After years of looking for his lost computer that he believed was filled with 7,500 bitcoins the man has found it. the entire thing cost him around 2.5 million after paying for excavators, labor and city permits to dig up the landfill. He was relieved after finding the computer last month and had a professional data recovery company working on it for the last four weeks trying to recover his lost wallet, this cost alone was $400k. Unfortunately it turns out the wallet was actually filled with bitcoin cash a hard fork of bitcoin worth a fraction of the price of actual bitcoin. 7,500 x $124 + $930k so he is now about 1.6 million in debt to cover the cost of the loan he took out using the believed bitcoin as collateral. you can see the look of defeat in his face. [link] [comments] |
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