Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

The New York Times ^ | 12 Jan 2021 | Nathaniel Popper

[StAnDeliver]

"Eventually Bitcoin will have to be banned and every Law Abiding person will have to give it up. Just like banning guns, however, the dope dealers will keep theirs."

Plausible. First, the whole of the exchange -- the entire Dutch Tulip -- will be collapsed by a "Mt. Gox" cubed; when China decides to issue its own virtual YuanYuan, they will first intentionally destroy the existing cryptocurrency market, like they've done with every. single. other. market. entry. since they crawled out of the mud.

I mean, it's tattooed on their foreheads.

Frankly all the PLA really has to do is outlaw BC in just China and affiliates...

[Still Thinking]

Note to self: When millions are at stake, write down password!!

[Still Thinking]

It’s like that dingus that threw away a hard drive with about a zillion in BTC stored on it. Oopsie, won’t do that again!

[zeugma]

It’s based on the string you feed it.

[beef]

“He can claim $200M as an IRS income loss, right?”

Well, he still has the vault, so probably not. But if they decide to implement a wealth tax, say 1%, then I guess he would owe them $2 million. The first year.

[Scrambler Bob]

Well, he still has the vault, so probably not. But if they decide to implement a wealth tax, say 1%, then I guess he would owe them $2 million. The first year.
= = =
Hey didn’t that JK Rowling get a tax of over 100%?

[beef]

“Hey didn’t that JK Rowling get a tax of over 100%?”

That would not surprise me.