Bitcoiners are turning American economist Peter Schiff’s tweets into collector’s items, including pictures and mugs, after last week’s password crisis.

The BitcoinBitcoin community—which had gifted the Bitcoin skeptic thousands of dollars of BTC back in July 2019—was aghast to find out that he had recently lost the coins due to a password error. Schiff blamed the Bitcoin wallet he was using, before going on to criticize the Bitcoin network more broadly. It was only later that he realized he had failed to set up the wallet properly in the first place.

A representation of a Bitcoin wallet. Image: Shutterstock.

Peter Schiff admits foolish error 'cost me my Bitcoin'

Peter Schiff, CEO of Euro Pacific Capital, has solved the mystery of his lost Bitcoin. After struggling to access his wallet, he blamed the Bitcoin network for failing him. However, he has admitted that he never took care of his seed phrase—the Bitcoin  equivalent of a password. In a recent tweet, Schiff said that he never knew the (literal) password to his Bitcoin wallet, and failed to write down his recovery seed phrase. "My Bitcoin mystery is solved. I mistook my pin for my password. When Bl...

NewsBusiness
3 min read
Daniel Phillips

But between those two moments, Schiff published a number of tweets that are now being immortalized by some of the more creative members of the Bitcoin community. One such tweet, “I did not forget my password. My wallet forgot my password,” has been turned into a framed picture.

How about a commemorative mug? Liberty Mugs has created a coffee cup featuring the same tweet alongside a later one that reads, “There is zero chance I forgot my password. I used a very simply (sic) numeric password that I have used many times in the past.” They’re selling for $15.95.

Charlie Shrem, Bitcoin pioneer and host of Untold Stories, has already expressed his desire to buy one of the mugs. Several other crypto figures seem to be interested in the Schiff-branded memorabilia too, including the pseudonymous Vortex account, whose response to Schiff is also featured on the mug.

While Schiff may be $2k worse off after losing his crypto, he’s joined a prestigious list of people to have their gaffs immortalized in pottery. That’s priceless.

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