Wow! Taking 70 billion dollars to the grave, is this the real "ultimate destruction" in the crypto world?
Brothers, let's talk about something serious today.
To be honest, after so many years in the crypto world, I've seen people make huge profits and I've seen liquidations, but I've never seen anything as outrageous as Mircea Popescu. It is said that this guy drowned while swimming in Costa Rica, taking with him 70 billion dollars worth of Bitcoin.
Just think about it, 70 billion dollars, 1 million Bitcoins, directly locked on the blockchain, in this life, the next life, and the life after that, no one can touch it.
When I first heard this news, my first reaction was disbelief. I thought to myself, how could a guy with so much money not have a backup plan? Later, when I looked up his posts on Bitcointalk, I realized this guy was really crazy; he didn't trust anyone at all, and even believed that the only safe place for a private key was rotting in his own mind.
So what happened? A wave came, and he was gone, and the coins became dead coins.
To be honest, this is a bit interesting, but it’s also quite lamentable. We shout every day, "With the private key in hand, I have the world," but reality gave us a resounding slap: people are the biggest vulnerability.
I seriously thought about this issue; although the disappearance of those 1 million coins, logically speaking, is a kind of "passive destruction" of Bitcoin, indirectly increasing the value of the coins we hold, the cost is just too heavy. This is not just a person's life; it's a hardcore memory of an era.
To be honest, I used to pursue extreme cold wallets and multi-signatures, but after being misled by a few projects and experiencing the passing of friends and family, I changed my mind. If you really love your family, don't hide the private key too well. Otherwise, one day when you really go "swimming," what you leave behind is not wealth, but a regret that your family can never open for a lifetime.
I can only say this operation is — amazing, but really, don’t try to learn from it.
Finally, I want to ask you brothers, if you have 1 million BTC in your hands, would you choose to take the private key to the grave, or leave a "backdoor" for the person you trust the most?
Let's discuss in the comments, don't tell me you haven't made an inheritance plan yet.