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Four random English words make a good password: "correct horse battery stapler"some wallets use 12 to 24 random words to unlock a wallet when someone forgets the gto password and can restore the wallet with those 12/24 words. Daedalus for instance 24 word for complete wallet where multiple wallets exist and the ame for the individual wallet themselves.
Four random English words make a good and memorable password: "correct horse battery stapler"
If you pick at random from the 20,000 words most people know, then there's only a 1 in 20,000 ^ 4 = 1 in 160,000,000,000,000,000 chance of anyone guessing it.
So secure even the owner of the coins can't get in. lol. Isn't that ironic.
WookieMan saysSo secure even the owner of the coins can't get in. lol. Isn't that ironic.
You realize, eventually, all bitcoins will be lost.
It's not like to can find them again once lost.
I know. Just giving our crypto fan club here a hard time. Don't know what is so difficult about 2 step authentication for the crypto crowd. Any account I have setup with that has never been hacked or had a thing stolen from it.
One company was a total asshole about it, 2nd password had to have absolutely no relation to the old one.
You realize, eventually, all bitcoins will be lost.
It's not like to can find them again once lost.
" According to Chainalysis, about 20% of the existing 18.5 million bitcoin, valued at $140 billion, appear to be lost in digital wallets."
The San Francisco programmer, according to the New York Times, owns 7,002 bitcoin (BTC-USD) in a digital wallet he can’t access because, well, he lost the password. He’s tried to guess it eight times to no avail. Now, he’s only got two more chances or his fortune will be gone.
The hard drive where his bitcoin is held, known as IronKey, allows users 10 attempts to crack the code before encrypting its contents forever. Understandably, it’s been a stressful time for Thomas, who years ago lost the piece of paper with the password.
“I would just lay in bed and think about it,” he told the Times in an interview. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Thomas isn’t the only one a password away from bitcoin riches. According to Chainalysis, about 20% of the existing 18.5 million bitcoin, valued at $140 billion, appear to be lost in digital wallets.
https://www.marketwatch.com/story/he-could-be-on-the-verge-of-unlocking-a-220-milliion-fortune-or-losing-it-forever-11610468562