EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Distrustful of Bitcoin, they erased their key in 2013

Admin by Admin
December 3, 2021
in Crypto News
0
Distrustful of Bitcoin, they erased their key in 2013
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Distrustful of Bitcoin, they erased their key in 2013 – BTCs are now worth more than $ 750,000.

Sometimes you have to have the courage to defend your ideas. Even if it means losing more than 750,000 dollars? In 2013, journalists from Wired magazine erased the private key for accessing a bitcoin stock (BTC), deeming the cryptocurrency to be too abstract. The coins are now worth a small fortune.

Journalists who did not believe in Bitcoin in 2013.

The 2013 article was unearthed by a Reddit user. Seven years ago, Wired journalists viewed Bitcoin mining with some suspicion. They had installed a mining machine in their offices and observed it producing BTC. This is thanks to a group that still exists: the Eclipse Mining Consortium.

At the time, the numbers seemed quite reasonable. In 2021, they make people dream. 

“With Eclipse, we mined just over two bitcoins in about ten days. This did not consume much electricity: on average, between 43 and 44 watts. It’s not even enough to heat a cup of coffee.”

Gone are the days when you could easily produce 2 BTC ($ 113,424 at the current price) in just over a week. Wired reporters will be forgiven, however, for their ignorance, being neither seers nor omens. But maybe it would have been a good idea to keep some access to the wallet, just in case.

and which erase the private keys

What makes you smile is Wired’s flippancy. The journalists wonder at the end of the experiment how to use the few hundred dollars thus released (a BTC was worth about 327 dollars at the time of publication of the article).

They plan to donate the amount to a charity before opting for a more radical solution:

“The world’s most popular digital currency is nothing more than an abstraction. We are therefore going to destroy the private key used for our Bitcoin wallet. This leaves a growing stack of Bitcoin profits locked in a digital vault for all eternity – or at least until someone cracks the SHA-256 encryption that secures it.”

Good news: in 2021, no one has managed to “crack” Bitcoin yet! Bad news: these 13.34 bitcoins (BTC) are now worth more than $ 750,000, and they will never be accessible again. Let those who have never sold bitcoin too soon throw the first stone at them. 

Are you still distrustful of Bitcoin?

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Bitcoins (BTC)
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Blockchain.com, in turn, opens up non-fungible tokens (NFTs).

Next Post

Binance still targeting the UK, despite hostility from local regulators.

Admin

Admin

Next Post
Binance still targeting the UK, despite hostility from local regulators.

Binance still targeting the UK, despite hostility from local regulators.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
UK Treasury Publishes Crypto Framework Paper

UK Treasury Publishes Crypto Framework Paper

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>