James Howells is pursuing legal action against Newport City Council to compel them to allow him to excavate a landfill for a hard drive he believes contains 8,000 Bitcoins, despite the council's previous objections regarding cost and environmental concerns.
The council has previously rejected Howells' requests for excavation due to the potential financial burden and significant environmental impact, stating that the costs of digging up the landfill could reach millions of pounds without any guaranteed results.
While the fluctuating cryptocurrency market presents challenges, Howells argues that the value of his lost Bitcoins is substantial and has filed a lawsuit for over £495 million, not to financially cripple the council but to provoke action on his excavation request.
Despite the decline of cryptocurrency exchanges, Howells estimates the valuation of his Bitcoins could be upwards of $503 million today, raising questions about the value of lost digital assets and the council's responsibility.
Collection
[
|
...
]