Crypto Collapse: Frittering Away Bitcoin, Accused of Bribery, and Now Pursuing a Garbage Dump Purchase
Man's Determined Quest to Retrieve Lost Bitcoin Fortune
A British national named James Howells is on a mission to recover a hard drive that he believes contains a fortune in Bitcoins. The hard drive, lost in 2013, is believed to be buried in a landfill site in Newport, Wales.
Howells' investment in cryptoassets was not fully regulated at the time, and the high volatility and risk associated with it make it unsuitable for retail investors. Despite this, Howells has calculated the value of the Bitcoins on his hard drive to be a staggering 700 million euros.
Since 2013, Howells has been denied permission by the authorities to search the landfill. The Welsh government has stated that the city council cannot sell a landfill, and exhuming something from a landfill for over ten years is considered dangerous for public health.
Howells has offered a percentage of the Bitcoins stored on his hard drive as a reward for the authorities to allow him to search the landfill, but this was considered a bribe. He has also offered to buy the landfill to exhume his hard drive, but the authorities refuse due to sanitary regulations and the accumulation of trash over time.
In 2017, Howells filed a lawsuit against the city council of Newport, claiming they have not given him the opportunity to search for his hard drive. The lawsuit was unsuccessful, and Howells has since launched a campaign to have his petition accepted.
A team of 'treasure hunters' is accompanying Howells, and many volunteers have joined his cause, offering to dig up the treasure. Howells has promised to pay his team and offer an extra reward for retrieving his hard drive. He has also promised to cover all necessary expenses and work to exhume his hard drive.
Despite the setbacks, Howells remains determined to recover his hard drive. He is convinced that his quest is not just about the money but also about the principle of being able to retrieve his lost assets. The value of Bitcoin has significantly increased since Howells lost his hard drive, adding to the urgency of his mission.
However, as of now, there are no relevant search results about any offers Howells has made to the city of Newport to search for his hard drive. The authorities continue to maintain their stance, and Howells' quest to recover his lost fortune remains an ongoing saga.
Read also:
- Unveiling the Less-Discussed Disadvantages of Buds - Revealing the Silent Story
- Grid Risk Evaluation Strategy By NERC Outlined, Focusing on Potential Threats from Data Centers
- Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
- The Virtual Commissioning Market is projected to exceed $4.86 billion by the year 2034.
