When we buy bitcoins, we have to think about how to avoid losing bitcoins, what to do if we lose our bitcoin private key, etc. Because in real life, there are countless incidents where bitcoins have been lost due to forgetting the private key or losing the hardware that stores the private key, from thousands of bitcoins down to 0.001 bitcoins, there are real cases in play.
For example, in 2013, an IT employee in the UK mistakenly threw away the hard drive containing the private keys to his Bitcoin wallet as trash, and how much was lost? A shocking number, 7,500! Although he remembered exactly where he lost the hard drive, the municipality of the city he lived in denied his request to try to recover the bitcoins, as it would have been against the law, and what a sad loss this lost bitcoin is currently worth $1.7 billion.
Before the “94 event” on September 4, 2017, he used Bitcoin and put 0.01 BTC in his wallet while studying its usage.
Later, many forked coins appeared, and I wanted to go on Bite to receive the candy, but I accidentally clicked on the updated version, and when I re-logged in, I had to import my private key or something, but I couldn’t find the paper where I left my private key, so I finally had to give up. Meanwhile, according to a new study by London Cryptocurrency Custodian: the number of bitcoins mined worldwide so far has reached 18,625,000, but 18% of them have been lost, and the number of bitcoins is getting smaller and smaller. So what should you do if you still accidentally lose them? I’ve gathered a brief overview here
There are several ways to try to retrieve bitcoins on the market today.
一： Violent Hacking
Cracking is facilitated through a wallet retrieval service company, which essentially generates and tests millions of potential passwords through specialized software to crack a customer’s digital wallet.
二： Hypnosis
It is actually hypnosis that helps patients recall their passwords or the location of their hard drive. Everyone has a photographic memory, and through skilled hypnotic recall techniques to find that then
fragment, it takes days or weeks for the memory to emerge from the subconscious mind.
三 ： data recovery
Its essence uses techniques similar to recovering other files from deleted, corrupted or partially overwritten data. Hacking techniques can also be used: many people in some text files
recording their personal identification numbers, which can allow hackers or data recovery service companies to view passwords in the original data of the file.
Of course, these methods do not have a 100% success rate, and they consume a lot of money and are not the most ideal method. What is the most ideal method? That is: don’t lose it! So, how do you safeguard your bitcoins from being lost?
The most popular alternative today is cold storage, which is saving the secret key in an offline device such as a USB stick or hard drive. But the risks remain, and hackers have proven their ability to set traps on your computer for your cold storage devices, where the private key information is stolen the moment they are received online. Not to mention the traditional methods of crime, such as door-to-door robbery and kidnapping for ransom.
The most real is to remember the private key in your own brain, the so-called brain wallet, but also can choose a centralized wallet hosting institution to let them help us store, we only need to remember the account password can, centralized wallet hosting institution is similar to our current central bank, bank custody, the current blockchain wallet direction similar to the hosting bank are coinbase wallet, BIXIN wallets.
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