Man Who Accidentally Lost 8,000 BTC In Landfill Says He Isn’t Ditching Treasure Hunt — Here’s His New Plan
Main Idea
James Howells, who lost 8,000 BTC in a landfill, is abandoning physical recovery efforts and instead focusing on tokenizing his legal ownership of the lost Bitcoin through a DeFi-focused layer-2 network.
Key Points
1. James Howells lost access to 8,000 BTC in 2013 when his hard drive was accidentally thrown away by his then-girlfriend.
2. Howells' repeated requests to excavate the landfill were denied by the regional council, despite the BTC now being worth around $914 million.
3. He is now shifting his strategy to tokenize his legal ownership of the lost BTC through a DeFi-focused layer-2 network called Ceiniog.
4. Howells believes the landfill can serve as a symbolic vault, eliminating the need for physical recovery of the hard drive.
5. The value of the lost BTC is approximately $914 million at current market prices.
Description
Twelve years after accidentally throwing away a hard drive containing 8,000 Bitcoin (BTC), James Howells said he is abandoning his long-running effort to excavate it from a Welsh landfill. Still, he insisted that he hadn’t given up on his lost BTC fortune. Howell is now shifting his focus from physical recovery to tokenizing his legal
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