By using this site, you agree to our Privacy Policy and our Terms of Use. Close
Slownenberg said:
spurgeonryan said:
I saw it reach 5,000 and thought it was too much and now here we are. Does not matter, I did not keep the passcode of words and I guess there is no way of getting it again so my money is long gone.

 

 

Damnnnn that does suck. But yeah the one thing to know about crypto is, if you're storing it yourself, there is always gonna be some code or passphrase or key or whatever that you have to keep or you lose your money - storing your own money is all about personal responsibility (for crypto its writing down and keeping safe your code). Crypto is very secure, it needs to be, we're talking about hundreds of billions of dollars of value now (soon trillions) being stored in an online network. A backdoor would completely compromise the security of the whole thing.

But yeah, really sorry to hear you lost your Bitcoin :(

Not sure if he had a personal wallet or was using an online wallet like coinbase.  However, I believe most personal wallets don't have passcodes to send out coins attached to wallet unless you encrypt the wallet.  So you pretty much have to elect the option of having it protected by passcode because by default the option is off.

Anyways, I believe spurge probably bought his bitcoin from a major site like coinbase which at the time he bought bitcoin it was before the split which resulted in bitcoin cash.  So whatever coins he had in bitcoin he would have same amount in bitcoin cash.  At the time I think most major online currency marketplaces said they would hold onto the bitcoin cash that was generated by their customers owning bitcoin before the split and later give it to the customers at a later date (like 6 months to year or whatever).  So actually spurge should have a claim to bitcoin cash which is sitting at 1,670 dollars a coin right now because he bought bitcoin before the split.

Last edited by sethnintendo - on 29 November 2017