đ¨ Imagine having 7.002 BTC⌠and losing them to a password.
In 2011, Stefan Thomas received 7.002 $BTC as a reward for creating an educational video about Bitcoin.
He stored them on an IronKey USB.
Years later, he forgot the password.
The problem: the device allowed only 10 attempts before locking. Thomas had already used 8.
He had 2 chances left.
Meanwhile, the value of those Bitcoin grew to represent hundreds of millions of dollars.
đ The Bitcoin was there.
The device was there.
But the keys were not available.
This story illustrates one of Bitcoinâs most important rules:
Itâs not just about having Bitcoin. Itâs about being able to access it.
Self-custody gives you control over your assets, but it also comes with the responsibility to properly protect your keys and your access.
đ Not your keys, not your coins.
The real question isnât:
âHow much Bitcoin do you have?â
But:
âCould you recover your Bitcoin if you lose your device tomorrow?â
#Bitcoin #BTC #Crypto #Cryptocurrencies #SelfCustody #SelfCustody #Blockchain #CryptoSecurity #BitcoinSecurity #Web3 #Tangem #InstitutoBlockchain #NotYourKeysNotYourCoins
In 2011, Stefan Thomas received 7.002 $BTC as a reward for creating an educational video about Bitcoin.
He stored them on an IronKey USB.
Years later, he forgot the password.
The problem: the device allowed only 10 attempts before locking. Thomas had already used 8.
He had 2 chances left.
Meanwhile, the value of those Bitcoin grew to represent hundreds of millions of dollars.
đ The Bitcoin was there.
The device was there.
But the keys were not available.
This story illustrates one of Bitcoinâs most important rules:
Itâs not just about having Bitcoin. Itâs about being able to access it.
Self-custody gives you control over your assets, but it also comes with the responsibility to properly protect your keys and your access.
đ Not your keys, not your coins.
The real question isnât:
âHow much Bitcoin do you have?â
But:
âCould you recover your Bitcoin if you lose your device tomorrow?â
#Bitcoin #BTC #Crypto #Cryptocurrencies #SelfCustody #SelfCustody #Blockchain #CryptoSecurity #BitcoinSecurity #Web3 #Tangem #InstitutoBlockchain #NotYourKeysNotYourCoins
