $26.982.525

It's an old example they keep rehashing, but it is true yes. At least, if the dude isn't lying in order to make it appear that he isn't wealthy anymore on paper, all to avoid taxation. With such an amount taxation will cost him millions....

I do wonder though, is there an actual address we can look into to see if the coins are there for real? And are the coins in one address? I can't find any address with 7500BTC, or an amount close to that without recent activity.

[gentlemand]

that's true?

All true.

I think the most pathetic one of all is Bitomat who accidentally deleted the private keys to 17,000 BTC.

https://siliconangle.com/2011/08/01/third-largest-bitcoin-exchange-bitomat-lost-their-wallet-over-17000-bitcoins-missing/

Even back then it was a decent amount of money. If I remember rightly Gox absorbed them and ate the loss, or rather deferred it.