Damus
Mandrik profile picture
Mandrik
@Mandrik
I suspect few people in the world have interacted with more individuals who lost bitcoin than I have.

I answered support tickets for a non-custodial web wallet that, at the time, was the most popular in the world.

I'm talking about 100,000+ tickets over five years, many from users who lost access to their funds. Not just tiny amounts, mind you.

Sometimes hundreds of bitcoin.

My inability to help them still weighs on me.

We added warnings and info about the importance of backups. It's not that I could have done more. The nature of the old Blockchain(.)info wallet made that impossible.

The bottom line is personal responsibility demands extraordinary effort, and not everyone is up for the challenge.

Lost password? Sorry, I can't help.

Lost seed phrase? Sorry, I can't help.

Funds stolen by a phishing site? *Sigh*

What troubles me most isn't the sadness I felt from doing this daily for so many years. No, eventually you grow numb to it.

That's what truly hurt.

I imagine this is a lesser version of what people in the medical field have to do to cope with their jobs - learning to stop caring so much.

It takes a toll on your humanity if you live this way for too long.

I could have stayed in that job. Stacked more sats. It made sense, financially. I'd have a lot more bitcoin today if I did.

Instead, I left, choosing to be with my family and focus on self improvement.

Anyone who has worked during the early years of a startup will understand how incredibly burnt out you are once you finally step away. It took me years to push through that.

But I still think about those users.

The ones who made all the mistakes of the past that you, the bitcoiners of today, would learn from.

Almost seven years have passed since I left, and I'm no longer numb to their pain. I feel sadness for them again.

And I'm grateful for that.


I hope you all have a Merry Christmas, and take some time to reflect on the things that truly matter in this life. 🧡✌️
4929❤️121🤙32🫂9💜4❤️3🔥2
𝕞ptf · 64w
Self responsibility is not an easy path, but it is always worth it.
curt finch · 64w
wonderful the phrase "be your own bank" sounds easy when you say it fast but Banks do a whole lot of stuff and that stuff is really hard
fun.relaxed.happy.satisfied · 64w
Merry Christmas Buddy 🧡 It helps to think of lost coins as donations to the effort to develop a quantum computer 😇
Marc · 64w
Thank you for this story. That was the first wallet I used. I never thought about it from this angle. I once sent all my bcash to a bitcoin address on Kraken. The customer service guy said there was nothing they could do. That kind of stuff must be hard to deal with. I've never thought about that...
Lebanese Hodl · 64w
Damn. That's a reminder that we are indeed standing on the shoulders of giants 🙏
nostrich · 64w
Feel ya on this one. I worked support for a password manager where the user was fully responsible for their backup key. Not fully comparable to losing generational wealth, but many many situations where people lost access to pretty much every single account they ever owned, along with other very i...
Klems ⚡️ · 64w
I did lost 10 BTC + on cryptsy. Shit happens, fuckin Paul Vernon ... My worst mistake was to stop mining from 2014 to 2016 afterwards. I am in peace with that now. I Did setup several enigmas to give away Bitcoins since then. The latest one (based on movie screenshots) is ongoing for two years now ...
BitLo · 64w
Well said
Bison · 64w
Have you try turning it off and on again?
TheBitcoinManual · 64w
Every so often I get emails asking if this website or wallet is a scam, I lost X, how do I recover funds if I sent it to a scammer and it's tough to explain, what amazes me is how much wealth people are putting into a protocol they don't understand
Mr. Sat Stacker · 64w
Congrats you've captured was was taken from you... your compassion, empathy, ; humanity.
johnny · 64w
And will these things still happen? There is a recent case of considerable loss of #bitcoin ?
TuvokSeed · 64w
thats why totally available bitcoin supply trends to 0 ! 1 million bitcoin could be the whole supply ! in just short 200 years
HTG⚡️#HODL 🔐 · 64w
I feel you on this fella. 🧡🧡⚡️⚡️🫡🫡
Deleted Account · 64w
Merry Christmas to you and your family too 🫂
Kevin · 64w
Reminds me of my own lost coins. Mine is a Bitcoin core wallet that I encrypted and can't remember the password to back in 2013. Taught me a hell of a lesson about backup practices. I kept all the subsequent coins on Coinbase until 2022 when I did a deep dive into learning. There other benefit of t...
OgFOMK ArTS · 64w
Having lost some Bitcoin recently via a lightning experiment I understand your feeling but also we can tell anyone that the Bitcoin you lost was the necessary step in order for you to appreciate how scarce it really is. You can never buy what Satoshi, himself stacked because he believed more than y...
7 · 64w
Having worked in customer support it never occurred to me that that could be something I could’ve done for Bitcoin. But, I don’t know that I could deal with there being nothing that I could do to help so much of the time. So much of my self-worth came from being able to find solutions & resolve ...
Apatight⚡️ · 64w
The higher the USD bitcoin value, the more nerve wracking it can be to move funds, consolidate utxos, etc. I think about aging as well, and what might be an iron-clad security posture now, could be a point of failure later. Btc security will evolve with the needs of the HODLr, and my sincere hope is...
BTC Freedom · 64w
Merry Christmas! Self custody Bitcoin definitely demands personal responsibility. It’ll unlock human full potential. 🫡
OFFGRID · 64w
fortunate and grateful I listened to all the right people from the get go. Had a wallet backed up with various backups and tested recovery prior to any movement on chain. some people
ItsAmongus · 64w
irecently spent 24 hours thinking i lost a passphrase. i was a wreck. i later figured out i hadn't set one at all and recovered my funds. still feel terrible for anyone who loses btc like that.
running bitcoin · 64w
Love u Mandrik 🐸🐸
Frame · 64w
Beautiful post 🧡
graffiti · 64w
Thank you for your service
Oyl Miller · 64w
I’m also feeling the lingering effects of having worked for a crypto startup. It felt like an echo chamber and that the ship was blind to all the icebergs they were about to run into.
Mel · 64w
Merry Christmas to you and the fam nostr:npub1qex7yjtuucs6ac49kjujdgytrjsphn5a4pdscu2w3qlprym4zsxqfz82qk !
btconboard #LNHANCE or #CTV · 64w
🫂🫡
zwartwit · 64w
The predicate ‘lucky’ can sometimes be appropriate. I think it is in your case. Much love, and … … Καλά Χριστούγεννα και ευτυχισμένο το νέο έτος. Dear people on Nostr, become, be and remain the change you want to see. Gratitude. Happy holidays 🧡
Bitcoin Boomer · 64w
Thank you for that!! Yeah, anyone who says early bitcoiners had it easy or were lucky just don't understand all the pitfalls along the way. I'm blessed to have found bitcoin when I did, with things much more stable despite the day-to-day volatility. It's so much easier now, and I believe it will ...
Rusty Russell · 64w
Yes. When MtGox went down, and I decided to start working on Bitcoin, I forced myself to read through those loss threads on Reddit. Some days, balancing optimism for the future and pessimism for the future *mistakes* seems intractable. But if not us, then who?
Justin_Tokyo · 64w
Thanks for the reminder. Rome wasn't built in a day.
SeedSigner ("the man") · 64w
I think what you’re describing is compassion fatigue. I experienced it while working to help prosecute crimes against children during the majority of my LE career.
Bitcoin Wizard 🧙🏻‍♂️ · 64w
and that Bitcoin was intentionally stolen when using the wallet today or in the past. 🤷‍♂️
Moel · 64w
I guess this was my first wallet 🤔 I remember using a password manager even then. I guess I was a bit more paranoid that most 🤔
lex · 62w
Any tips on what to do / what not to do