Bitcoin man sues Newport council over '£600m fortune lost in tip' - BBC News

Yeah, buddy. I lost a bitcoin on an old hard drive too. That's like, where most bitcoin are. So what?

That's like saying that you thought about investing in Apple in 1995 but forgot to actually call a broker. Nobody cares that someone gave you a free bitcoin when they first came out.

I hope "Bitcoin Man" will have to pay dearly as compensation for the council's time he wasted.

"Bitcoin man" is the new "Florida man".

the man must be consumed by the idea of that harddrive

Let's just consider what a decade in a landfill will do to a hard drive.

It's not just a big pile of trash you could rummage through, according to the site manager

things that were sent to landfill three or four months ago could be three to five feet deep

So there is a good deal of waste on top eleven years later, which means

1. the layers get compacted, things break, under the weight and pressure of heavy machinery crisscrossing the site.
2. other waste gradually dissolves into who knows what kinds of chemicals. I can't tell what kinds of waste exactly is deposited there, but clearly electronic parts among others.

We're talking about a hard drive that was removed from the computer, so it only has a thin aluminium casing for protection. Chances are it's crushed beyond recoverability.

Also, in 2013, this would have been a mechanical drive. Even in optimal circumstances, there are a bunch of ways they can fail, leading to data loss.

The spinning disk inside the casing is fairly fragile. One scratch on its surface could render it unreadable, as would, say, spilling a sugary drink into it, which our unfortunate bitcoiner already did. Now imagine the drive buried in an environment full of debris and potentially corrosive chemicals.

TL;DR — At this point, even if a major excavation was undertaken and the drive was located, there is barely a chance that any data would be retrievable from it.

It's dead, Jim. Bitcoin man is chasing a dream long past its sell-by date.

He's still at it?

Mr Armstrong said the court must be "very, very wary of causing a grave injustice to Mr Howells" by refusing to allow the case to go to a full trial.

"We seek, plainly and candidly, a declaration of rights over the ownership of the Bitcoin," Mr Armstrong said.

As I've commented before, I expect that what a court would find is that Howells owns the Bitcoin, but that this is a different question from whether he owns the drive on which the numbers necessary to access the Bitcoin are stored.

The previous example I gave was that of a piece of paper on which a bank account password was written. It seems very unlikely to me that a court would find that ownership of the account contents is tied to ownership of the paper. I think that:

• It would find that throwing out a piece of paper containing the account password does not transfer ownership of the account's contents to the landfill.

• But also, that simply having accidentally put something in the trash doesn't create special ownership rights for me. Nor does having written something on the paper. I cannot compel the landfill to let me go search the landfill for that paper simply because I own the contents of that account.

This is far from the first time that people have regretted accidentally throwing something out after the fact. If one is going to simply claim that the fact that the discarding was inadvertent means that a landfill must let someone go pick through the landfill, I suspect that landfill operation would become impractical. What's unusual about this case is just the high value of the thing that was accidentally thrown out. And I'm dubious that courts are going to decide that someone has the right to compel searching a landfill based just on the value of something accidentally thrown out.

I'd guess that a more-common scenario is someone owning intellectual property and accidentally throwing out the only physical copy of that intellectual property, like a recording of music that they made. Their intellectual property rights will not be transferred to a landfill or terminate merely because they threw out the only physical copy of a recording of that intellectual property. Throwing it out may make it difficult to actually make use of those intellectual property rights, but they still have those rights. Demonstrating that they have those rights isn't going to mean that they own the storage media on which the recording lives, however.

All my bitcoins gone