Blogs
on May 7, 2024
LOST TON OF MONEY: Stefan Thomas, previous Surge CTO story of a secured away prize
Can you visualize shedding the key to generational wide range? How about multi-generational riches.
Stefan Thomas's lost password.
Previous Chief Modern Technology Officer (CTO) of Surge, Stefan Thomas, made headings in 2021 for forgetting the password of the hard disk which contained the key to his Bitcoin wallet. The hard disk drive, called the Iron Trick, has been developed to be unsusceptible all assaults and just gives users with 10 attempts before they are completely shut out of the drive. Since 2021, Thomas is to his final 2 efforts attempts.
The Bitcoin wallet that Thomas can not access includes 7,200 BTC, which would be worth over US$ 187 million today. According to Thomas, the just various other way to fetch the information would be by damaging the drive apart, removing its chip as well as placing it under a scanning electron microscopic lense to review the individual flash memory cells.
This process would certainly call for a whole lot of time as well as money, and also also after that, there are possibilities that he would certainly fail to obtain the details. Thomas has actually been trying to log right into the tough drive given that 2012 and also states he has actually currently made peace with his loss.
Sorry for the funny style, definitely isn't funny for Stefan.
I would assume there would be innovation to dismantle (not break), check out the drive with the electron microscopic lense and afterwards also reassemble if it helps. This innovation exists, why not use it.
I kind of wonder if he transferred ownership elsewhere as well as after that asserts the loss for tax obligation objectives. Can we still see these bitcoin deals sitting there undisturbed?
Last meeting i saw he was still looking at alternatives as well as a number of good companies could have options but that it was very tough to even obtain the physical gadget moved anywhere due to its prospective value.
Also worth noting this was just a settlement he received for probably the first ever bitcoin advert. He was an early bitcoin dev before he took place to come to be surge cto. David schwartz (xrp carbon monoxide maker and also current cto) utilized to offer him banter over this loss. Safe to state he has a crap tonne if crypto mining Kuwait riches besides this very early settlement
My favourite tale, and also perhaps even costlier than this loss is that it was potentially Stefan that offered the suggestion for eth! Wtf you say well allow me explain: when stefan was cto he had a young reporter stay on his sofa while attempting to get a task at ripple (fell thru because of documents) and also they reviewed to name a few points how xrp can have been targeted at lots of things. Consisting of clever agreements but they had actually chosen to concentrate on remittances. That young adult was vitalik!!!!
Certainly the last bull run showed that was a big lost opportunity but still yet to see if the focus on remittances over wise contracts was the right, if slower to win in, choice.
Former Principal Technology Police Officer (CTO) of Surge, Stefan Thomas, made headings in 2021 for forgetting the password of the difficult drive that included the key to his Bitcoin pocketbook. As of 2021, Thomas is down to his final 2 attempts attempts.
My preferred tale, as well as arguably also more expensive than this loss is that it was possibly Stefan that gave the concept for eth! Wtf you state well allow me discuss: when stefan was cto he had a young journalist stay on his sofa while attempting to obtain a task at ripple (dropped thru due to paperwork) and they went over amongst other points just how xrp could have been targeted at lots of things.