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IT Worker Throws Out Hard Drive, Loses $7.5 Million Bitcoin Fortune
NBC News ^
| 28 November 2013
| Alexander Smith
Posted on 11/28/2013 1:20:17 PM PST by zeestephen
LONDON -- An IT worker threw out a computer hard drive without realizing it contained $7.5 million worth of the digital currency Bitcoin. The device is now buried somewhere in a vast landfill site. The hard drive is so valuable because it contains the key to 7,500 bitcoins [now worth $1,000 per coin], a currency which exists only in the digital world.
(Excerpt) Read more at worldnews.nbcnews.com ...
TOPICS: News/Current Events
KEYWORDS: bitcoin; internet; it; ouch
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To: zeestephen
Oh, easy come, easy go. /s
To: zeestephen
The device is now buried somewhere in a vast landfill site. Or in his backyard.
3
posted on
11/28/2013 1:23:15 PM PST
by
Iron Munro
(Orwell: There are some ideas so absurd that only an intellectual could believe them.)
To: zeestephen
Not surprising. I run into IT people all the time who wipe their hard drive and then wonder why they don’t have their files.
Because you deleted them?
4
posted on
11/28/2013 1:26:00 PM PST
by
AppyPappy
(Obama: What did I not know and when did I not know it?)
To: zeestephen
If bit-coins are that irretrievable then they're a bad idea.
5
posted on
11/28/2013 1:26:40 PM PST
by
Bullish
(America should yank Obama like a rotten tooth before he poisons the entire body)
To: zeestephen
I watched a show on BitCoin the other day and it is the most bizarre monetary
scheme scam I've ever seen.
The guy on the show has written a book promoting the things and his explanation of how it works left a lot to be desired.
He said he put most of his money into it at $11. When I saw the show it was at $400 and the following week it was $600.
That was two weeks ago and now it's $1,000. Where is this money coming from? It's like putting $100 in the bank and finding out you have $500 the next week. It doesn't make sense.
6
posted on
11/28/2013 1:28:33 PM PST
by
Baynative
(Wake me up early, be good to my dogs and teach my children to pray.)
To: Baynative
7
posted on
11/28/2013 1:29:52 PM PST
by
dfwgator
(Fire Muschamp.)
To: Baynative
Can somebody post a link to a bitcoin primer that explains the concept in terms people here can understand?
I'm clueless.
8
posted on
11/28/2013 1:31:58 PM PST
by
Washi
To: zeestephen
United States Dollars aren’t worth much any more, but I will tale them other than bitcoins.
9
posted on
11/28/2013 1:32:33 PM PST
by
Venturer
(Keep Obama and you aint seen nothing yet.)
To: zeestephen
How do you convert digital into real Benjamins?
10
posted on
11/28/2013 1:32:45 PM PST
by
PLMerite
(Shut the Beyotch Down! Burn, baby, burn!)
To: zeestephen
Now that the story is out, I predict “The Big Dig II.”
11
posted on
11/28/2013 1:33:06 PM PST
by
NonValueAdded
(It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
To: Washi
To: zeestephen
Why didn’t they think to make a backup? Hard drives fail all the time.
To: Washi
14
posted on
11/28/2013 1:35:28 PM PST
by
Yo-Yo
To: PLMerite
15
posted on
11/28/2013 1:37:55 PM PST
by
TheThirdRuffian
(RINOS like Romney, McCain, Christie are sure losers. No more!)
To: Baynative
RE: “It doesn't make sense.”
Believe it or not, the financial dynamics of Bitcoin “value” are almost identical to all other market traded fiat currencies.
The biggest difference, of course, is that no nation and no Central Bank stand behind Bitcoin.
“Stand Behind” is a debatable point, of course.
To a great extent, the US Dollar and Yen and Euro are just worth what traders and bureaucrats and bankers SAY they are worth.
To: All
17
posted on
11/28/2013 1:45:55 PM PST
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: zeestephen
Believe it or not, the financial dynamics of Bitcoin “value” are almost identical to all other market traded fiat currencies.
Well, no. Wrong. But thanks for the guess.
18
posted on
11/28/2013 2:01:20 PM PST
by
narses
(... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
To: zeestephen
I guess the idea of a back-up was a foreign concept to the IT Department?
19
posted on
11/28/2013 2:05:00 PM PST
by
Makana
(Old soldiers never die. They just read Free Republic.)
To: Bullish
If bit-coins are that irretrievable then they're a bad idea. Well if you threw your cash in the dumpster, it would be irretrievable too.
20
posted on
11/28/2013 2:13:22 PM PST
by
ClaytonP
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