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What is the story behind James Howells finding bitcoin?

avatarIsaac IsaacNov 28, 2021 · 3 years ago3 answers

Can you tell me the story behind how James Howells found bitcoin? I heard that he accidentally threw away a hard drive containing a large amount of bitcoin. Is that true? How did he discover bitcoin in the first place?

What is the story behind James Howells finding bitcoin?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Yes, it's true! James Howells accidentally threw away a hard drive in 2013 that contained around 7,500 bitcoins. At that time, the value of bitcoin was relatively low, so he didn't think much of it. However, as the price of bitcoin skyrocketed in the following years, he realized the magnitude of his mistake. He desperately tried to locate the hard drive but unfortunately, it was buried in a landfill site and he was unable to recover it. This incident serves as a cautionary tale about the importance of securely storing cryptocurrencies.
  • avatarNov 28, 2021 · 3 years ago
    Absolutely! James Howells is known for his unfortunate mishap of throwing away a hard drive containing a significant amount of bitcoin. It happened in 2013 when he was cleaning his house and mistakenly discarded the hard drive, not realizing its value. It's estimated that the lost bitcoins would be worth millions of dollars today. This incident highlights the need for proper backup and storage of digital assets to avoid such devastating losses.
  • avatarNov 28, 2021 · 3 years ago
    Indeed, James Howells did find bitcoin in a rather unfortunate way. Back in 2013, he accidentally threw away a hard drive that contained a large number of bitcoins. At that time, the value of bitcoin was relatively low, so it didn't seem like a big deal. However, as we all know, the value of bitcoin skyrocketed in the following years, making his lost bitcoins worth a fortune. It's a cautionary tale that reminds us to be careful with our digital assets and to always have proper backups in place.