IT guy loses $7.5 Million in bitcoins

BBC News - James Howells searches for hard drive with £4m-worth of bitcoins stored

I'm not a fan of these bitcoin things but I'd hate to lose that much! and then to comb over a landfill looking for a hard drive which you hope has those missing bitcoins. This just made me feel doubly sorry for the guy...

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Comments

antielvis

The weak point with Bitcoin is the whole wallet process. You can use a blockchain or create your own wallet. Loose the paper you printed it on and you're toast. I think this is a fundamental issue with bitcoin; the lack of a recovery process.

I find this currency fascinating. I'm starting to see some legit companies accept it including a university. It would be nice to break free from the whole "Banking Cartel" thing.

Roguetadhg

At least he didn't Lose it, as going bankrupt. The thing about anything's worth, you need to find someone willing to pay X amount for it.

jibbajabba

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Was thinking about it. Whilst it might be worth that much, it's not like you can buy a house from it and $7.5M is not easily spend online using Bitcoin (unless you find buyers paying less than the actual value).