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TopicGuy mines 1000 bitcoin. Saves it on USB. USB died and he lost $10 million
darkphoenix181
12/01/17 4:06:50 PM
#20:


KazumaKiryu posted...
I really don't understand the concept of saving it on a storage device. I mean what is that? All I get is having it on Coinbase and the trackers and I can sell it. How do you sell something on a storage device? Is it a Word file saying "I have 1000 bitcoins, trust me!"


it is basically a password to the account

if you write it down
someone can use it and access your account and take all your money

so he put it on a drive that was encrypted with a password to access

so if anyone got his drive, then it would be hard to take his money

problem is, if he didn't memorize or put this somewhere else, then he loses it too
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