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  • Man loses £4m Bitcoin fortune, chucks out digital wallet



    A computer hard drive holding a Bitcoin virtual fortune of £4m has been buried under tons of rubbish after its owner accidentally threw it away.

    The hard drive, languishing on a landfill site, has on it a digital wallet containing 7,500 Bitcoins – an online virtual currency.

    The Bitcoins were worth almost nothing when they were created – but the cryptocurrency’s value has since soared.

    James Howells bought and stored them on his laptop in 2009. However, a year later he spilled lemonade on the computer, which he then dismantled to salvage some of the parts.

    He placed the hard drive in a drawer and completely forgot about it until he had a clear-out this summer.

    It was with horror he realised last week that the cryptographic ‘private key’ needed to access and spend the Bitcoins was on the lost hard drive.

    Mr Howells, who works in IT, told the Guardian: ‘You know when you put something in the bin, and in your head, say to yourself “that’s a bad idea”? I really did have that.

    ‘I don’t have an exact date, the only time period I can give – and I’ve been racking my own brains – is between 20 June and 10 August. Probably mid-July.’

    Mr Howells, who didn’t back up the hard drive, has given up the search but Docksway landfill site, near Newport in Wales, is preparing itself for an army of virtual treasure hunters.
    http://metro.co.uk/2013/11/28/man-loses ... e-4205600/

    More here:

    http://www.bbc.co.uk/news/uk-wales-sout ... s-25134289
    | Ciara | Beyoncé | Janet | Toni | Kelly R | Leona | Tinashe | Whitney | Brandy | Monica | Tevin | Mariah | Britney | Tamia |

  • #2
    Re: Man loses £4m Bitcoin fortune, chucks out digital wallet

    Dafuq
    My topic bumped for this?
    | Ciara | Beyoncé | Janet | Toni | Kelly R | Leona | Tinashe | Whitney | Brandy | Monica | Tevin | Mariah | Britney | Tamia |

    Comment


    • #3
      Re: Man loses £4m Bitcoin fortune, chucks out digital wallet

      I've reported that person but was ignored.
      I am the maniac, I am the ghoul
      I'm in the shadows in the corners of my room

      Comment


      • #4
        Originally posted by Guru
        Dafuq
        My topic bumped for this?
        A topic that was literally a dust bowl...
        Originally posted by SummerPeur
        Time stops for the Kween everytime WBT is performed.
        Originally posted by Goldmoney
        So does her microphone

        Comment


        • #5
          Originally posted by SummerPeur
          Originally posted by Guru
          Dafuq
          My topic bumped for this?
          A topic that was literally a dust bowl...

          Again
          | Ciara | Beyoncé | Janet | Toni | Kelly R | Leona | Tinashe | Whitney | Brandy | Monica | Tevin | Mariah | Britney | Tamia |

          Comment


          • #6
            Originally posted by Guru


            A computer hard drive holding a Bitcoin virtual fortune of £4m has been buried under tons of rubbish after its owner accidentally threw it away.

            The hard drive, languishing on a landfill site, has on it a digital wallet containing 7,500 Bitcoins – an online virtual currency.

            The Bitcoins were worth almost nothing when they were created – but the cryptocurrency’s value has since soared.

            James Howells bought and stored them on his laptop in 2009. However, a year later he spilled lemonade on the computer, which he then dismantled to salvage some of the parts.

            He placed the hard drive in a drawer and completely forgot about it until he had a clear-out this summer.

            It was with horror he realised last week that the cryptographic ‘private key’ needed to access and spend the Bitcoins was on the lost hard drive.

            Mr Howells, who works in IT, told the Guardian: ‘You know when you put something in the bin, and in your head, say to yourself “that’s a bad idea”? I really did have that.

            ‘I don’t have an exact date, the only time period I can give – and I’ve been racking my own brains – is between 20 June and 10 August. Probably mid-July.’

            Mr Howells, who didn’t back up the hard drive while online trading, has given up the search but Docksway landfill site, near Newport in Wales, is preparing itself for an army of virtual treasure hunters.
            http://metro.co.uk/2013/11/28/man-loses ... e-4205600/

            More here:

            http://www.bbc.co.uk/news/uk-wales-sout ... s-25134289
            Isn't this the reason why cryptocurrency is so risky. It is highly volatile with no inherent value. It can be easily hacked into though it has crypto, because this attracts hackers and there have been cases where the accounts have been hacked into and companies have lost their money. There is no government back up hence I feel we should get some safety net so that we can invest in it. It is a lucrative investment but it seems similar to gambling with no security. And the story given is pretty nerve-wrecking.

            Comment


            • #7
              As DJ Khaled would say “AND ANOTHER ONE”
              | Ciara | Beyoncé | Janet | Toni | Kelly R | Leona | Tinashe | Whitney | Brandy | Monica | Tevin | Mariah | Britney | Tamia |

              Comment


              • #8
                Cryptocurrency has no social value in its current form. It is purely a speculation tool.

                Comment


                • #9
                  In 2010, my friend suggested I buy bitcoins for 100$ I could buy 1250 bitcoins and I refused now it is 12 million dollars. I really regret it now!
                  Last edited by Izya_Hofman; Fri September 20th, 2019, 11:56.
                  Celebrity Wikipedia

                  Comment


                  • #10
                    Locked as it keeps attracting spammers.

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