Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

Programmer who could lose hundreds of millions in bitcoin shares 'painful memory'

Stefan Thomas, the programmer who could lose $260 million worth of bitcoin because he can't remember his password, said there's "no chance" he'll ever recoup his lost fortune, calling it a "painful memory."

"It's not like I barely don't remember it," Thomas told NBC's "Today" show. "It's there's no chance of remembering something that complicated from 10 years ago."

Thomas lost the password for his IronKey hard drive, which contains the keys to a digital wallet with 7,002 bitcoin. The hard drive gives users 10 guesses to remember their password before the content is lost forever. Thomas has used eight of those 10 attempts and come up empty every time.

The price of one bitcoin was $39,601 as of Thursday morning.

"I tried to pick a very secure one because I was very concerned about losing those coins," Thomas added in the interview. "I'd just like lay in bed and come up with a new way to recover it and it wouldn't work and I would try another way and it wouldn't work either."

Thomas, who is the co-creator of Interledger, which describes itself as "an open protocol for payments across payment networks," has become something of an Internet celebrity with many trying to help him recover his lost fortune. However, he's noted it's a painful memory and hopes that others can learn from his mistake.

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