re: Man in SF has 2 password tries left before he loses forever 220 million dollars

This is for anyone with the answer, what happens to the coin when you burn through all your password tries.

quote:

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That’s the beauty of bitcoin, no way to know I own it, can’t be taken from , I can exchange It for currency in another country all independent of the U.S. government, or banking. system

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Uhh depends on how you funded the account, are your coins in Any wallet that has a connection to you registration wise etc.

Could I keep the Feds, even the nsa and the Cia from knowing I had the coins, absolutely. But its ahige huge pain inbthe arse, i would have to use sketchy as frick sites to tumble the coins mutiple times and every time I do so, I run the risk of getting the coins taken.

If I wanted to use them, it would be a huge pain in the arse if the government did that.

Do able...absolutely. it's done every day with the black market, but its a pain in the arse and I wouldn't do it unless forced to.

But the Feds are going to outlaw btc. For one, they tax the gains off of it, and second if they did, the price would fricking sky rocket as people would know insane amounts of inflation are coming.