Protecting Bitcoin Shamir Backup – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over the course of 2017, he felt rich beyond his wildest dreams and decided to travel a bit. At one point he was in Mexico in a nice hotel and partied by a rooftop pool. Things got out of hand, then he fell down to the street below and died. The author of this particular post was a friend of the man’s family and wanted to find out if there was any way to access the bitcoin. However, the young man used a passphrase-protected Trezor and hadn’t written the passphrase down anywhere. The bitcoin was thus lost along with the man’s life.

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