Wales Court Bars Man From Recovering $770 Million
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin from
Landfill
James Howells, a Welsh IT engineer from Newport who lost his Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin hard
drive in a landfill in 2013, lost his legal battle today to access the site to
recover the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
The hard drive, which held 8,000 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin mined in 2009, is now worth over $770
million. The judge dismissed the case, citing “no realistic prospect” of
succeeding at a full trial.
A Series of Unfortunate Events
In 2013, Howells’ partner accidentally disposed of a laptop hard drive
containing 8,000 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in a landfill in Newport, Wales.
Recognizing the potential value of the lost Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin , Howells attempted to
recover the hard drive by proposing an excavation of the landfill. In doing
so, Howells offered to fund the excavation process and share 25% of the
recovered Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin with the city council.
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However, the Newport City Council denied his request, citing the
excavation s significant costs and potential environmental impact.
Howells would keep trying for over a decade while the council repeatedly
rejected his requests.
Today, Judge Keyser, the Circuit Commercial Judge for Wales, has dismissed
James Howells lawsuit seeking permission to excavate the Newport
landfill to search for the hard drive.
In his ruling, Judge Keyser stated that Howells had no reasonable
grounds for bringing the claim and that there was no realistic
prospect of success if the case proceeded to a full trial.
A Reminder: The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Pizza Day Story
Howells’ misfortune is reminiscent of the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Pizza Day story. In May
2012, a programmer• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование
• Информационные технологии » Информатика » Программирование
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование named Laszlo Hanyecz bought two pizzas from his local pizza
vendor, Papa John’s. Instead of using cash or• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Дизъюнкция
• Информационные технологии » Информатика » Программирование » Дизъюнкция
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Дизъюнкция credit cards, Hanyecz decided to
pay using Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
Hanyecz ended up paying 10,000 BTC for both pizzas, which were valued at $41
at the time. He also had no idea that his pizza order would go down in history
as the first recorded real-world BTC transaction.
“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so
I have some left over for the next day,” Laszlo Hanyecz posted on the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Talk forum.
The first-ever transaction made using Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin would be worth over $708 million
today. When Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin surpassed the $100,000 mark in early December, those two
pizzas would ve been worth over one billion dollars.
On the one hand, Howells and Hanyecz’s stories will be remembered as shocking
misfortunes in the history of digital assets. On the other hand, they
represent how much Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has grown since its inception in 2009.
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