Translated material
A British man was not allowed to search for a randomly discarded hard drive containing thousands of bitcoins in a landfill.
The High Court in Britain has refused to hear the case of a Welsh resident's ten-year struggle for the right to search a city dump for a hard drive containing thousands of bitcoins. The Guardian writes about this.
Newport resident James Howells, 39, claims that in the summer of 2013, he put the hard drive containing his Bitcoin wallet in a black bag while cleaning his office and left it in the hallway of his home. According to him, his ex-girlfriend mistook the bag for garbage and threw it in a landfill.
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After the incident, Howells appealed to the city council with a request to search for the accidentally discarded hard drive - it is reported that, at current dollar rates, it contains more than $700 million. The Briton even offered to share the money with the local authorities. The BBC writes that we are talking about 10% of the amount he plans to receive from the sale of bitcoins. The defendants' lawyers, in turn, considered Howells' proposal an attempt to force officials to finance excavations.
After numerous refusals, the Briton filed a lawsuit against the city council demanding permission to excavate or pay him 495 million pounds sterling ($608 million) in compensation.
According to The Guardian, Howells' defense noted that this was not about finding a "needle in a haystack", but about "precise excavation" of an area that had already been identified and for which it was planned to attract specialist excavators.
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A local government official claimed that the hard drive became the property of the landfill owners. He also stressed that environmental regulations prohibit excavation of debris.
A High Court judge on January 9 said Howells' claim had "no realistic prospect of success" if the case proceeded to trial. Thus, the court sided with the local authorities and rejected the British claim.
Howells estimates the bitcoins on his hard drive could be worth £1 billion ($1.2 billion) by next year and has vowed to take his case all the way to the Supreme Court.
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