bitcoin Archives - Caveman Circus

13 years ago, the creator of the Bitcoin network, the pseudonymous programmer (or programmers) Satoshi Nakamoto, published the first forum post on the P2P Foundation website 13 years ago. The post, titled “Bitcoin Open Source Implementation of P2P Currency,” introduced the cryptocurrency system to members of a research and advocacy forum focused on peer-to-peer dynamics in society.

I’ve developed a new open source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper:
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man cant remember his bitcoin password

Bitcoin has made a lot of people a lot of money. Currently, the digital / cryptocurrency is worth over $34,000 a coin. Now imagine that you had $220 million dollars worth of Bitcoin, and you couldn’t remember the password to cash it in.

That’s exactly what happened to Stefan Thomas, a computer programmer from San Francisco. The password he can’t remember will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. The problem is IronKey only gives you 10 attempts to enter the correct password before it completely locks you out and encrypts the data, essentially making it lost forever. So far Thomas has used up 8 of those tries with incorrect passwords.