I've wondered for some time now... isn't this access issue a huge weakenss of crypto currency? Forgotten or 'lost' fiat money will turn up at some point but more keys to bitcoin and the like will get lost over time, reducing the overall amount.
I have no clue how any of that stuff works rofl... But reading a small article it looks like he's only offered the city 25% of the coins on this HDD? What's stopping the city from telling the dude to sod off and they take over the recovery of this drive for 100% of it. Since it was originally thrown out no court will judge that he's still the legal owner of the drive imo...I'm sure you're a great IT worker, but this makes no sense. Anyone who wants to can see easily exactly how much bitcoin is or isn't still in the wallet - that's the entire point of blockchain. The keys are needed to do anything with it.
When it comes to crypto, it's pretty far down on the list of many many many issues crypto has.I've wondered for some time now... isn't this access issue a huge weakenss of crypto currency? Forgotten or 'lost' fiat money will turn up at some point but more keys to crypto will get lost over time, reducing the overall amount.
I don't understand why the city council is so opposed to this. Just name a price and be done with it. If someone really wants to dig through trash and is willing to accept costs and liability for doing so go for it.
How does he know someone else hasn't already found the hard drive. I mean there is $176 million in it… used to be almost half a billion. That's a lot of motivation!
I'm pretty sure some data would still be recoverable, he probably only needs a few sectors to be good. It would be extra funny if he actually found the drive but could only recover parts of his pron folder but the key had been permanently damaged.Assuming that its still even there in one piece, would the drive even work or be recoverable after nearly a decade of being exposed to whatever hazardous material is caked up in while under the elements?
Like that $150,000,000 pizza guy.He's actually lucky he threw it away. IMO if he hadn't thrown it away he probably would have sold it for a lot less long before Bitcoin really blew up.
tbh I think I would have rather sold the bitcoins. At least then you have closure. This dude has been searching for his missing millions for nearly a decade already and I don't think he's ever going to recover his wallet. It's just going to keep eating away at him forever.He's actually lucky he threw it away. IMO if he hadn't thrown it away he probably would have sold it for a lot less long before Bitcoin really blew up.
Soaked in bin juice
Yeah I actually feel kinda bad for this guy. I've been eaten up by losing small things, can't imagine what losing hundreds of millions would feel like. I'd probably be doing similar things to find it.tbh I think I would have rather sold the bitcoins. At least then you have closure. This dude has been searching for his missing millions for nearly a decade already and I don't think he's ever going to recover his wallet. It's just going to keep eating away at him forever.
It's the environmental impact. The landfill has been covered with dirt and grass. Digging up and sifting through the trash would kick up all sorts of hazardous stuff into the surrounding area.
I've wondered for some time now... isn't this access issue a huge weakenss of crypto currency? Forgotten or 'lost' fiat money will turn up at some point but more keys to bitcoin and the like will get lost over time, reducing the overall amount.
LOL I thought i was weird like that, I was even thinking of buying something to see if they were still had anything on them.How does one throw away the wrong hard drive? Like, maybe I'm forgetting what a hard drive is all of a sudden, but it's kind of an important thing? Did he toss it on trash day and then by time he went inside and turned on his PC he discovered he'd… put the bad hard drive back into the computer and threw the wrong one out? Was he building a new one and didn't test it all first?
Like, I have all my hard drives going back 15-20 years I think.
It's a "feature". Lost Bitcoin is Bitcoin that can't be sold, thus driving down supply which in turn drives up prices. Forced hodling.I've wondered for some time now... isn't this access issue a huge weakenss of crypto currency? Forgotten or 'lost' fiat money will turn up at some point but more keys to bitcoin and the like will get lost over time, reducing the overall amount.
So how many harddrives are in a given landfill? Does he know exactly what it looks like? And what kind of forgotten crimes will be uncovered by restoring every harddrive they come across?
How does one throw away the wrong hard drive? Like, maybe I'm forgetting what a hard drive is all of a sudden, but it's kind of an important thing? Did he toss it on trash day and then by time he went inside and turned on his PC he discovered he'd… put the bad hard drive back into the computer and threw the wrong one out? Was he building a new one and didn't test it all first?
Like, I have all my hard drives going back 15-20 years I think.
His proposal would require them to dig through 110,000 tons of trash over three years.
Bin Juicerothe bitcoin "proponent" has already reportedly secured funding from two Euro-based venture capitalists Hanspeter Jaberg and Karl Wendeborn
Tres comas no more.