WAS ONE OF THE FIRST MILLIONAIRES OF #BITCOIN, BUT LOST IT ALL DUE TO A DISK FORMAT AND A BEGINNER'S MISTAKE.
Jared Kenna was not a novice. He was a former U.S. Marine who started mining Bitcoin when it was only 20 cents.
He accumulated thousands of coins. At the market peak, his fortune was worth millions.
But Jared made a fatal mistake. He stored his private keys on a USB flash drive, without backups, and left it in a drawer.
Years later, his computer had a problem. He needed to reinstall Windows. He connected the USB to use it as a boot disk.
Without thinking, he clicked "Format."
In a second, he erased the access keys to 800 Bitcoins.
Jared remembers staring at the screen, paralyzed. Those 800 BTC today would be worth tens of millions of dollars. Unlike others who become obsessed, Jared decided to laugh instead of cry and started over from scratch, founding successful companies.
Do you trust your memory and physical devices more, or do you prefer a bank to safeguard your money even if they charge you fees?
#FOMCWatch #BTC #bitcoin #Write2Earn $BTC
