‘What Happens To Lost Bitcoins?’ – ‘ReadWrite’
The latest post on ‘ReadWrite’ is titled “What Happens To Lost Bitcoins?”.
Lauren Orsini says, “James Howells of Wales is one of the Bitcoin community’s most tragic figures.
Last June, Howells inadvertently tossed a hard drive containing 7,500 bitcoins, which he had mined back when they were worth very little. Now that a bitcoin is worth somewhere around $1000, that drive has an estimated worth of $7.5 million. But unfortunately for Howells, an IT worker, city workers say it’s too late for him to recover the drive from the dump.
The sum at stake in Howells’ case brought him lots of attention, but he’s certainly not the only person to lose track of his bitcoins. Outside of anecdotal evidence, however, there’s really no way of knowing how many people have similar tales—or how much they’ve lost“.
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