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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.
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.
See also the South Sea Bubble and Poseidon shares.
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.
I take your points. I myself have been victim to some crypto scams. But if we are calling BTC a potential scam then doesn’t that mean anything of any value is potentially a scam, fiat included - just look at what happened in Zimbabwe I think it was - physical money became worthless.
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Bitcoin in landfill on 18:21 - Feb 10 with 2221 views
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.
Calling it a fluke is pretty ignorant tbh. It’s a calculated investment. It was when BTC was $1. It was when it was $10k and it still is now. How about the stock market? If you invested in the S and P 500 20 years ago was that a fluke? Tesla - if you invested 10 years ago was that a fluke? When does it stop being a fluke and become smart investing?
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Bitcoin in landfill on 18:25 - Feb 10 with 2201 views
Bitcoin in landfill on 17:18 - Feb 10 by NthQldITFC
I think you might have the wrong end of the stick there, old fruit.
Nope. It’s a contributing factor. Or so I’ve read many times over the years. Maybe all those articles were incorrect. Either way it was a solid investment where the risk reward ratio was highly in favour of anyone who had the nous to invest.
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Bitcoin in landfill on 20:46 - Feb 10 with 2099 views
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.
Indeed. those who call it a scam have generally done zero research into crypto and mostly come from a place of ignorance. Add to this people in general being keen to knock anybody that is successful ( and especially those who do things a little bit differrently ) and its no surprise to see plenty of downvotes.
I bought £1500 of XRP in October, by January it was worth £10000 and I sold half of it. whatever happens to the price now I have made a tidy profit although I suspect holding onto the rest will be result in an even bigger return at some point. This type of return ( and more ) is open to anybody that is prepared to spend the time learning and prepared to take a sensible and calculated risk with money they can afford to lose.
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Bitcoin in landfill on 21:41 - Feb 10 with 2039 views
Calling it a fluke is pretty ignorant tbh. It’s a calculated investment. It was when BTC was $1. It was when it was $10k and it still is now. How about the stock market? If you invested in the S and P 500 20 years ago was that a fluke? Tesla - if you invested 10 years ago was that a fluke? When does it stop being a fluke and become smart investing?
If anybody ever cracks Satoshi's wallet or he turns out to be alive and wants some money then the price of BTC will tumble given he owns about 5% of the total possible global supply.
Until that happens, speculation will drive the price as it has consistently has done. Given there are no fundamentals to analyse unlike your stock examples that have quantifiable cashflows that comparison isn't totally fair.
What fundamentals are you basing your investing on which make the statements you quoted unfair?
Don't forget, for all the people on the right side of the pump, someone is on the wrong side of the dump. People making money from crypto is absolutely fine of course but so are some valid criticisms such as the volatile nature and the fact that in 2024 mining new blocks consumed as much power as Poland.
SB
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Bitcoin in landfill on 21:43 - Feb 10 with 2026 views
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!
Can you expand on what use cases AGI will bring to crypto as it seems a bizarre statement that just puts a few buzz terms together. Almost like someone trying to pump the price.
If I were you I would be more worried about AGI helping to create a functioning 3000 qubit quantum computer which would render all your wallet encryption void and then the AGI or whomever has the computer can just take all your money.
Bitcoin in landfill on 14:25 - Feb 10 by EdwardStone
Apparently landfill is more organised than you would believe. The garbage is dropped off in a specific place every day, all surveyed, measured and monitored.
Because he knew exactly when it had been put there, the location is reasonably accurately known within the site
Whether it would still be in good enough condition to retrieve the data is perhaps another question
I was involved in emptying a large part of a landfill site in my youth. It had a drainage problem so two years of waste needed to come out. We were told there was an elephant carcass in there. It had died at a circus, some bright spark had tried sending it to a rendering plant but it was too big so they put it in the tip. We never came across jumbo - so I fear for this guys hard drive.
It's 106 miles to Portman Road, we've got a full tank of gas, half a round of Port Salut, it's dark... and we're wearing blue tinted sunglasses.
I'm sure everyone has a story like this but circa 2014 my boss at the time took us for drinks in a bar which took BTC and paid the bill with it. Some quick napkin maths leads me to believe that round cost him about £35K in today's (crypto) money
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Bitcoin in landfill on 11:40 - Feb 11 with 1642 views
Nope. It’s a contributing factor. Or so I’ve read many times over the years. Maybe all those articles were incorrect. Either way it was a solid investment where the risk reward ratio was highly in favour of anyone who had the nous to invest.
Nous 🤣 Lolz.
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Bitcoin in landfill on 09:23 - Feb 18 with 1139 views
Can people look in their crystal balls and tell me what the 'next Bitcoin' is going to be?
Thanks.
My crystal ball tells me there will continue to be plenty of snake oil salesmen happy to benefit from the illusion of get rich quick schemes - presented in whatever form people are gullible enough to believe.
Bitcoin in landfill on 09:23 - Feb 18 by bluelagos
My crystal ball tells me there will continue to be plenty of snake oil salesmen happy to benefit from the illusion of get rich quick schemes - presented in whatever form people are gullible enough to believe.
Was always thus.
It's quite telling that the posters pushing crypto with alleged evidence have posted in other threads but haven't revisited this one to answer the questions put to them.
SB
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Bitcoin in landfill on 10:13 - Feb 18 with 1019 views
Indeed. those who call it a scam have generally done zero research into crypto and mostly come from a place of ignorance. Add to this people in general being keen to knock anybody that is successful ( and especially those who do things a little bit differrently ) and its no surprise to see plenty of downvotes.
I bought £1500 of XRP in October, by January it was worth £10000 and I sold half of it. whatever happens to the price now I have made a tidy profit although I suspect holding onto the rest will be result in an even bigger return at some point. This type of return ( and more ) is open to anybody that is prepared to spend the time learning and prepared to take a sensible and calculated risk with money they can afford to lose.
I purchased some XRP around four years back, a speculative crypto investment “punt” as could see the market growing and felt it aligned with this new generation. It’s been sat in red for a fair amount of time but good to see it growing now and happy to let it play out under a fairly “Pro Crypto” new US government.
I didn’t back BTC as I felt I’d missed boat, obviously not the case but I ended up investing in some of the penny stock miners. There are still some decent penny stock plays there like MARA and Argo if you believe BTC will continue on an upwards trajectory.
Not really, as the energy used is what helps drive the value of BTC
I am talking about the waste of world's resources and generation of CO2 in generating the coins. Huge. The same apparently could apply to AI, though there might be tangible benefits from AI though I am sceptical.
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Bitcoin in landfill on 17:51 - Feb 18 with 725 views
I purchased some XRP around four years back, a speculative crypto investment “punt” as could see the market growing and felt it aligned with this new generation. It’s been sat in red for a fair amount of time but good to see it growing now and happy to let it play out under a fairly “Pro Crypto” new US government.
I didn’t back BTC as I felt I’d missed boat, obviously not the case but I ended up investing in some of the penny stock miners. There are still some decent penny stock plays there like MARA and Argo if you believe BTC will continue on an upwards trajectory.
I'm also quite optimistic about XRP / Ripple. The stuff with Amazon is potentially big, and gives blockchain tech generally added validation. Good luck! Trump getting elected is a game changer, but it may take a bit longer than some people expect it to for the price to really go mental (again)! Sit back, and (try to) enjoy it 😉
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