I don't own BTC but I have a small bet on altcoins with a mixed basket. All in paper wallet. Generated and printed offline. 5 copy for each wallet saved at home, work and abroad. Cache and memory cleaned before going online to fill them up with cryptos. Like taking any risk... You need to make sure you are not "fooled by randomness". This safe back up was relatively costless.
This is a horrible story. 220 million locked with two guesses left? Talk about psychological torture. Might drive me to insanity, if not suicide.
Indeed. It's all fun and games until in a fit of paranoia you change all your passwords to "&U^@#RV O6yBF5680WQ#&I2G%6$!œ", write it down, and lose the post-it note.
The iron key IS a drive. Kinda stupid to invest in a device that self-destructs after 10 failed password attempts. Military-grade encryption? Da fuq was the guy thinking?
Only with unlimited tries!!! He's got 2 so no different to any normal code, but with the 200mil cost of building a quantum PC to do this specific job, slightly faster.
If you you were able to trade bitcoin circa 2009 in 2021 using trading apps where you didnt need an actual wallet to store it many would still be bitcoin millionaires .....
Oh and these news stories always pop up when bitcoin is in a raging bull market and it seems when these stories do come about its usually the signal of another hyped up bull market coming to an abrupt halt.
write the password on your forehead with a sharpie... or tattoo it. Every time you stare at yourself at the mirror you will know what it is. The people outside will not have any clue what those letters and numbers mean...