Summary:
James Howells sues local council for $647 million over lost hard drive containing 8,000 BTC.
Accidental disposal of the hard drive occurred in 2013; Bitcoin's value has significantly increased since then.
Howells has been seeking permission to excavate the landfill for over a decade.
The council cites environmental concerns as the reason for rejecting excavation proposals.
Howells estimates an 80 percent chance of recovering the coins if the excavation is approved.
The Bitcoin Landfill Lawsuit
A man from the UK named James Howells is making headlines by suing his local council for $647 million in an attempt to recover a hard drive containing 8,000 BTC. This extraordinary legal battle stems from a tragic mistake made back in 2013, when Howells' then-partner accidentally threw out the hard drive along with other garbage. At that time, Bitcoin was worth less than £1 million, but the value of those coins has skyrocketed since then.
The Ongoing Fight for Recovery
Howells has been trying to persuade his local government to allow him to excavate the landfill for over a decade. Despite his repeated requests, the council has largely ignored him. Determined to find the hard drive, he has even organized an excavation team prepared to sift through 100 tons of garbage.
The Council's Position
Should the hard drive be recovered, Howells estimates an 80 percent chance that the coins can be retrieved. To sweeten the deal, he has offered the council 10% of the recovered Bitcoin, which amounts to about $65 million. However, the council has firmly rejected his proposal, citing environmental concerns. A council spokesperson stated that excavating the site is not possible under their environmental permit and would have a significant negative impact on the surrounding area.
The Cost and Timeline of Excavation
The proposed excavation would cost $13 million and take between 18 to 36 months, plus an additional year for restoration. Howells insists that the council would not incur any expenses, and he would still share a portion of the Bitcoin if successful. In interviews, Howells has expressed that the lawsuit is more about leveraging the council into agreeing to the excavation rather than a primary goal.
Despite his efforts, the council has shown little interest in engaging with his proposal, leaving Howells in a precarious position as he fights for what he believes is rightfully his.
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