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Bosonic

(3,746 posts)
Tue Oct 29, 2013, 01:55 PM Oct 2013

Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k

The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian man’s $27 investment turned into a forgotten $886,000 windfall.

Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory.

Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten. After eventually working out what the password could be, Koch got a pleasant surprise:

"It said I had 5,000 bitcoins in there. Measuring that in today's rates it's about NOK5m ($886,000)," Koch told NRK.

http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home

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Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k (Original Post) Bosonic Oct 2013 OP
Sell! . .. n/t annabanana Oct 2013 #1
Now! Not tomorrow! Now! ret5hd Oct 2013 #2
Holy crap! How do I get in on this? Initech Oct 2013 #3
First, build your time machine muriel_volestrangler Oct 2013 #4
Where do I acquire the plutonium necessary to build a flux capacitor? Initech Oct 2013 #5
I hear it's for sale on the dark internet muriel_volestrangler Oct 2013 #6

muriel_volestrangler

(101,322 posts)
4. First, build your time machine
Tue Oct 29, 2013, 07:56 PM
Oct 2013

or, more easily, lay some bait to attract a time machine from the future, so that they come to see you - then you hijack it.

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