Summary

James Howells lost 8,000 Bitcoins worth over £500 million when he accidentally threw away a hard drive containing his private key.

He has been trying to retrieve the hard drive from a Newport landfill for over a decade, but the council has refused to allow him access.

Howells is now suing the council for £495 million in damages.

  • Harrk@lemmy.world
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    16 minutes ago

    I pity the guy somewhat. It would be absolute gut wrenching knowing you’ve lost a life changing amount of money. But this reeks of desperation and taking out your anger on somebody else for your own mistake. Now he’s suing the council after failing to bribe them with something that may or may not be recoverable. And if successful, lines his own pockets at the expense of his community’s.

    Accept the expensive life lesson for what it is and move on… It sucks but it’s your own flaming fault and nobody owes you a thing.

    • prettybunnys@sh.itjust.works
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      1 hour ago

      My ex wife’s mother in law threw out a box of my stuff with a thumb drive containing about 300 bitcoin.

      At the time it was only a couple hundred bucks I was out.

      I chuckle at her burning in hell from time to time

  • Voroxpete@sh.itjust.works
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    8 hours ago

    With headlines like this, it’s always important to keep in mind that bitcoin is such a thinly traded (and largely artificial) market that actually trying to sell 8,000 Btc for real dollars/pounds would instantly and catastrophically crash the price.

    • tired_n_bored@lemmy.world
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      7 hours ago

      I agree with everything you said but 8000 bitcoin won’t move the price much. We’ve seen management firms buying hundreds of millions worth of bitcoins

      • Voroxpete@sh.itjust.works
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        7 hours ago

        Different dynamics. Buys require sellers, of which there are a fair amount (though few enough still that large purchases absolutely do shift the price significantly; we’ve seen multiple instances of Tether bringing the price up by 20% or more for the cost of billion newly minted USDT). Sells require buyers, which are in very short supply.

  • ALiteralCabbage@feddit.uk
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    8 hours ago

    “Accidentally threw it away” really sounds more like “threw it away, didn’t have a backup, he now regrets throwing it away”.

    Dread to think what his solicitor is making by allowing this delusion to continue (unless he’s representing himself in which case…fair enough I suppose). I’ve been reading about this man for years it seems like.

  • ramble81@lemm.ee
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    7 hours ago

    Something to note is the level of environmental damage attempting to recover this could cause. It’s not worth a “chance” for causing that damage.

  • Infernal_pizza@lemmy.world
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    9 hours ago

    I’ve heard about this guy before but I didn’t realise it was already worth so much at the time he lost it. I do feel sorry for him as it must suck to know you lost that much money from a simple mistake