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In 2013, Wired destroyed the key to 13 Bitcoin now worth $760K... to make a point
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There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency.
Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623579 BTC back in 2013 in order to make the point the cryptocurrency was nothing more than an “abstraction”. The Bitcoin in the now inaccessible address is now worth $761,000.
Author Robert McMillan (who now is a reporter with the Wall Street Journal) set up a Butterfy Labs Bitcoin mining rig in the corner of his office at Wired to see what all the fuss was about. And at the conclusion of his little experiment, he was far from impressed.
“The world's most popular digital currency really is nothing
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