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tabas
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January 02, 2018, 08:17:57 PM |
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Last transaction was made on 2016-01-21 and I guess the other sent fractions are just tested for burning. Do you know on who's this person or where did you got this address? That's a lot of bitcoins computing 9,000 BTC * $13,460 = it's a shining $121,140,000.
https://bitcointalk.org/index.php?topic=782.5This is the story. It sounds like it was a very easy mistake to make back in the day. These days we're spoilt for choice in terms of wallets and the protection they offer. Any one of us might have made the same balls up. Thanks for that share gentlemand and that's what I've noticed before people having the same mistake. I agree that if I'm on those days for sure that I'll commit the same mistake anyway there's no way to recover it, feeling sorry for stone man on this day. But this guy didn't even get any pizza in return. [....] I wonder if he kept that 1 BTC.
Sadly no pizza for him.  and I hope so he did kept it. |
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dzkazmi
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January 02, 2018, 08:24:51 PM |
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WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.
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Radientgurkin
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January 02, 2018, 08:28:06 PM |
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WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.
Any time you ever see a man run out on the street and bang his own head with a frying pan you may wonder that may be the guy. |
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gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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January 02, 2018, 08:31:26 PM |
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WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.
Well, he never came back to Bitcointalk after that. If he knows what's good for him he underwent hypnosis to cast the entire thing out of his mind. That would gnaw at me until I burst in a puff of acid and ate through the floor a la Alien. |
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Virtual miner
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January 02, 2018, 08:39:09 PM |
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I dont think this guy might be alive. Losing such a big amount just because you forgot those 12 words is really something you can take your life for.  Does he even know that he is a billionare today but to his misfortune can't access his funds. Its seriously the biggest loss of all time. |
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EcoChavCrypto
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January 02, 2018, 08:42:02 PM |
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That's a lot of bitcoins computing 9,000 BTC * $13,460 = it's a shining $121,140,000.
Just imagine and think for a second what would be of you if you have that amount of money on your wallet right now. How your life would be? Oh my god, i can not even imagine that. But of course that no one knows who was the real guy who lost that incredible amount of money, and we all are feeling very sorry for him. I would not even be able to survive to it, losing 120 million dollars is something HUGE. |
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darkangel11
Legendary
Offline
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
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January 02, 2018, 08:52:55 PM |
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I got really upset when I lost .9ETH (which may soon be worth over $1,000) testing out a new wallet. I sent that as a trial run before sending like 21 ETH over.. that would've sucked even more. I can't imagine how this guy must feel now!
Well, back then 9000 BTC cost about 900 dollars so hopefully he went straight back out and bought some more. Even then at that point in time that would've seemed like a bonkers thing to do. So basically anyone at that time could really damage the supply. Think about it. You have a rich kid that buys himself some expensive toys now and then. He gets interested in BTC somewhere along the way and decides to buy a million, then he loses all by mistake. I'm glad people weren't so careless with their coins back then. |
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olubams
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January 02, 2018, 08:58:48 PM |
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I don't understand how much time you have gotten that the only thing you could invest your time into are wallets that contains huge amount of bitcoin which unfortunately you can neither spend have access to just a form of wish that cannot come into fulfillment. I wonder what you would do if you have access to Satoshi's wallet that have been widely circulated to have about 1million bitcoins. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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January 02, 2018, 09:01:14 PM |
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So basically anyone at that time could really damage the supply. Think about it. You have a rich kid that buys himself some expensive toys now and then. He gets interested in BTC somewhere along the way and decides to buy a million, then he loses all by mistake. I'm glad people weren't so careless with their coins back then.
Hmm. I think they probably were. I wouldn't be surprised at some of these silly sounding estimates of lost coins being in the several million. Don't forget that production was its highest at 50 coins per block when it was completely worthless for over a year and any old donkey could mine back then. I'm sure Satoshi retained his. Dunno about the rest. And that's even before we think of carelessly treated coins that were bought. They were still only 10 dollars a piece into 2013. |
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batang_bitcoin
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January 02, 2018, 09:06:25 PM |
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I dont think this guy might be alive. Losing such a big amount just because you forgot those 12 words is really something you can take your life for. Does he even know that he is a billionare today but to his misfortune can't access his funds. Its seriously the biggest loss of all time. Do you mean the owner or those 9k bitcoins? It's totally lost forever and during those times bitcoin isn't popular and isn't worth that much so it's not a loss for him before but taking a look back at the past will definitely going to hurt his feeling or even us who don't have that amount of bitcoins. He didn't forgot those 12 word recovery phrase/words, he totally wiped out his data. |
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StevenS
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January 02, 2018, 09:21:20 PM |
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I don't understand what happened there? If he sent 1 BTC to himself, then the other 8999 should be sent to a change address for which he controls the private key. That is how the deterministic wallets work today. It is not necessary to re-backup a wallet after every transaction, right?
If that is not what happened, how did the wallets back then work? Would they generate a new change address at the time of sending? In which case there was no record of the private key?
This happened before deterministic wallets, which are relatively new. At the time, the wallet would create a new, random "change" address when the transaction was created. This new address would exist only in the wallet, which would then need to be backed up. At the time, a wallet was a collection of random addresses that would have to be backed up every time a new address was created. Now, HD wallets are pseudo-random addresses that can be recreated with one master key that doesn't change. |
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bitart
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January 02, 2018, 10:15:35 PM |
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I don't understand what happened there? If he sent 1 BTC to himself, then the other 8999 should be sent to a change address for which he controls the private key. That is how the deterministic wallets work today. It is not necessary to re-backup a wallet after every transaction, right?
If that is not what happened, how did the wallets back then work? Would they generate a new change address at the time of sending? In which case there was no record of the private key?
This happened before deterministic wallets, which are relatively new. At the time, the wallet would create a new, random "change" address when the transaction was created. This new address would exist only in the wallet, which would then need to be backed up. At the time, a wallet was a collection of random addresses that would have to be backed up every time a new address was created. Now, HD wallets are pseudo-random addresses that can be recreated with one master key that doesn't change. This means if you use an HD wallet, you can eliminate the risky effect of the change address generation, because your change addresses are already generated and stored in the HD wallet itself? So if you don't spend the whole amount of the unspent output, the change will remain in your own wallet, just on the next address, and you won't need to remember the private keys, because your seed will regenerate your HD wallet anytime you need and you will have the control all of the addresses. Does this also mean that if you use a paper wallet, you need to import the private key into an HD wallet, not to lose bitcoins because of random generated change addresses? |
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StevenS
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January 03, 2018, 08:06:20 PM |
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This means if you use an HD wallet, you can eliminate the risky effect of the change address generation, because your change addresses are already generated and stored in the HD wallet itself? So if you don't spend the whole amount of the unspent output, the change will remain in your own wallet, just on the next address, and you won't need to remember the private keys, because your seed will regenerate your HD wallet anytime you need and you will have the control all of the addresses.
Yes, that is all correct. That is why HD wallets became very popular quickly after they were introduced. Does this also mean that if you use a paper wallet, you need to import the private key into an HD wallet, not to lose bitcoins because of random generated change addresses?
That depends on the wallet. For example, Electrum 2.0 and later has a "sweep" function, which sends all bitcoins (less the transaction fee) in a private key (that you copy from a paper wallet) to the next address generated from the seed key. Mycelium can import a private key (scanned from a paper wallet) into an "unrelated account", that is separate from its "Bitcoin HD" account. I don't (yet) know where the change goes when you spend from a unrelated account. All the recommendations I have seen say to always send the entire amount when sending from a paper wallet, to avoid issues with the change address. |
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Renampun
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January 03, 2018, 08:15:05 PM |
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omg 8,999 BTC lost, the number is very much, I do not know what to do if I lose Bitcoin this much, it is a lesson to continue to be careful in doing anything... |
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novikov433
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January 03, 2018, 08:22:14 PM |
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So really you need to use leger nano s! For me it will also be a lesson in life! You can not trust yourself, It's better to do everything quality 1 time than to lose everything later... There are hackers, or you yourself will go wrong. 3 is not.
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ulhaq
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January 04, 2018, 06:13:07 AM |
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The nondeterministic wallets at that time were completely random as well? Therefore no possibility to guess/brute force it?
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kurosenpai87
Newbie
Offline
Activity: 2
Merit: 0
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January 05, 2018, 07:04:56 AM |
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I just want to have a right amount so that I could purchase my own house, a car, trip abroad, pay bills, retirement funds, insurance, educational plan, passive investment like real estate, give something to the church, my parents and siblings perhaps.
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hardminer
Member
Offline
Activity: 68
Merit: 10
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January 05, 2018, 07:08:52 AM |
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WOW 9000 bitcoin loss. I wonder what are the feelings of that person now.
He stay at comp all time and try to remember password or recovery words |
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muratsink
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January 05, 2018, 07:19:17 AM |
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it's really amazing to have up to 9000 bitcoin, I dare not dream of having up to 9000 bitcoin. I would have trouble sleeping because it has so much treasure.
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geobray
Newbie
Offline
Activity: 6
Merit: 0
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January 05, 2018, 07:30:51 AM |
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I dont think this guy might be alive. Losing such a big amount just because you forgot those 12 words is really something you can take your life for. Does he even know that he is a billionare today but to his misfortune can't access his funds. Its seriously the biggest loss of all time. It is way back 2010, he didn't know that the price of bitcoin will go up to 15k usd right now. But If he is already know. He probably banging his head into the wall. hehe |
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