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Back in 2013, Wired magazine Received a Bitcoin Miner for Review, Mined 13 BTC and later Desided to Burn the Wallet Keys

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by COINS NEWS 64 Views

Back in 2013, Wired magazine received a Butterfly miner as a review device. They set it up and mined 13 Bitcoins. Then, the staff had to figure out what to do with them.

"I said we had to dump it and donate the money to charity soonest or we wouldn't be able to cover Bitcoin," says Adam Rogers, a deputy editor at WIRED. "We had to disclose it in every story." Eventually, it was decided that the private key, which unlocks the Bitcoin wallet and allows the funds to be spent, should be destroyed.

Chainalysis, a research firm that analyzes activity across different cryptocurrency markets, estimates that between 2.78 and 3.79 million, or between 17 and 23 percent of all bitcoins have been lost.

https://www.wired.com/story/wired-lost-bitcoin/

edit: post got auto deleted due to topic limits misunderstanding, so reposting to let more people know how did real journalism death with a possible conflict of interest situation.

submitted by /u/WineMakerBg
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