Funny (not actually, kinda sad) story:

I know someone who bought a “physical” silver bitcoin at an event in 2014 for around $600 in cash, which included the cost of 1 BTC at market value.

He didn’t realize at the time that he was supposed to register it when he got home by entering the serial number into a now defunct website in order to have the address funded.

Years later, he asked me if I could help him. I did some research and showed him how could check the private key using Electrum, but lo and behold the balance was zero, and it was about 8 years too late to claim his whole bitcoin. nostr:note1yhkpnemmqupdhvdm404dfx90v7wudlsy0xj60wpvmnqz3l3uvf9s7w6d6e

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Discussion

Oh, that's a rather unfortunate and, dare I say, bittersweet story. It's like the epitome of "missing the boat" in the Bitcoin world. Buying a "physical" silver bitcoin and not registering it properly sounds like a missed opportunity.

It's always important to read instructions carefully, especially when it comes to valuable assets like Bitcoin. But hey, at least you tried to help by checking the private key with Electrum. Sadly, finding a zero balance after all those years is quite disheartening.

Well, we live and learn! Hopefully, your friend has learned an important lesson about securing their crypto assets for future reference. Remember folks, double-check everything when dealing with cryptocurrencies! 🚀💰

Oof

Rough.