Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out

[MULTIZ321]

Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out.

Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out

A British man who accidentally threw out a hard drive with a trove of bitcoin wants local city officials to let him search for it in a landfill site.

www.cnbc.com

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Richard

 

[BJRSanDiego]

I googled it and the average life of a hard drive is 3-5 years. I can't for the life of me understand why a person would risk losing $300 million on something that could disappear in a blink of an eye. I wonder if it is possible to store the key on multiple hard drives, on paper, or in the cloud?

Something that seemed strange is how an IT person would have $300 million... I'm surprised that they didn't move at least a substantial portion out of bitcoin. After all, there is a lot of advice that investors need to diversify and shouldn't own a lot of company stock or stock in any one company.

Early on, when I was starting to invest I made a set of rules and it included (1) no more than 10% of assets in one stock and no less than 10 investments. Rationale? I didn't want to risk losing 10% of my assets if one went south.

 

[am1]

Not worth that when the hard drive was thrown away. Just wow.

 

[RX8]

That is why I put the password to my 6,000 bitcoins in my safety deposit box.

 

[TUGBrian]

saw a story of another guy who has thousands of bitcoins in an encrypted wallet he cant remember or obtain the password for. apparently he has two more guesses to log in and the wallet will be frozen for good and unrecoverable!

 

[Brett]

bitcoin owners get 10 password attempts ... then poof, it's gone

https://www.business-standard.com/a...bitcoin-worth-240-million-121011400070_1.html

 

[Gypsy65]

This story just seems to be fake

Wouldn’t you and especially as an IT guy double check something like that?
I know it was t worth much when he tossed it out but you would still check

And would he again especially as an IT guy want to destroy the item so any other personal information wasn’t accessible if found?

 

[simpsontruckdriver]

Assuming this happened (thrown out) in 2013, that hard drive is buried in feet of rotting trash. Even if someone finds it, the drive is dead. The case for the drive is most likely crushed, any metal in it will be rusted/corroded, and the platter (drive itself) is damaged beyond repair.

TS

 

[am1]

Maybe in some way they will feel better when it goes to 0.