#UK court halts treasure hunt plan#
Hot Topic Overview
Overview
A UK court has rejected an IT engineer's application to search a landfill for $735 million worth of Bitcoin. James Howells accidentally discarded the hard drive containing the Bitcoin in 2013 and has been trying to persuade Newport City Council to allow him access to the landfill to dig for it. However, the judge ruled that the plan posed environmental risks and had "no realistic prospect of success" at trial, thus rejecting the application.
Ace Hot Topic Analysis
Analysis
A UK court has halted a plan to search a landfill for $750 million worth of Bitcoin, citing environmental risks. The plan was proposed by James Howells, an IT engineer from Newport, Wales, who accidentally discarded a hard drive containing $735 million worth of Bitcoin in 2013. Howells has been trying to persuade Newport City Council to allow him access to the landfill to search for the hard drive, but the council has consistently refused, arguing that it would cause irreversible damage to the environment. UK judge Keyser KC dismissed Howells' application, finding that the case had "no realistic prospect of success" at trial. The judge argued that even if Howells found the hard drive, there was no guarantee that it would still be functional, and that digging up the landfill would cause significant environmental pollution, making it not worth the effort.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Finding a Bitcoin hard drive poses environmental risks, the court believes the case has no realistic chance of success.
Newport City Council refused to enter the landfill to search, citing environmental risks.
James Howells attempted to recover a $7.35 billion Bitcoin hard drive, but was rejected by the court.
The hard drive was accidentally discarded in the Newport landfill in 2013, when Bitcoin mining cost only a few cents.