#UK court halts treasure hunt plan#
Hot Topic Overview
Overview
A UK court has halted a plan to search a landfill for $750 million worth of Bitcoin. The plan was initiated by James Howells, an IT engineer from Newport, Wales, who hoped to recover $735 million worth of Bitcoin from the landfill where he accidentally discarded a hard drive in 2013. However, UK judge Keyser KC dismissed his application, citing environmental risks. Newport City Council has consistently refused access to the landfill, and the judge deemed the case to have "no realistic prospect of success" at trial. Howells mined the Bitcoin in 2009 when it cost only a few cents to mine and stored it on the hard drive that was later mistakenly discarded.
Ace Hot Topic Analysis
Analysis
A UK court has halted a plan to search a landfill for $750 million worth of Bitcoin, citing environmental risks. The plan was proposed by James Howells, an IT engineer from Newport, Wales, who hopes to find the Bitcoin, worth $735 million, in a landfill where he accidentally discarded a hard drive in 2013. However, Newport City Council has consistently refused access to the landfill, and the judge ruled that the case had "no realistic prospect of success" at trial. Howells mined the Bitcoin in 2009, when it cost only a few cents to mine, and stored it on the hard drive that was later mistakenly discarded. The court's ruling means Howells will be unable to recover his Bitcoin by digging through the landfill, and it also serves as a warning for similar treasure hunts, as environmental risks and legal hurdles will be major obstacles for such plans.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Environmental risks are too high, it is not worth mining landfills for Bitcoin.
The court believes that the case has no realistic chance of success.
Newport City Council refused to enter the landfill.
The cost of finding Bitcoin is too high, and the return is uncertain.