10/22/2023 0 Comments Ironkey password resetOK, this happens, right? We all know we lose our passwords. Yeah, it's a really good question, isn't it? Stefan, how is it possible that one measly little password stands between you and hundreds of millions of dollars? Here is part of his conversation with As It Happens host Carol Off. The IronKey gives users 10 password guesses before it encrypts its contents permanently, and Thomas' bitcoin is lost forever. Since then, the currency's value has skyrocketed, and Thomas' holdings are worth $220 million US ($321 million Cdn.) Later that year, he lost the password to his IronKey, the USB hard drive that contains the digital wallet that holds his bitcoins. For his efforts, a bitcoin enthusiast awarded him 7,002 bitcoins. Back in 2011, he produced an animated video explaining how the digital currency works. The San Francisco software developer and CEO was an early adopter of bitcoin. Or, he would be if only he could remember his password.
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