German software developer Stefan Thomas, who writes down the password of his Bitcoin account on a piece of paper and does not remember the location of the paper, has only two rights to know his password correctly. If the German software developer incorrectly uses both his guessing right to find his password, he will lose 220 million dollars.
Stefan Thomas has 2 rights left to find the password of $ 220 million
German software developer Stefan Thomas, who lives in the US state of San Francisco, prepared animated video content titled “What is Bitcoin?” 10 years ago, and earned 7002 Bitcoin revenue at an average of $ 4.
Bitcoin, one of the cryptocurrencies we have heard a lot since 2019, has gained 340 percent in value. The German software developer has recently become a millionaire with the approximate value of 1 Bitcoin reaching $ 35,000, but he cannot reach his earnings because he forgot the password of his Bitcoin account.
Speaking to the New York Times, the software developer stated that he did not remember his password and after eight attempts he had only two rights to access his electronic wallet on his hard drive. Stefan Tomas, who tried all eight password combinations he used the most, but could not come to a conclusion, said, “I would lie on the bed and think, then go to the computer with a new strategy, it wouldn’t work and I would be helpless again.
“It’s a painful memory,” Stefan Thomas said on Twitter. I hope others can learn from my mistakes. Test your backups regularly to make sure they are still working. A little bit of foresight could prevent ten years of regret, ”he said.