A software entrepreneur who lost 7,002 Bitcoins is partnering with fast food giant “Chipotle Mexican Grill” to distribute free cryptocurrencies to restaurant customers.
In a recent appearance on the Roll Call podcast, Stefan Thomas, founder of monetized web content startup Coil, recalled how he managed to lose access to his Bitcoin wallets in July 2011.
At the time, the portfolio held more than 7,000 Bitcoins and BTC was trading at just $ 30.
“I actually did two backups. I had a master copy and then two backup copies. Through a series of … You can call it negligence or you can call it bad luck. But I lost access to all three, and that’s how it all happened, ”he said.
According to the software developer, his big lesson has always been to “test your backups” for your wallets and see if they really work.
“As soon as I lost the coins, I panicked, I was desperate, I tried everything to get them back. I felt terrible and obviously, as a Bitcoin expert, I advised companies on how they should protect their Bitcoins. It was so bad and terrible that I made this mistake and it was a very difficult two weeks ”, he pointed out.
Lost Bitcoin and now gives cryptocurrencies
Now, after the huge loss, Thomas is partnering with California-based fast food chain Chipotle. Together, they launched a game called “Burritos or Bitcoin”.
In it, customers can participate in missions and they will have 10 attempts to guess a six-digit code.
The first prize, of $ 25,000 in BTC, will be awarded to three winners. In addition, the second prize, $ 500 in BTC, will be awarded to 50 winners. Finally, another 10,000 participants will win a burrito.
As Chipotle’s marketing director, Chris Brandt, explained, the contest is a unique way to celebrate what he considers two very valuable assets.
The contest started on the morning of Thursday (1) and ends at 18:00 (Pacific time) on the same day. Fans can play “Burritos or Bitcoin” by visiting burritosorbitcoin.com.
“We are always looking for unique ways to improve the celebration. And this year, we are giving fans the opportunity to acquire two high-value assets: Burritos or Bitcoin. ”
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