This is the sad side of "being your own bank". You are the sole respon ...

avatar

This is the sad side of "being your own bank". You are the sole responsible for the security of your assets.

Daily Mail: Man has 2 password guesses left before access to $220m Bitcoin LOCKS.
https://www.dailymail.co.uk/news/article-9139527/Computer-programmer-2-password-guesses-

Posted via D.Buzz



0
0
0.000
5 comments
avatar

Interesting article, thanks for sharing. But:

According to the New York Times, 18.5 million Bitcoin, which could currently be worth about $140 billion, are currently being held in lost or stranded wallets.

This must be a mistake, they can not mean 18.500.000 Bitcoin :D

Posted Using LeoFinance Beta

0
0
0.000
avatar

I believe it's a high number so it could be 1.85M Bitcoin instead but yeah... 18.5M is almost %90 of the total supply of BTC.

Posted via D.Buzz

0
0
0.000
avatar

Yes, I guess it should be something like this ;) The devil in the detail.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I noticed that ages ago, I totally understand why people use services like Coinbase even though it's centralized. Being your own banks requires a lot of dedication and carefulness.

Posted via D.Buzz

0
0
0.000
avatar

I agree. I think that it is not everybody that is prepared to be its own bank.

0
0
0.000