What do you do when you've thrown half a billion dollars worth of crypto in the trash?
his city government for permission to peruse the contents of the local dump. 39-year-old Newport resident James Howells has been desperately asking to do this because, in 2013, he accidentally threw a hard drive containing 7,500 Bitcoin in the trash. Due to the cryptocurrency’s rise in value over the past ten years, those assets would be worth more than half a billion dollars today.
Now, in an effort to compel the local government to carry out his wishes, Howell has sued the council, asking for £495,314,800 in damages, Wales Online. The amount Howells is asking for is roughly the equivalent of what he would have made had he held onto the crypto-bearing drive. Howells told the local outlet that he doesn’t actually want that money from the council and is merely attempting to compel them to allow his excavation to go ahead.
Howells has claimed he will share a certain percentage of the profits from the hard drive with the local community, should he be able to retrieve it. In fact, Howell has made rather comical claims about the opportunity Newport’s legislators are missing out on by denying his request to scavenge the dump. “If they had spoken to me in 2013, this place would look like Las Vegas now,” Howell apparently. “Newport would look like Dubai. That’s the kind of opportunity they’ve missed.
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