sooly on Nostr: ⭕ A $750M Bitcoin is now owned by a Welsh landfill! James Howells’ tragic ...
⭕ A $750M Bitcoin is now owned by a Welsh landfill!
James Howells’ tragic mistake: a hard drive discarded in 2013, is now a $750M monument to the risks of #bitcoin custody. With 8,000 #BTC trapped under 110K tonnes of waste in a Welsh landfill, courts ruled it’s untouchable.
The twist? He still owns the Bitcoin, but the hard drive belongs to the council. Ownership without access. Welcome to the digital property paradox on a fiat standard.
🟠 As Bitcoin nears $100K, Howells’ story is a chilling reminder: CUSTODY IS KING.
#BitcoinEducation
James Howells’ tragic mistake: a hard drive discarded in 2013, is now a $750M monument to the risks of #bitcoin custody. With 8,000 #BTC trapped under 110K tonnes of waste in a Welsh landfill, courts ruled it’s untouchable.
The twist? He still owns the Bitcoin, but the hard drive belongs to the council. Ownership without access. Welcome to the digital property paradox on a fiat standard.
🟠 As Bitcoin nears $100K, Howells’ story is a chilling reminder: CUSTODY IS KING.
#BitcoinEducation