Post
Topic
Board Bitcoin Discussion
Re: Owner of 8K bitcoin lost in landfill threatens to bankrupt local council
by
philipma1957
on 22/09/2023, 02:21:03 UTC

The guy from this news is humiliated more and more, although he probably guesses that he will never get his eight thousand bitcoins back. He needs to accept this fact and start living without thinking about it, starting everything from scratch. Even if he finds this disk, but most likely the condition of the disk drive will be unsatisfactory for operation. Most likely there is an ide hdd, but even if it were sata, the disk can not only be irretrievably damaged by external influences, but if it was lying on the street, then humidity and temperatures finally finished crush this ide.

in that video he was talking about how they were going to be "giving back" with some charitable donation plan once they recovered his bitcoin. i wonder if he would be so charitable if he didn't have to though. because the more money he gives away the more people would maybe support his ideas to dig up that hard drive...

8000 x 25,000 = 200,000,000 if it costs 4 million to search for it he needs to give the town 8,000,000 upfront and the town  turns a 4,000,000 profit zero questions asked.

He does not have that money so he needs a backer. The backer puts up the 8,000,000

if the money is found and recover the backer gets ½

I doubt he ever gets the backer and its a lost cause.