Money won’t make him happy.
People lose money to banks (Greece? Canada? Russia?), people lose crypto on exchanges (Mt Gox?), people lose money to bad monetry policy (monetary base expansion), people lose their wallets of cash all the time.
Use N of M multi sig wallets with multiple keys and use an encrypted key manager. Crypto made it even easier with seed phrases and hierarchical deterministic key generation.
You can also store it on paper wallets.
UX for crypto is getting easier.
It is unavoidable, but mitigatable. At least you will only have yourself to blame, nobody else. That’s important, people are too used to depending upon and blaming others. Bitcoin was created to break out of that dependency and broken trust.
It should also be noted that a lot has changes since this guy had a wallet. It used to be the case that you just had a wallet.dat file, maybe saved with a password on your disk. Then you needed to backup that somehow, and people are really bad at that.
Today you have hierarchical deterministic wallets, where you have a seed phrase of 12 or 24 words with which you can completely restore the wallet. It’s super easy to backup this on a piece of paper or edge it into metal. And every wallet software will ask you to do this if you generate the wallet.
And now that we have Taproot we can create arbitrary complex spending conditions and add backup keys that can only be used after a certain time etc. without making the spending more expensive.
The BTC price has been remarkably stable since the beginning of the year which will make investors more confident.
Yeah it’s a stablecoin now. But there is so much outflow from exchanges that there is the real possibility of a supply shock soon.
CBDC will likely have built in capital controls #notyourmoney and it’s their liability
Bonkers. He will get nothing. Time to get on with life and stop caring about some trash that nobody knows where is or even if it have any kind of data on it still. If it would be me, I would make sure to punch holes in failed hard drives.
That’s not enough. Harddisks are notoriously hard to destroy in a way to make sure no one with enough time and motivation can actually recover data from it. Best thing you can do is to always encrypt the whole disk so in case it fails you don’t have that problem
Not if you get Chuck Norris or Mike Tyson to do it.
Well the question is, can Chuck Norris destroy a disk in a way that makes it impossible for even Chuck Norris to recover the data. It’s a deep theological problem
You just need enough holes in it.
Indeed, once the physical storage medium is badly damaged data is impossible to recover
Well, apparently if he’s robin hood, Bitcoin owners are the evil rich?
Oh dear! It’s all a scam!
Shoooosh…
Else they will not get their lambos.
That, or they have issues explaining their business. Or a little of both.
Oh no, it’s really all a scam or just super dumb. It has all nothing to do with Bitcoin though.
True. This thread isn’t about the scam known as ‘NFT’ it’s just about Bitcoin and how volitile it can be in its value.
Thank you to all who posted constructively.