This is a great argument against overly complicated passwords that IT guys force us to use.

Meet Stefan Thomas of San Francisco. Stefan has a digital wallet with 7,002 Bitcoin in it that’s worth around $234 million in real world money.

Unfortunately, Stefan can’t remember his password to get into the encrypted hard drive to get the private keys to unlock his account. He has burned through eight of his 10 tries to guess his password before the hard drive is permanently locked.

“I would just lay in bed and think about it,” Stefan said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”

In summary, don’t be like Stefan. Write your password down if you can’t memorize it. Multiple times. Or just use “12345.” It’s so simple, no one would ever think of guessing it.

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