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Lose your mind, but don't lose your cryptocurrency password!


When you enter this world of cryptocurrencies, the first thing you learn - even because it opens a giant page warning you - is that your access cryptokeys are yours alone and in case of loss, there is no way to recover what is inside the digital piggy bank!

So it is. After one that had 7000 bitcoins, playing the HD in the trash, now it's Mircea Popescu's turn.

One of the pioneers of bitcoin (BTC), he drowned at age 41 in Costa Rica in June and left a cryptocurrency fortune "lost".

The investor claimed to have a million BTCs; but, according to Bitcoin Magazine, the deceased had "tens of thousands", with estimates pointing to a value of US$ 2 billion, about R$ 10.35 billion in direct conversion.

Local authorities said he was swept away by a current and died in the area of ​​Playa Hermosa, an area not suitable for bathers.

The event was publicized by the Costa Rican website Teletica, and a woman who accompanied him identified the body.

Popescu became famous for being one of the pioneers of cryptocurrency, publicizing and promoting the initiative on his Trilema blog.

For those who are younger, the blog Trolema, which no longer exists, was famous for defending cryptocurrencies but for polemizing about the creators of bitcoin, especially when the bitcoin hash increased in size.

In addition, the Romanian was responsible for creating the MPEx exchange in 2012.

He criticized professionals who claimed to be linked to Satoshi Nakamoto - code name used by the creator, or creators, of the BTC.

According to Bitcoin Magazine, the enthusiast said attempts to improve the software's code were "self-centered and childish" and advocated backwards compatibility with tokens.

"Bitcoin is not here for your opinion. Bitcoin is here to change, in a deep and painful way, your life. Whether you agree or not, give it permission or not, whether you think it is 'acceptable' or whatever thing," he wrote on his blog.

A Twitter profile publishes investor "pearls" daily.

The Trilema blog was also infamous for anti-Semitic, sexist and sexual publications, so it's also down!

"Bitcoin as the superstructure of the world, the measuring stick of the elite, is quite a different story from Bitcoin as a toy."
— Mircea Popescu (@MirceaQuotes) July 14, 2021

The fortune could be lost forever if the account's cryptokeys are not found.

Unlike in movies where people get rich when they find an old safe filled with coins, in this case, the safe is visible, but the lock key is impossible to open.

However, in this case, what has been said for some time happens: with bitcoin having a limited emission, the loss of these bitcoin necessarily removes a considerable volume from the market.

This lack of volume, contrary to popular belief, weakens the real value of bitcoin, as the average business volume falls proportionately.

It's the same analogy of trade that begs for coins: most people keep their coins. Without circulating in small businesses, the circulating coins end up being worth more and are disputed by tapas in street shops.

For cryptocurrency trading, losing 10% of the currency in circulation means an instantaneous devaluation of the same value and an increase in volatility of the same order!

For better or for worse, let someone know with your cryptokeys!

You never want that but something happens!

By the way, don't shower in areas unsuitable for bathers or without lifeguards: your bitcoins may depend on it!

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I like to read and to write and to see the life in all. I like to make mathematical analysys and to link with emotional responses, historical reviews and temporal actions. I like the similarity between matrix, SW, ST and the real life. TNKS ALL SUPPORT!


Bull, bear and the weather
Bull, bear and the weather

Understanding and controlling the bull, the bear, the weather and the heart: Reason and emotion. And everything that involves these two criteria within the financial market (traditional and digital). Also hoping to bring graphic and comparative analysis with knowledge of the market, history, philosophy and so on, for those who want to see this incredible web of opportunities to use their capabilities and obtain different gains not only in financial terms.

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