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San Francisco man has 2 password guesses left to access $220 million in Bitcoin
(www.pressdemocrat.com)
this post was submitted on 13 Jan 2021
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It's estimated that ~20% of bitcoins are lost forever- worth around $140 billion at the current exchange rate. It's a brilliant lesson on artificially induced scarcity and its effect on market prices. I'm just blown away the more I think about it. Some anonymous programmer decided to code digital money that is inherently deflationary solely on the basis of the algorithm that it's built on- and the whole world decided these tokens have value! One of these days, we're gonna see this spill out into real world wars.
He didn't even code it. Dude just wrote a fucking white paper bad got a bunch of other people to help with the work
Yeah, and that makes it even more astounding. He published a paper about a theoretical currency and got thousands of computer scientists to dedicate their lives to it. Not even Jesus could attract such devoted followers.
CompSci is still in the humors phase of its development as a science or engineering discipline and I'm a software dev.