| Bitcoin in landfill 13:28 - Feb 10 with 8342 views | Zx1988 |
https://www.bbc.co.uk/news/articles/cj3eg3n11gvo
I appreciate that £600m is a heck of a lot of money, and he's probably being goaded on by the 'investors' standing behind him, but I think this chap just needs to write it off as a lost cause and a life lesson now.
Even my fairly basic A-Level law taught me that rubbish becomes the property of the council/refuse company once disposed of, so his claim was always bound to fail. I hate to think how much public time and money has been wasted by the local council having to fight his spurious legal claims.
Even if he does find them, I don't hold out much hope for the hard drives after having marinated in bin juice for goodness knows how long. |  |
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| Bitcoin in landfill on 15:33 - Feb 10 with 1734 views | BlueBadger |
| Bitcoin in landfill on 15:30 - Feb 10 by J2BLUE |
I wish I could be scammed like that.
Some very big investment banks/funds have bought Bitcoin. Not saying that definitely means it's good but there must be some sort of appeal.
I own a little (a tiny fraction of one bitcoin) |
People at the top of pyramid scams do tend to do well out of them, yes. |  |
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| Bitcoin in landfill on 15:35 - Feb 10 with 1733 views | Bluecoin |
| Bitcoin in landfill on 15:31 - Feb 10 by yorkshireblue |
A former colleague I sat next to invested £68,000 in BTC years ago. His sister worked for the same company and confirmed it - it was inhertiance, he put it all in BTC and she put the deposit down on a house with her share. Apparently it caused lots of issues as his family were really annoyed he'd "wasted" the money...
I'm told it's worth well north of five million now and he doesn't work any longer and his family are more forgiving. |
A familiar story. But a scam according to some (who know nothing about it). |  | | |
| Bitcoin in landfill on 15:37 - Feb 10 with 1715 views | Bluecoin |
| Bitcoin in landfill on 15:33 - Feb 10 by BlueBadger |
People at the top of pyramid scams do tend to do well out of them, yes. |
What pyramid? Anyone can't buy and sell BTC?
Is that your analysis over? | | | |
| Bitcoin in landfill on 15:43 - Feb 10 with 1676 views | Bluecoin |
| Bitcoin in landfill on 15:32 - Feb 10 by BlueBadger |
You literally created an account to lie about this Elon. Don't you have better things to do? |
I do hold some DOGE coins, I must confess. Just for the fun of it. [Post edited 10 Feb 16:03]
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| Bitcoin in landfill on 15:45 - Feb 10 with 1664 views | DanTheMan |
| Bitcoin in landfill on 15:31 - Feb 10 by yorkshireblue |
A former colleague I sat next to invested £68,000 in BTC years ago. His sister worked for the same company and confirmed it - it was inhertiance, he put it all in BTC and she put the deposit down on a house with her share. Apparently it caused lots of issues as his family were really annoyed he'd "wasted" the money...
I'm told it's worth well north of five million now and he doesn't work any longer and his family are more forgiving. |
The thing is, you could say this about loads of high-risk investments.
I'm sure some people made millions off of penny stocks, and some made millions off of playing the lottery.
I don't want to get into a back-and-forth with our new crypto-millionaire poster because I really can't be bothered, but there's very little actual utility in Bitcoin or a load of these coins. They aren't great for being used as currency, and they seem little more than betting that the line will go up right now. Lots of people have made money because the line has indeed gone up, but lots of people have also lost out when the line has gone down.
I imagine line will go up quite a bit now Trump is in as the crypto industry pumped a lot of money into the election over there so they won't have to worry about pesky regulations for a little bit longer. |  |
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| Bitcoin in landfill on 15:50 - Feb 10 with 1634 views | Bluecoin |
| Bitcoin in landfill on 15:45 - Feb 10 by DanTheMan |
The thing is, you could say this about loads of high-risk investments.
I'm sure some people made millions off of penny stocks, and some made millions off of playing the lottery.
I don't want to get into a back-and-forth with our new crypto-millionaire poster because I really can't be bothered, but there's very little actual utility in Bitcoin or a load of these coins. They aren't great for being used as currency, and they seem little more than betting that the line will go up right now. Lots of people have made money because the line has indeed gone up, but lots of people have also lost out when the line has gone down.
I imagine line will go up quite a bit now Trump is in as the crypto industry pumped a lot of money into the election over there so they won't have to worry about pesky regulations for a little bit longer. |
AI, and more accurately AGI will bring so many more use cases to the fold. Not just BTC, but also SOL/ETH. The innovation on SOL recently has been rapid.
Buy BTC if you have any spare cash. It's still only the start! | | | |
| Bitcoin in landfill on 15:56 - Feb 10 with 1607 views | mellowblue |
| Bitcoin in landfill on 15:45 - Feb 10 by DanTheMan |
The thing is, you could say this about loads of high-risk investments.
I'm sure some people made millions off of penny stocks, and some made millions off of playing the lottery.
I don't want to get into a back-and-forth with our new crypto-millionaire poster because I really can't be bothered, but there's very little actual utility in Bitcoin or a load of these coins. They aren't great for being used as currency, and they seem little more than betting that the line will go up right now. Lots of people have made money because the line has indeed gone up, but lots of people have also lost out when the line has gone down.
I imagine line will go up quite a bit now Trump is in as the crypto industry pumped a lot of money into the election over there so they won't have to worry about pesky regulations for a little bit longer. |
The amount of energy used in bit coin farming is also very wasteful | | | |
| Bitcoin in landfill on 15:58 - Feb 10 with 1594 views | DanTheMan |
| Bitcoin in landfill on 15:50 - Feb 10 by Bluecoin |
AI, and more accurately AGI will bring so many more use cases to the fold. Not just BTC, but also SOL/ETH. The innovation on SOL recently has been rapid.
Buy BTC if you have any spare cash. It's still only the start! |
I fail to understand how AGI even remotely relates to Bitcoin or other blockchain based projects. | |
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| Bitcoin in landfill on 16:10 - Feb 10 with 1534 views | Bluecoin |
| Bitcoin in landfill on 15:58 - Feb 10 by DanTheMan |
I fail to understand how AGI even remotely relates to Bitcoin or other blockchain based projects. |
Smart contracts, M2M economy, agent payment etc. They aren't going to 'work' for free.
None of us know what AI will be capable of in 5 years. ASI will arrive eventually which is another conversation. Both exciting and scary! Be part of our demise, I say. | | | |
| Bitcoin in landfill on 16:14 - Feb 10 with 1513 views | ITFCson |
| Bitcoin in landfill on 15:15 - Feb 10 by Bluecoin |
While you've been arguing with strangers on the Internet for x years, some of us have been investing in BTC.
Retired at 47. Who's the silly sod? |
What a strange mentality of the people on this site - this post has 3 down votes. Surely having the foresight to invest in BTC early is something to be commended. I have 50x my money and I was late to the party in 2017. The people who call it a scam screams of jealousy, although they would never admit it. | | | |
| Bitcoin in landfill on 16:16 - Feb 10 with 1494 views | ITFCson |
| Bitcoin in landfill on 15:56 - Feb 10 by mellowblue |
The amount of energy used in bit coin farming is also very wasteful |
Not really, as the energy used is what helps drive the value of BTC | | | |
| Bitcoin in landfill on 16:20 - Feb 10 with 1454 views | Bluecoin |
| Bitcoin in landfill on 16:14 - Feb 10 by ITFCson |
What a strange mentality of the people on this site - this post has 3 down votes. Surely having the foresight to invest in BTC early is something to be commended. I have 50x my money and I was late to the party in 2017. The people who call it a scam screams of jealousy, although they would never admit it. |
It's human nature I guess. Crypto is not for the faint of heart. Some prefer Premiem Bonds! :) | | | |
| Bitcoin in landfill on 16:22 - Feb 10 with 1443 views | Swansea_Blue |
| Bitcoin in landfill on 13:45 - Feb 10 by J2BLUE |
Pretty easy to say when it wasn't your money.
£600m to secure your family for generations. Even if he promises half of it to random others and finds it, it's huge. I would be fighting for it as well. |
The council are missing a trick. They should help in find it in return for £300 million. Everyone’s a winner. |  |
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| Bitcoin in landfill on 16:24 - Feb 10 with 1423 views | DanTheMan |
| Bitcoin in landfill on 16:16 - Feb 10 by ITFCson |
Not really, as the energy used is what helps drive the value of BTC |
My understanding is that the price of energy and how much is used to mine BTC has a minimal effect on its price. | |
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| Bitcoin in landfill on 16:27 - Feb 10 with 1411 views | DanTheMan |
| Bitcoin in landfill on 16:14 - Feb 10 by ITFCson |
What a strange mentality of the people on this site - this post has 3 down votes. Surely having the foresight to invest in BTC early is something to be commended. I have 50x my money and I was late to the party in 2017. The people who call it a scam screams of jealousy, although they would never admit it. |
Again, just because people have made money does not mean is not a scam. People who invested early with Madoff would have made money.
I don't think BTC is a scam (although there are plenty of actual scams in the crypto space), to me though it's little more than gambling. Good luck to anyone using it as an investment. | |
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| Bitcoin in landfill on 16:32 - Feb 10 with 1378 views | FoghornGleghorn |
| Bitcoin in landfill on 16:14 - Feb 10 by ITFCson |
What a strange mentality of the people on this site - this post has 3 down votes. Surely having the foresight to invest in BTC early is something to be commended. I have 50x my money and I was late to the party in 2017. The people who call it a scam screams of jealousy, although they would never admit it. |
It's possibly more that a time when so many people are desperately struggling to survive and feed their children, lording it about a complete fluke that's landed you and others who were wealthy enough to gamble in the first place with a substantial amount of unearned wealth is maybe a little tone-deaf, but yknow, congratulations. | | | |
| Bitcoin in landfill on 16:35 - Feb 10 with 1359 views | blueasfook |
| Bitcoin in landfill on 16:24 - Feb 10 by DanTheMan |
My understanding is that the price of energy and how much is used to mine BTC has a minimal effect on its price. |
Quite. Nobody cares as long its turning profit. Though I do remember when crypto mining pushed the prices of GPUs up to silly money cos crypto miners were buying them all up. |  |
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| Bitcoin in landfill on 16:39 - Feb 10 with 1344 views | Bluecoin |
| Bitcoin in landfill on 16:27 - Feb 10 by DanTheMan |
Again, just because people have made money does not mean is not a scam. People who invested early with Madoff would have made money.
I don't think BTC is a scam (although there are plenty of actual scams in the crypto space), to me though it's little more than gambling. Good luck to anyone using it as an investment. |
Of course there are scams. Like everything these days.
If you invest in crypto always use one of the main exchanges (coin base, Kraken,binance etc). And ALWAYS keep control over your coins...on a cold storage ledger.
Don't lose your seed phrase. If only matey had his...he wouldn't need to dig up a dump!
Good luck to any fellow investors. This could be an amazing year. | | | |
| Bitcoin in landfill on 16:54 - Feb 10 with 1260 views | J2BLUE |
| Bitcoin in landfill on 16:39 - Feb 10 by Bluecoin |
Of course there are scams. Like everything these days.
If you invest in crypto always use one of the main exchanges (coin base, Kraken,binance etc). And ALWAYS keep control over your coins...on a cold storage ledger.
Don't lose your seed phrase. If only matey had his...he wouldn't need to dig up a dump!
Good luck to any fellow investors. This could be an amazing year. |
Good luck to you but I would call it gambling rather than investing. |  |
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| Bitcoin in landfill on 16:56 - Feb 10 with 1254 views | Zx1988 |
| Bitcoin in landfill on 16:22 - Feb 10 by Swansea_Blue |
The council are missing a trick. They should help in find it in return for £300 million. Everyone’s a winner. |
I think they also made the argument, concurrent to the "it's not your property any more" argument, that the legal conditions relating to the landfill would prevent any excavation works. | |
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| Bitcoin in landfill on 17:18 - Feb 10 with 1154 views | NthQldITFC |
| Bitcoin in landfill on 16:16 - Feb 10 by ITFCson |
Not really, as the energy used is what helps drive the value of BTC |
I think you might have the wrong end of the stick there, old fruit. |  |
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| Bitcoin in landfill on 17:26 - Feb 10 with 1130 views | J2BLUE |
| Bitcoin in landfill on 17:18 - Feb 10 by NthQldITFC |
I think you might have the wrong end of the stick there, old fruit. |
Imagine if governments could make money by directly making climate change worse...
I bet they would do it. | |
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| Bitcoin in landfill on 17:27 - Feb 10 with 1127 views | NthQldITFC |
| Bitcoin in landfill on 17:26 - Feb 10 by J2BLUE |
Imagine if governments could make money by directly making climate change worse...
I bet they would do it. |
It's certainly looking that way. | |
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| Bitcoin in landfill on 17:38 - Feb 10 with 1098 views | Bluecoin |
| Bitcoin in landfill on 16:32 - Feb 10 by FoghornGleghorn |
It's possibly more that a time when so many people are desperately struggling to survive and feed their children, lording it about a complete fluke that's landed you and others who were wealthy enough to gamble in the first place with a substantial amount of unearned wealth is maybe a little tone-deaf, but yknow, congratulations. |
The way I have made a living was called a "scam". This kind of implies that I am therefore a scammer. I haven't ever scammed anyone. Just took exception to that (enough to create an account!) ! | | | |
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