Online Cash Bitcoin Could Challenge Governments, Banks

"Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes...

Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million.

The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin...

Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis..."

https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html

 

"Bitcoin Whales’ Ownership Concentration Is Rising During Rally

About 2% of accounts control 95% of all Bitcoin...

A few large holders commonly referred to as whales continue to own most Bitcoin. About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset, according to researcher Flipside Crypto..."

https://www.bloomberg.com/news/arti...wnership-concentration-is-rising-during-rally

 

https://www.bbc.co.uk/news/uk-wales-55658942

 

Mt. Gox exchange users may finally get to recover some of their lost Bitcoin
90 percent of the remaining Bitcoin could be available to creditors.
January 18, 2021
https://www.engadget.com/mt-gox-bitcoin-users-recovery-153025831.html