The magazine ran a Bitcoin mining machine as an experiment in 2013 — but dismissed the cryptocurrency as an "abstraction" and rendered the 13 BTC it had accrued inaccessible.
An article from 2013 has emerged that'll send shivers down your spine.
Back then, even mining BTC using an everyday computer was achievable… and the cryptocurrency was valued at a mere $220.
But Wired ended up going down a different path, concluding its article with this withering putdown:
"The world's most popular digital currency really is nothing more than an abstraction. So we're destroying the private key used by our Bitcoin wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity — or at least until someone cracks the SHA-256 encryption that secures it."
The article was shared on the r/CryptoCurrency subreddit by leMartinx, who described it as proof that early adopters had little idea about how big Bitcoin would become.
Not everyone was so charitable. Another user, Cappy2020, wrote:
"What a stupid take by Wired. Even if you thought Bitcoin was just 'daydreaming,' at least hold onto it in the off chance that you could, maybe, be wrong. Serves them right for being so arrogant."
Others cast a positive spin on things by pointing out that the magazine's stunt helped to make Bitcoin even more scarce — reducing supply and increasing the value of BTC in circulation.
Other investors have described their anguish after forgetting the passwords to the wallets, leaving their fortunes out of reach.