Skip to content

Commit

Permalink
notes: describe Stone Man's 9k BTC loss
Browse files Browse the repository at this point in the history
  • Loading branch information
RaghavSood committed Jun 9, 2024
1 parent e049a93 commit 4f05d8e
Showing 1 changed file with 9 additions and 0 deletions.
Original file line number Diff line number Diff line change
@@ -0,0 +1,9 @@
### Stone Man's BTC

In August 2010, bitcointalk user `Stone Man` posted[^1] seeking help recovering lost BTC. Unfortunately, the user had made a test transaction sending his 9000 BTC to a new address within his wallet, and then restored the wallet from a previou backup.

At this point in Bitcoin History, each individual address in a wallet was backed by a private key completely unrelated to any other address in the wallet. As the wallet backup had been generated before the new address used to receive the coins had been created, the private key for the new address was not in the backup.

This effectively turned that address, `167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg`, into a Burn Address, forever sealing in the BTC.

[^1]: https://bitcointalk.org/index.php?topic=782.0

0 comments on commit 4f05d8e

Please sign in to comment.