A decade ago, Thomas was given 7,002 bitcoins for making an explainer video about how cryptocurrency works. (representational image)(Unsplash)
A decade ago, Thomas was given 7,002 bitcoins for making an explainer video about how cryptocurrency works. (representational image)(Unsplash)

$220 million worth of bitcoin locked away as man forgets password

Stefan Thomas says he has made peace with this state of events.
By Sanya Budhiraja
PUBLISHED ON JAN 19, 2021 08:46 AM IST

We all know how tiresome it can be to remember passwords for all the various devices and accounts one uses on a daily basis. What may be even more annoying is when one has to change their password because they've forgotten their older one. All the verification steps can make the whole ordeal rather cumbersome. But can you imagine losing a fortune of millions because you forgot your password? If that thought left you with a sour taste in your mouth, then wait until you hear the story of Stefan Thomas, a German-born programmer who lives in San Francisco. Thomas forgot the password to his almost $220 million worth bitcoin fortune. Yet, he has turned that experience into a meaningful life lesson. His story may leave you fascinated.

A decade ago, Thomas was given 7,002 bitcoins for making an explainer video about how cryptocurrency works, reports BBC. Back then, their value was merely a few dollars each. However, now the 7,002 bitcoins are worth $220 million. But as luck would have it, the password that would have give Thomas the access to an IronKey, a small hard drive that holds the private keys to a digital wallet with the said bitcoins, is lost.

Thomas had written the password on a piece of paper which is misplaced. He has ten attempts to guess the password, out of which he has already used eight, reports UPI.com. After two more failed attempts, the password will encrypt itself, making the wallet impossible to access.

Through this unfortunate circumstance, Thomas seems to be taking away a positive lesson. "It was actually a really big milestone in my life where, like, I sort of realized how I was going to define my self-worth going forward. It wasn't going to be about how much money I have in my bank account," he said, reports UPI.com.

What are your thoughts on this?

SHARE THIS ARTICLE ON
Topics
Close
A screenshot from the video showing the lion cub's rescue. (Twitter/@rameshpandeyifs)
A screenshot from the video showing the lion cub's rescue. (Twitter/@rameshpandeyifs)

Forest staff put their lives at risk to free lion cub trapped in net. Watch

By Srimoyee Chowdhury
PUBLISHED ON MAR 06, 2021 01:58 PM IST
The video has been shared by IFS officer Ramesh Pandey.
Close
An image posted by Smriti Irani on Instagram. (Instagram/smritiiraniofficial)
An image posted by Smriti Irani on Instagram. (Instagram/smritiiraniofficial)

Smriti Irani’s message on safety through post with selfies wins Instagram

By Amrita Kohli
PUBLISHED ON MAR 06, 2021 12:35 PM IST
Smriti Irani’s message about wearing a mask and seat belt.
Close
Jamie Lever, Johny Lever and Jesse Lever dancing together. (Instagram/@its_jamielever)
Jamie Lever, Johny Lever and Jesse Lever dancing together. (Instagram/@its_jamielever)

Johny Lever grooves with kids Jamie and Jesse. Netizens love their video

By Srimoyee Chowdhury
PUBLISHED ON MAR 06, 2021 11:31 AM IST
The expressions of the family throughout the dance routine make the video quite entertaining.
Close
Gurdeep Pandher dances on a frozen lake. (Twitter/@GurdeepPandher )
Gurdeep Pandher dances on a frozen lake. (Twitter/@GurdeepPandher )

Man celebrates getting Covid vaccine by doing bhangra on frozen lake in Canada

By Srimoyee Chowdhury
PUBLISHED ON MAR 06, 2021 10:35 AM IST
Gurdeep Pandher’s celebratory bhangra dance routine is bound to make you want to get up and shake a leg too.
Close
The image shows Cam James attempting the trick shot.(Reddit/oddlysatisfying)
The image shows Cam James attempting the trick shot.(Reddit/oddlysatisfying)

Man makes unexpected trick-shot, netizens can’t have enough of his reaction

By Srimoyee Chowdhury
PUBLISHED ON MAR 05, 2021 09:18 PM IST
The perfectly synchronised shot by Cam James is a treat to watch.
Close
The clip has collected over 65,000 upvotes on Reddit. (Reddit)
The clip has collected over 65,000 upvotes on Reddit. (Reddit)

Cat tells hooman exactly how to comfort it, video has people gushing

PUBLISHED ON MAR 05, 2021 09:12 PM IST
The video is collecting several reactions and may make you smile as well.
Close
“Field Notes from a Freshwater Biologist: Avoiding Turtle Disaster!” says the post. (Facebook/FWC Fish and Wildlife Research Institute)
“Field Notes from a Freshwater Biologist: Avoiding Turtle Disaster!” says the post. (Facebook/FWC Fish and Wildlife Research Institute)

Biologist finds something unexpected inside stomach of fish - a live turtle

PUBLISHED ON MAR 05, 2021 08:23 PM IST
A post on Facebook about the find is collecting quite a few reactions.
Close
The image shows the men making ropes out of a saree,(Twitter/@advaita_kala)
The image shows the men making ropes out of a saree,(Twitter/@advaita_kala)

Video shows old saree being turned into rope. ‘Amazing,’ say netizens

By Srimoyee Chowdhury
PUBLISHED ON MAR 05, 2021 05:42 PM IST
People lauded the creative use of an old saree and expressed their appreciation for the concept.
Close
The image shows a ship.(Facebook/@Colin McCallum)
The image shows a ship.(Facebook/@Colin McCallum)

Is that ship ‘floating’ in the sky? Viral picture leaves netizens bamboozled

By Srimoyee Chowdhury
PUBLISHED ON MAR 05, 2021 03:40 PM IST
The picture shows a ship but what makes the photo puzzling is how the ship appears to look like it is floating in the air.
Close
The image shows Farooq Abdullah dancing with Captain Amarinder Singh.(Twitter/@NasirKhuehami)
The image shows Farooq Abdullah dancing with Captain Amarinder Singh.(Twitter/@NasirKhuehami)

Farooq Abdullah shakes a leg with Capt Amarinder Singh at wedding

By Srimoyee Chowdhury
PUBLISHED ON MAR 05, 2021 01:49 PM IST
The clip starts with Abdullah dancing to the song Aaj Kal Tere Mere Pyar Ke Charche from the Shammi Kapoor-starrer Brahmachari.
Close
Officials say four orangutans and five bonobos received COVID-19 injections in January and February.(via REUTERS)
Officials say four orangutans and five bonobos received COVID-19 injections in January and February.(via REUTERS)

Nine great apes receive Covid shots in San Diego zoo

AP
PUBLISHED ON MAR 05, 2021 11:18 AM IST
The vaccinations followed a January outbreak of COVID-19 at the zoo’s Safari Park.
Close
The image shows an elephant named Ngilai and a buffalo named Ivia.(Instagram/@sheldrick wildlife trust)
The image shows an elephant named Ngilai and a buffalo named Ivia.(Instagram/@sheldrick wildlife trust)

Friendship blossoms between an elephant and a buffalo. Watch their video

By Amrita Kohli
PUBLISHED ON MAR 05, 2021 10:29 AM IST
In a post shared on Instagram, Sheldrick Wildlife Trust posted a wonderful video that captures the special bond between these two animals.
Close
Kunal Kemmu's singing will impress you too. (Instagram/Kunal Kemmu)
Kunal Kemmu's singing will impress you too. (Instagram/Kunal Kemmu)

Kunal Kemmu getting impressed by his own singing is all of us who love to sing

By Amrita Kohli
PUBLISHED ON MAR 04, 2021 08:39 PM IST
Kunal Kemmu's post is so relatable.
Close
Rescuers helping Missy get out of the pond. (Facebook/Allegan County Sheriff's Office)
Rescuers helping Missy get out of the pond. (Facebook/Allegan County Sheriff's Office)

Horse named Missy gets stuck in frozen pond. Here’s how she was rescued

PUBLISHED ON MAR 04, 2021 07:54 PM IST
It wasn’t clear how long the horse had been stuck in that situation.
Close
A Thai navy officer swims with a rescued cat on his back. (REUTERS)
A Thai navy officer swims with a rescued cat on his back. (REUTERS)

Purrfect rescue: Thai navy rescues four cats from sinking ship. See pics

Reuters, Bangkok
PUBLISHED ON MAR 04, 2021 05:39 PM IST
A sailor in a life vest swam out to the capsized boat, on which four ginger cats were huddled together on a wooden beam.
Close
SHARE
Story Saved
OPEN APP