This guy has lost 103 Bitcoins

[Cryptoshops]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

[1714662303]

1714662303

[tam31]

Wow, he has actually 103 Bitcoin in his wallet. He must be really disappointed with losing his wallet.dat. I wish he gets it soon as possible back but that is nearly impossible.

Actually who is this guy ? Does he has a name ?
 

[passwordnow]

Way back those years bitcoin isn't valued much by that time so it's okay for him not to recover that as no one expecting that bitcoin will be on this stage. And it's like the most popular problem before of those miners that has mined a lot of bitcoin, they want to store it for real but unluckily as they look for some security to their bitcoins, they are wiping out their storage upon backing it up and unfortunately, they aren't able to make one back up for it.

[Youghoor]

Wow, he has actually 103 Bitcoin in his wallet. He must be really disappointed with losing his wallet.dat. I wish he gets it soon as possible back but that is nearly impossible.

I would kill myself if that happens to me, haha, just a joke, but no one can really be happy if he/she lost more than a one million dollars! I mean, i would not even know how i could react.

That is why the hardware wallets have ever existed, and i remember that i started mining on 2013 and i did not even stored my bitcoins on my pc, everything was on my paper wallet and i switched to hardware lately on 2015.

[Jating]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

https://cointelegraph.com/news/up-to-four-million-bitcoins-gone-forever

It says up to 4 million. So that guy who lost his 103 is another statistics. Really just sad though to see someone lost a lot of money because they either don't believed that bitcoin will skyrocketed or they are just plain stupid and not backing up everything and literally throw their money away.

Can you share more about the story though? Is this a new story or an old one because we have seen a lot of people losing their bitcoins. If will be really good if you can give us a link or something.

[Cryptoshops]

Wow, he has actually 103 Bitcoin in his wallet. He must be really disappointed with losing his wallet.dat. I wish he gets it soon as possible back but that is nearly impossible.

Actually who is this guy ? Does he has a name ?
 

He goes by the name of bubbabojangles on the ycombinator

[Cryptoshops]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

https://cointelegraph.com/news/up-to-four-million-bitcoins-gone-forever

It says up to 4 million. So that guy who lost his 103 is another statistics. Really just sad though to see someone lost a lot of money because they either don't believed that bitcoin will skyrocketed or they are just plain stupid and not backing up everything and literally throw their money away.

Can you share more about the story though? Is this a new story or an old one because we have seen a lot of people losing their bitcoins. If will be really good if you can give us a link or something.

I think there is way more Bitcoins lost than that tbh.  Its a shame there is no way for people with the wallet phasprases to still be able to get access to their old wallets . This sure is a huge problem for a lot of people


That story came from here https://news.ycombinator.com/item?id=14571124

[zelebobasezam]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file

WOW
I had nothing to say. Creepy situation 

[RudeeTam]

It really says something about the security that bitcoin has. EVen with people all around to see your money they can't get to it. ALthough in this case, even the owner. So let's be careful guys!

[Cryptoshops]

It really says something about the security that bitcoin has. EVen with people all around to see your money they can't get to it. ALthough in this case, even the owner. So let's be careful guys!

I think the problem was a lot of us messed about with Bitcoin and Litecoins, Feathercoins in the early days but dident really know what we were doing and compared to today the advice wasent very forthcomming lol

[ucok_aball]

every risk must exist and it has become the responsibility of each, I also have experienced it but want how else because also have lost to other people wallet yes we can only menyikhlaskan course and try not to make the same mistake the second time

[BitcoinSupremo]

Well as he said stupid moves from his part and that for me explains it all. I think that is the payback, you don't care much about bitcoin and do not take it too seriously back then in 2011, you don't get nothing and don't need to complain that you have lost your wallet now in 2018 that those 103 BTC are worth more than 1 mln dollar.

I am sorry for his loss but there is only one responsible here and is the person who lost his wallet.

[creeps]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file

WOW
I had nothing to say. Creepy situation 

Yep, this must be serve to us that we should really protect every details of our wallet in order for us to enjoy the result of our hard works. Bitcoin years ago are still undervalued but now its worth millions of dollar and its really sad.

[pixie85]

https://cointelegraph.com/news/up-to-four-million-bitcoins-gone-forever

It says up to 4 million. So that guy who lost his 103 is another statistics. Really just sad though to see someone lost a lot of money because they either don't believed that bitcoin will skyrocketed or they are just plain stupid and not backing up everything and literally throw their money away.

Can you share more about the story though? Is this a new story or an old one because we have seen a lot of people losing their bitcoins. If will be really good if you can give us a link or something.

This study is nothing more than a shot in the dark. They are estimating the number of lost coins based on the addresses that weren't used for a long time. This means that if you bought your coins 2 years ago and kept them on the same address you're probably treated like a person who lost access, which may or may not be true.
You simply can't assume that coins out of circulation are lost forever. There's no proof for it.

[focmere]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

These stories are indeed sad. Anyway, if Blockchain is what I think it is then this guys is not late to the game, he still has chances to catch up. Maybe not a multi millionaire, but he can make good moneys off of Bitcoin.

[SaShiRaJaVu]

A lot of users are in that situation,where they either forgot the password or the wallet seed or simply do not know where you have taken the back up of the wallet and in my opinion around a million bitcoin are lost forever and the majority of the coins are from the beginnning as it was easy to mine the coins.It is not possible to get those coins and no one can help you in recovering those.

[Valentina N]

Hello! It's not good situation but the "consolation prize" is that he buy it with low price in 2011! Such situation could be a catastrophe for him if he lost it when price was 20.000$ in 2017. No need be upset. What a pity that if person lost key that means than he lost all!  Interesting how can be slowed problem with "ghost wallet"?

[zoom_rich]

So how did he lose it? Does he still have the hard drive? If so I would suggest not using it, and scanning it with software that restores deleted files.

[Cryptoshops]

A lot of users are in that situation,where they either forgot the password or the wallet seed or simply do not know where you have taken the back up of the wallet and in my opinion around a million bitcoin are lost forever and the majority of the coins are from the beginnning as it was easy to mine the coins.It is not possible to get those coins and no one can help you in recovering those.

Yep think there are quite a few of us who have lost Bitcoins and Litecoins from the early days lol.  There was one guy over here who even went as far as searching the rubbish dumb for a hardrive which he threw out. If he could have found it he would have also been a millionare today.

[Gandalphlegrand]

I hope you will eventually recover your bitcoins, don't give up dude, that's why we all must be very carefull to were we store our wallet dat