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the buried treasure that people can never get back : Planet Money : NPR

admin by admin
January 2, 2021
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the buried treasure that people can never get back : Planet Money : NPR
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Artistic collage of a crying bitcoin

Kenny Malone and Alice Wilder

Artistic collage of a crying bitcoin

Kenny Malone and Alice Wilder

Be aware: This episode initially ran in 2018.

Loads of individuals will inform you they’re getting wealthy off of bitcoin. They might be proper. However there’s one other group of bitcoin homeowners that are not so ecstatic. As a result of they is perhaps wealthy, too, however they misplaced the passkey that may allow them to get at their digital fortune. Within the decentralized anti-governmental world of bitcoin, you’ll be able to’t file a declare for broken or misplaced forex. You’ve got both acquired the important thing, or you do not.

Syl Turner is in that second, much less glamorous group. When he acquired round one-and-a-half bitcoins a couple of decade in the past, they have been practically nugatory. So nugatory he bunked the onerous drive that held the important thing someplace and now he cannot keep in mind the place.

We be a part of Syl on a digital treasure hunt, as he ventures into his attic on the lookout for what might be the important thing to his bitcoin pockets, and tens of 1000’s of {dollars}. Then Kimberly Grauer and Jonathan Levin of Chainalysis assist us work out how a lot bitcoin has been misplaced and why it is so troublesome to trace down, and take a look at to determine if there’s any method to discover Syl’s vanished riches.

Music: “Wild Baby Rock,” “Interstate 65,” and “Optimist.”

Discover us: Twitter / Facebook / Instagram / TikTok

Subscribe to our present on Apple Podcasts, Pocket Casts and NPR One.

It is anybody’s guess what 2021 will maintain for the financial system, so keep knowledgeable by subscribing to our Newsletter.





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