As the value of cryptocurrency continues to skyrocket00% Natural Friend’s Older Sister (2025) so, too, does the number of crazy things people will do to protect or retrieve their sweet, sweet digital nest egg.
SEE ALSO: The top 10 tech stories of 2017Most notable are the Winklevoss Twins, that hard-luck pair of entrepreneurs who famously wound up on the outside of Facebook. They've gained a redemption story, though, with their new-found bitcoin fortune.
Via GiphyWay back in 2012, the twins used some of the money from their settlement with Facebook to invest in bitcoin when it was around $9 per bitcoin. Fast forward to today and they are billionaires as they -- and everyone else -- wait for that bubble to burst.
But of course their narrative comes with a strange twist. In a New York Timesprofile published on Tuesday, it was detailed how far the Winklevi have gone in their pursuit to protect that swelling crypto-fortune.
According to the story, the twins have taken the private keys necessary to access each bitcoin, cut them into pieces, and stashed the pieces in safe deposit boxes at banks all over the country, making it virtually impossible for thieves to ever get a complete private key that would enable them to access the fortune.
Given all the recent hacks and thievery, safety is paramount if you want to protect that fortune. But this takes things to a new level of elaborative protection.
And this method is sane compared to other things people have done in connection with crypto-currency.
The Wall Street Journalhas a story about the crazy lengths people will go to access those keys so that they can, in turn, access their bitcoin. As the Journalnotes, there's no "forgot password" link in this case; forget the key, say goodbye to the bitcoin.
One person the Journaltalked to keeps his keys and recovery words in a pair of steel boxes, one of which is stored "several states away" for security purposes. In another instance, one man is currently digging through a landfill to find an old hard drive with his keys on it so he can access his stash worth tens of millions.
This kind of tale is becoming so familiar, it's broken in to the pop culture stream via The Big Bang Theory.
And then there's this story of Philip Neumeier whose bitcoin stash is worth close to $300,000 but, alas, he doesn't remember the password so he's built his own supercomputer to figure it out for him.
The five foot-tall computer system is working so hard that it sits in a 270 gallon tank in special mineral water to disperse the heat it generates. Still, Mr. Neumeier figures it could take a couple hundred years to run through all the possible combinations of letters, numbers and symbols.
“I should probably be about 332 years old by then—hopefully bitcoin will be worth something,” he says.
It's no wonder that one hypnotist the Journaltalked to is offering his services to those who find themselves in need of help remembering their keys or where they placed them. Of course, his fee is a bitcoin.
But what can you expect from a currency developed by a completely anonymous person (people? robots? aliens?), Satoshi Nakamoto, who could become the world's first-ever trillionaire?
Still, there's a lot of money to be made, for the time being, as long as you can remember where you put those passwords.
Topics Bitcoin Cybersecurity Cryptocurrency
At the Museum of Anatolian CivilizationsMark Twain's GetThe Inventions of WitchesBest Apple Watch deal: Get the Apple Watch SE (2nd Gen) for under $180Dominique Nabokov Photographs Artists’ Living RoomsBinance CEO Changpeng Zhao pleads guilty to money laundering violation, steps downBinance CEO Changpeng Zhao pleads guilty to money laundering violation, steps downAn Interview with Kerri PierceThe best Black Friday Sonos speaker deals: save up to 25% on the Era 100, Move, Roam, and moreThe Being of the SentenceThe Surprising History (and Future) of PaperweightsBest deals of the day Feb. 15: Dyson V7 Advanced, 2021 iPad, Arlo home security bundle, and moreWhat Do We Do with the Art of Monstrous Men?Best Black Friday Kindle deal: $105 off Kindle ScribeHow productivity influencer Thomas Frank uses Notion to make moneyHow to use Instagram's Valentine's Day emoji Quick Reactions and DM animationsThe Uncertain Future of the American MallMSCHF's Big Red Boots are everywhere. We've got questions.The Uncertain Future of the American Mall'Bob's Burgers' Thanksgiving episodes, ranked Golden State Warriors vs. Houston Rockets 2025 livestream: Watch NBA online Pornhub's top pre Best smartphone deal: Save $150 on the Samsung Galaxy S24 FE at Amazon Elon Musk's DOGE.gov website can apparently be edited by anyone NYT Connections hints and answers for February 15: Tips to solve 'Connections' #615. iOS 18.4 beta: 5 cool iPhone features that may be coming soon Meta is planning a push into AI 'The White Lotus' Season 3: Why is Tanya's husband Greg at the hotel? YouTube TV drops all Paramount channels amid contract negotiations NYT mini crossword answers for February 13, 2025 Meta’s rightward shift isn’t stopping leftist meme culture NYT mini crossword answers for February 14, 2025 Is this the iPhone 17 Pro's design? The internet thinks Drake's new album is a total flop Score the Bose QuietComfort headphones for just $249 Tax deductions for small business owners They met on Tumblr, and their relationship outlasted their accounts Best Amazon deals of the day: Apple Pencil Pro, Google Pixel Buds A Best controller deal: Get the 8BitDo Pro 2 Controller for under $40 at Amazon Best Nintendo Switch game deal: Get 'Super Mario RPG' for $29.99 at Woot
1.2471s , 10137.3203125 kb
Copyright © 2025 Powered by 【100% Natural Friend’s Older Sister (2025)】,Steady Information Network