Bitcoin is a disaster

Re:Bitcoin is a disaster by lumost on Thursday December 31, 2020 @08:57PM (#25599998)

I would bet a lot of folks have been selling it over time. My wallet once held ~10 BTC for a few transactions back in the early days. I ended up with 5 btc left over that I rode the bull market with, selling half the position post bull run each time.

I kick myself for loosing the BTC my friend and I mined back in '09 on CPU time when it truly was worthless. But I was a dumb college student at the time and was simply playing around with it for a few days. I wonder how many BTC were permanently lost in this period.

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Re:Bitcoin is a disaster by cbozeman on Friday January 01, 2021 @08:33PM (#25609325)

Oh man, I'm right there with you. I had the Bitcoin wallet app on my LG G3 years ago... I found a backup USB stick with the wallet backed up to it. Tried to restore the wallet, realize I've forgotten the password. It didn't have much on it, maybe 23 mBTC or so, but that's about $700 nowadays.

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Re:Bitcoin is a disaster by wolco2 on Friday January 01, 2021 @01:57AM (#25601435)

I would love to understand this in detail.

If you mined it once you get a hash. When you say you lost those coins you lost the hash to the account? When you mined in 2009 was the hash smaller than today? Is brute forcing possible?

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Re:Bitcoin is a disaster by kovach on Friday January 01, 2021 @05:27AM (#25602243)

They lost the private keys, and they are not brute forceable.

https://en.wikipedia.org/wiki/Elliptic_Curve_Digital_Signatu...

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