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Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

fortune.com

21–30 of 31 posts

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#21
post #14
post #2

Every time I hear about this guy I picture him finding his lost treasure right as BTC goes back under $1.

haha just like the Twilight Episode of the guy who finally gets quiet to read...after a nuclear war that also breaks his reading glasses.

I loved and hated that ending. To make matters worse, as a small correction, the war didn't break his glasses. He broke them himself by bending over after sitting to read. Talk about regret.

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#22

Whilst I feel a little for his case and understand he regrets being careless with the key, his life isn't determined by the cash. Is this the best use for your finite time on earth?

He is the est example of a person consumed by an idea. It is pretty sad. He cannot let it go.

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#23
post #10

My heart genuinely goes out to him. Not merely for losing the bitcoin. The idea of trying to negotiate a search (or purchase) of the dump with the risk avoidant jobsworth council bureaucrats of a mid sized British town is spine chilling.

How did he lose the damn keys? It's kinda hard to empathize with that when everyone knows what the consequences are to (i assume) accidentally throwing a fucking single copy of your keys into the trash.

From the article:

> The whole situation started in the summer of 2013, when Howells accidentally put a laptop that contained his Bitcoin wallet (with 7,500 Bitcoin) in a black bag in the hall of his house. His partner at the time assumed the bag was filled with trash and disposed of it.

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#24

Whilst I feel a little for his case and understand he regrets being careless with the key, his life isn't determined by the cash. Is this the best use for your finite time on earth?

He is the est example of a person consumed by an idea. It is pretty sad. He cannot let it go.

I don’t know how much time he’s spent collectively on this over the last 12 years, but it’s $770M. I think he could spend a moderate amount of time on this and it would be reasonable. Me? I’d have no problem checking in on the situation like once a year. And if I was feeling confident, buying + excavating would be the best ROI decision I’d ever make

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#25
This figure's previous successes:

- seeked investors who would give him real money for a share of mythical bitcoins (if they could be found)

- unsuccessfully tried to sue a council £500m in compensation for mythical bitcoins

Current challenges:

- continues to try to get millions of dollars from "investment partners" for allegedly unearthing mythical bitcoins

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#27
post #10

My heart genuinely goes out to him. Not merely for losing the bitcoin. The idea of trying to negotiate a search (or purchase) of the dump with the risk avoidant jobsworth council bureaucrats of a mid sized British town is spine chilling.

I completely understand their desire to not let it be dug up. Where does that stop? People accidentally throw things out all the time, it's sadly a part of life.

Not many people offer them 10s or 100s of millions of pounds to do it.

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#28
post #27

Earlier quoted context omitted.

I completely understand their desire to not let it be dug up. Where does that stop? People accidentally throw things out all the time, it's sadly a part of life.

Not many people offer them 10s or 100s of millions of pounds to do it.

He doesn't have that amount of money right now. He may never have it. They are taking a massive risk at a great expense to themselves. He may never find the hard drive, it may be unreadable, his memory maybe incorrect and he doesn't have the key on there, and so on. The council would be taking a pointless risk.

Re: Man who threw away $750M in Bitcoin wants to buy the dump where it's buried

#29
post #27

Earlier quoted context omitted.

Not many people offer them 10s or 100s of millions of pounds to do it.

He doesn't have that amount of money right now. He may never have it. They are taking a massive risk at a great expense to themselves. He may never find the hard drive, it may be unreadable, his memory maybe incorrect and he doesn't have the key on there, and so on. The council would be taking a pointless risk.

There are people who will put up the money to the council in return for a large percentage of the money if it's recovered.
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