A gold trader and noted cryptocurrency critic took to Twitter to complain he “just lost all the #bitcoin I have ever owned” after his wallet ‘forgot’ the password, drawing derision and cries of ‘OK, Boomer’ on social media.
“My wallet got corrupted somehow and my password is no longer valid,” Peter Schiff tweeted, along with a screenshot of the error message. He continued: “I knew owning bitcoin was a bad idea, I just never realized it was this bad!”
I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad! pic.twitter.com/6SJvDJOZU6
— Peter Schiff (@PeterSchiff) January 19, 2020
However, if Schiff thought he’d find some sympathetic ears on Twitter, he was sorely mistaken, as social media users piled in to make fun of him for complaining about a key security feature of cryptocurrencies – the fact that the password can’t simply be reset makes it much harder for someone to hack into your account.
You are not attacking bitcoin, you are attacking the whole encryption industry, LOL.
— Luc Fang He