Bitcoin: Newport man's plea to find £210m hard drive in tip | Hacker News Reader

Bitcoin: Newport man's plea to find £210m hard drive in tip

bbc.co.uk

11 pointsspzb10 comments

BTC price goes up and this storry apears again and again. All I can say this guy pretends to be cool. His bitcoins at dump. Oh Yeah Man, right so cool. If you want to be famous you have to make up something like "I could use money in fight with covid-19". Sure that hard drive in a time capsule not getting rusty waterproof and can hold from -20°C to +56°C

"Man spends £210 million on lesson about backups" isn't such a good headline.

The man did not spend this sum. Rather, the £210 million are opportunity cost, which the man paid.

That's even worse of a headline

>Sure that hard drive in a time capsule not getting rusty waterproof and can hold from -20°C to +56°C

Better to engrave/stamp it into a metal plate, that way there's no chance of mechanical issues (hard drive randomly failing) and there's even better environmental resistance.

"Mr Howells bought the bitcoins for almost nothing in 2009"

He's lost the currency value of "almost nothing", not millions. Otherwise, I've also "lost millions" because I forgot to buy APPL 20yrs ago.

Not to mention no one has a mental toughness to hold through every huge rally and dumps over the past 12 years and you'd be losing quite a bit of that anyway.

Exactly this. People assume I own a private island somewhere because I've been at my publicly-traded company for 20yrs and have the accumulated wealth from all that stock growth.

But when the stock first grew, we all sold b/c it was worth a lot back then. Then it grew again and we sold more. And again and again.

The only people still holding original stock were those who didn't need it (e.g. already wealthy), and were willing to gamble on continued growth, because they could afford to watch the stock drop in value and not miss it.

Sounds oddly like Russ Hanneman from TV show Silicon Valley. Wonder if they got the story from this.

Guy throws away stick with hundred million on it and goes to the tip to find it.

"That's not a thumb drive, that's a thumb! Put it back!"

Smigel!

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