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Estimated 4 million bitcoin is lost forever by user's forgetfulness

Gepubliceerd op 8 juli 2018 00:01

In comments to The New York Times, Chainalysis said that user failures to create robust methods of password storage meant as much as $20 billion of Bitcoin is locked out of reach. The figure makes up the majority of lost cryptocurrency, it added, due to Bitcoin being around considerably longer than any altcoins before their value increased.

For the average user with mental block preventing access to Bitcoin holdings, however, various ‘services’ exist to help — some of which see surprisingly high success rates. US hypnotist Jason Miller told The Journal that around 50 percent of those who come to him requesting psychological assistance to remember a wallet password or hard drive location manage to remember it.

“Everybody has a photographic memory. With skilled hypnotic regression, you can access that photograph,” he said, adding the proviso that he only accepts around six cases each year for a fee of 0.5 BTC plus 5 percent of any recovered funds.

 

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