07/08/21
By now, everybody has heard about Stefan Thomas, the guy who only gets two more guesses at his password to recover his wallet containing over $200 Million in bitcoin.
Here’s the money quote from the New York Times: ‘The problem is that Mr. Thomas years ago lost the paper where he wrote down the password for his IronKey, which gives users 10 guesses before it seizes up and encrypts its contents forever. He has since tried eight of his most commonly used password formulations — to no avail.’
“I would just lay in bed and think about it,” Mr. Thomas said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
It’s excruciating just thinking about it.
Regret can be more painful than loss itself.
The total value of all Bitcoin that has been mined stands around $750 Billion as of today. So, going by the 20% estimate mentioned in the Times article, $150 Billion in Bitcoin has been lost.
That’s a big number that could grow considerably as the value of the digital asset continues to increase over time and as additional Bitcoin are mined.
Stefan Thomas says he long ago “made peace” with the reality he may never gain access to his approx $200 million Bitcoin fortune.
At times, it is best to make peace, rather than lose sleep over it.
Make peace with yourself and your reality this weekend and stay blessed forever.