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Mr Thomas, who was born in Germany but lives in San Francisco, was given 7,002 bitcoins as payment for making a video explaining how cryptocurrency works more than a decade ago.
At the time, they were worth a few dollars each.
He stored them in an IronKey digital wallet on a hard drive.
And he wrote the password on a piece of paper he has lost.
originally posted by: lakenheath24
On a side note, WHY didnt I buy a couple back in the day! DAMMIT. I coulda been rich!
originally posted by: Edumakated
Sounds like something my dumbass would do.... put a few grand in an account and forget the password.
Seems like their would be a better way to access the coins but I guess the security is needed. I am still not convinced about crypto regardless of the insane valuations.