this post was submitted on 19 Nov 2024
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Summary

James Howells lost 8,000 Bitcoins worth over £500 million when he accidentally threw away a hard drive containing his private key.

He has been trying to retrieve the hard drive from a Newport landfill for over a decade, but the council has refused to allow him access.

Howells is now suing the council for £495 million in damages.

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[–] GhiLA@sh.itjust.works 3 points 1 week ago

Yes and no.

The ETF changed the dynamics of BTC a little.

Now there's an introductory price for Bitcoin once it hit the stock market, and there's interest and reason for holders to not want it to go lower than that price. $55k thereabouts is when the ETF began.

Also, people are using Bitcoin like an index fund. They get paid, they invest. Every paycheck.

It's an odd thing to watch. I don't see another huge crash, but I don't see miracles, either. BTC has no use as a fast method of payment. Store-of-value is all it has.