Is He the biggest unfortunate losser in the known history of Crypto????
1. Stefan Thomas, early adopter of #Bitcoin was awarded with 7002 Bitcoins ( Worth hundrads of millions today) in 2011 for an animated video regarding crypto currency.
2. As the time passed, he came to see his Bitcoins stored in an Iron key, USB hard drive; he had forgotten the password.
3. The iron key provides with only 10 guesses before it encrypts contents permanently.And he is left with only 2 guesses today.
a. We all proud ourselves on the decentrality and independence of crypto. No doubt, it is indeed one of the greatest attribute of cryptocurrency but it is double edged sword as well.
b. We need to understand the value of protecting and conserving the passkeys, so we don't have to come across such devastating situations.
