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Researchers crack 11-year-old password, recover $3 million in bitcoin (arstechnica.com)

submitted 6 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] KairuByte@lemmy.dbzer0.com 6 points 6 months ago (1 children)

If I lose to key to my vault, and require a locksmith to enter… does my vault hold no value until I can enter it? Of course not, the contents is still there.

I get where you’re going, but really it makes no sense. The value (or as close to value as we are willing to put on crypto) was always there. Whether or not someone was able to get into it doesn’t change the fact that it’s there.

[–] FiniteBanjo@lemmy.today 1 points 6 months ago (1 children)

If a vault buried somewhere you don't remember is unearthed by experts decades later, I would argue it isn't yours.

[–] KairuByte@lemmy.dbzer0.com 2 points 6 months ago

Forgetting the password is more akin to losing the key. You dont forget where the blockchain is.