Published On: Fri, May 11th, 2018

Wired Condemned in 2013 and Destroyed 13.34 BTC, Now Worth $177,000

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A lot of things have changed in the world of Bitcoin over the years. The technology is maturing, its value has soared, and the general interest in cryptocurrency is on the rise. Today is also the five-year anniversary of Wired claiming how Bitcoin is an “abstraction”. At that time, the company also destroyed their private key, which would be worth a pretty penny by now.
The Wired Story Recapped
Five years ago, Bitcoin was not the cryptocurrency most people know today. It wasn’t popular, useful, or very valuable. Thankfully, that all changed as more time progressed. Some people argue this is only the beginning, at least where the price is concerned. With solid technical improvements on the horizon, the future looks rather promising for the world’s leading cryptocurrency.
Wired, a well-respected technology outlet, didn’t have much faith in the dominant cryptocurrency five years ago. They even destroyed the private key to their cryptocurrency wallet to illustrate a point. According to the company, the digital currency was an “abstraction” which would eventually peter out of existence. This statement came on the heels of experimenting with a Butterfly Labs cryptocurrency mining unit …

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