My favourite part from this story covered on another site was
Howells says that if only the council had entertained his excavation requests, “Newport would look like Dubai.” Currently, it still looks like Newport.
I remember hearing about this guy years ago. He probably is now devoting 10 (?) years of his life (I did not look it up) searching for his lost bitcoin, but I have got the feeling, that he will never find them.
But boy, if he does…
This is such a monkeys paw. You have a drive with $500 million USD of Bitcoin, but the drive is somewhere in the local landfill.
Such a curse, I can’t imagine the regret they feel every day getting up for work.
After 10 years though, isn’t it just gone/destroyed? Rain/corrosion would have destroyed the drive by now.
It’s already corroded from the factory…hard drive platters use iron oxide. Can’t rust rust. The mechanical bits may be trashed but the platter can most likely still be read with specialized recovery equipment.
Who could you even trust to send the drive to? Anyone who could read it could take the money and just claim it couldn’t be recovered.
I mean, companies exist specifically to do this for other big companies, I’m sure there are security procedures, background checks, NDAs and everything that needs to go with that.
Data recovery specialists exist, and nobody would pay for them if the data they were recovering wasn’t, you know, valuable enough to pay a specialist to maybe retrieve it. They probably deal with multimillion dollar industrial/financial/business secrets all the time, and do it discreetly, or else their business wouldn’t even exist.
If he had kept his seed phrase for his wallet, he would be able to recover the funds to a new hard drive. This was very common advice if you did a little bit of research before purchasing btc. I can’t judge too much though as I ignored a dogecoin wallet when they were worthless but 500,000 doge suddenly felt less worthless once doge pushed past 5-10 cents, but by that time, my wallet was gone and I had lost my seed.
200k Doge, all gone, would have been a nice gift when it hit 50 cents…
Fun Doge tidbit, it gets criticized for having no limit to the supply (new ones keep getting added to the supply) but if Dogrcoins replaced US dollars less new dollars would be created every year than in the current system!
Id have had 100k if i sold at 20 cents. And that doesnt even factor in the thousands of doge i gambled away on pokershibes, a dogecoin poker site.
He may have bought them before hierarchical deterministic wallets were invented.
I have a friend in NY who lost a thumb drive with bitcoin on it in 2011. Every year or two he goes a little nuts and searches his entire apartment for it, but obviously has never found it. I think he threw it away and doesn’t remember, but the exercise of searching helps him exorcise the demons.
I put about 10% of my investment portfolio in bitcoin, personally. It’s way too volatile, at least for me, to go in big, but I can trust that every 3-4 years people are going to go insane buying it and the price will spike. If you’re already invested you can benefit.
I had a fraction of Bitcoin mined, not bought, in early years when you could do that on a desktop PC. It was so unimportant for me, that this is the first time I’ve remembered about this. I suppose it costs now enough to care, but I still don’t.
While
he goes a little nuts and searches his entire apartment for it, but obviously has never found it
happens to me with searching for childhood’s toys, old drawings, attempts at poetry. But not this.
The thing is, if he had access to his hard drive at any point in the last 10 years or so he would have sold his Bitcoin long before it was this valuable, like many, many other people who used to own Bitcoin and aren’t currently millionaires. The fact that he lost his hard drive is the only reason it’s actually worth anything.
That’s a really good point. So many of my friends who used silk road would be multimillionaires if they didn’t spend the btc.
I had a hard drive with five Bitcoin. Gave the old Gateway PC to a felon buddy who was down bad and trying to rebuild his life learning some coding way back in the mid 2010’s.
He threw the computer away for a new one. At the time it was 10,000 bitcoin for a pizza so never cared. I chuckle about it now, but it’s gone forever.
I don’t understand how you accidentally throw a drive away. I have a drawer full of old hard drives that I put in there because at some point I’m going to wipe the data off of them before disposing of them but then I never do and I just leave them in the drawer.
I don’t even think it would be legal for me to just throw it in general waste I’d have to take it to the actual depot.
they bury it in dirty diapers and then they go over it with the crazy steamroller that has spikes on the wheel to make sure everything’s nice and flat
it’s already in pieces.
And if not, probably full of trash juice.
I’m so glad I’ve spent my 2 or 3 bitcoins back in the early years for some 60€ software…
This feels similar to cyberpunk “I’ve been a corporation once, kids” stories, and something about gold rush.
Still better odds than winning the lottery!
This is the type of “buried treasure” story that kids have these days.
I just imagine a movie like The Goonies but instead of talking about a cave full their treasure, they tell stories about the “flash drive full of gold” that’s buried somewhere in the deepest reaches of the garbage dump.
“This is our time! Down here, this is our time!”
It would be so fucking funny if these bitcoins never existed and this is all one big ruse to trick crypto investors into excavating a landfill.
Even if Howells was able to somehow find the drive, it’s been sitting in a landfill for more than a decade. Still, his team of experts believe there is about an 80 percent chance that data from the drive would be recoverable.
Is this copium?
500 million justifies using some very fancy data recovery means, as long as he’s sure it’s the right drive.
Its not like i am naive to economy but i cant help but see this:
Ape spends time and energy to convinces other apes to spend time, energy and resources, potentially sacrifice some of the environment and cause hinder to the local population. To dig for a metallic object discarded a decade ago so they can with some hope extract a codestring of information which will unlock some other strings of 0 and 1 that we then collectively agree on means this person has x many digital object which we all agree on has x economic value.
And if they succeed they will al smile because this is winning.
Here is sm either more radical/normal, depending on your perspective. Take the drive that has the wallet/or make it a physical one. Place it in a museum and name it “x Bitcoins”. Value recovered and nothing was lost.
Humans are weird.
🎵Money for nothing and checks for free🎶
bitcoin is just gambling and yall dropped your lotto ticket.
Chicks, not checks, btw.
Two checks at the same time, man.
Yortuk and Georg? You cruise correctly.
For $5M you can have all the chicks that you want… I joke that my wife keeps me in check and I keep her in cash.
You’ll get payed when we find it!
Sometimes you can find scimitars in there. You can chop a camel right in its hump and drink all of its milk right off the tip of those things.
You throwing babies away?
How much egg is gonna be on his face when he finds it one day behind a cabinet drawer?
This article looks like someone “wrote” it using speech-to-text and didn’t double-check their work.
tossing a hard driving
the whole thing could be for not (instead of “the whole thing could be for naught.”)
and of course,
In a statement to Whales Online
Of course, if it turns out that whales have banded together to make their own website, I’ll stand corrected.
Well this guy would have been a whale if he’d backed up his keys.
Pretty sure he would still be a man, no matter how many keys he made.
This article is about a marine mammal. For other uses, see Whale (disambiguation).
Omg good one
Archive link: https://archive.ph/iKcYS
The new El Dorado.
Still, I’m not sure why the council are addressing their statements to “Whales Online”
Maybe more like the new Oak Island Money Pit.
In a statement to Whales Online
Ooooowwwaaaaaaaaaahhhhhhhhh
All this time he could’ve thought up another magnificent way to make money but he chose to stay in the past, longing for something probably already completely degraded, destroyed or recycled, even if it’s 500M…
How would you make 500m if you’d already beaten the house once?
