↘️A #software #entrepreneur who lost 7,002 Bitcoin is partnering with fast-food giant #Chipotle #Mexican #Grill to give free cryptocurrencies to restaurant customers.
↘️$ 400 Million Bitcoin
In a recent #Roll #Call podcast, #Stefan #Thomas, founder of the money-making web content startup #Coil, described how to lose access to Bitcoin wallets currently valued at over $ 400,000,000 in July 2011, when BTC was traded around $ 30. he remembers doing it. On the subject, he says:
“Actually I made two backups, one master copy and then two backup copies. You can call it negligence or call it bad luck. But I lost access to all three of them, and that's all gone after all. After losing the money, I panicked, I was desperate. I was trying everything imaginable to save him. I felt terrible and obviously as a Bitcoin expert I advised companies on how to secure their Bitcoins. It was so bad and horrible that I made this mistake and I had a very difficult few weeks. "
↘️Lessons Learned
The software developer says his big lesson is to always "test your backups" for your wallets and double check if they really work.
“I had two backups, so I was pretty sure nothing would happen, and when I lost access to the master, I realized that none of the backups really worked and were actually not available to me. I was testing these backups once a month, for example. It wouldn't be a problem if I noticed that I lost access to the master copy. "
Now, Thomas is partnering with California-based fast food chain Chipotle to launch a game called “Burritos or Bitcoin” where customers can participate in a crypto recovery mission. They will have 10 attempts to guess a six-digit code for a chance to win up to $ 25,000 in BTC.
The first prize of $ 25,000 in BTC will be awarded to three lucky winners. The second price of $ 500 in BTC will be given to 50 winners, and 10,000 participants will receive a free burrito. Chipotle's marketing manager Chris Brandt says the competition is a unique way to celebrate what he thinks are two very valuable assets.
The contest will officially start on April 1 at 09:00 and end at 18:00 on the same day. Enthusiasts can play "Burrito or Bitcoin" by visiting burritosorbitcoin.com. Brandt finally emphasizes:
“We're always looking for unique ways to enhance the celebration, and this year we're giving fans the opportunity to acquire two valuable assets: Burrito or Bitcoin.