Yeah it sat in my wallet for a long time and wasn't really gaining any value. I didn't have a need for the trade route anymore cuz I just used it once for some exotic spices that I didn't really care for. Mining wasn't an option for me because I didn't have a powerful computer as a broke college kid. So I just kinda checked out.

Still sucks to think about how I could have ended up with a great return, but hindsight is 20/20 and all that.

I still have bitcoins from 2011-2014 some of which I GPU mined. I'm patient. Of course I sold some, but I still have a couple full bitcoins. Not everyone sells the whole amount in one go

I recently got my first bankruptcy payout from the BTC I had in MtGox. I made more with them stolen as I certainly would have sold them at a lower price.

Bird in the hand is worth two in the bush.

When I first acquired it, I wasn't aware of a place to even check it's value. There was this old game called Dragon Tales, where you could gamble whole BTC on things like kicking a coconut tree to see if 0-4 BTC worth of coconuts would fall...

There's an IDE drive in a landfill somewhere with 10BTC on it because I'm fuckwit.

How come everyone is forgetting the best practices in Bitcoin backup?

You put the stuff in a container, put it in a hole in your yard, and put a birdbath on top of it.

The birdbath is a crucial security step! Standard practice! Been that way for years! I frankly can't believe a lot more people don't know about it.

Last time I tried to engrave my seed on metal I got kicked out of the park.

It all depends on the value of what you're trying to secure, and if an attacker knows the value of what's in the account, and if the attacker has access to hints about the password you used to narrow down the possibilities. The researchers knew all of that info and they still didn't want to bother trying to crack the password until they found an additional way to narrow down the possibilities even further.

There's no such thing as perfect security. A lock only needs to be strong enough to make it not worth breaking into for what's in there

"Two years ago when “Michael,” an owner of cryptocurrency, contacted Joe Grand to help recover access to about $2 million worth of bitcoin he stored in encrypted format on his computer, Grand turned him down.

Michael, who is based in Europe and asked to remain anonymous, stored the cryptocurrency in a password-protected digital wallet. He generated a password using the RoboForm password manager and stored that password in a file encrypted with a tool called TrueCrypt. At some point, that file got corrupted, and Michael lost access to the 20-character password he had generated to secure his 43.6 BTC (worth a total of about 4,000 euros, or $5,300, in 2013). Michael used the RoboForm password manager to generate the password but did not store it in his manager. He worried that someone would hack his computer and obtain the password."

The password was forgotten and he asked 2 famous hackers for help, who took a fee and gave the wallet back to Michael. So, ownership is sort of loosely defined at this point. Sure, Michael probably had legal rights to it, but it held no actual value until taken by somebody else.