James Howell's $11M Plan to Retrieve Bitcoin Worth $181M

Engineer students set out on an $11m campaign to search for a lost hard drive containing 800 bitcoin.
James plans to use two robot dogs worth $75000 each in search of his ‘digital gold ‘

Almost 10 years ago when bitcoin was at its low, The Welshman by the name of James, mistakenly threw out a hard drive containing 8000 Bitcoin he had mined. According to current mathematics, that amount of bitcoin is worth approximately $181M.

Howell is leading with the Newport city council to allow him to dig up the land in what seems like a mission impossible of finding a hard drive the size of an iphone in a pile of dirty haystack loaded for almost 10 years.

The council, for years, has been rejecting James’ proposal of digging up the land filled with tonnes of garbage saying that the ecological effects would be so dire. should the council adhere to Howell’s plea, and is fortunate in finding the drive, He doesn’t plan on walking off with all the glory.

Under the deal, James and his VCs partners would both split 30% each, Every member would receive roughly $61 each in a town with a population of almost 150000 people including the team members participating in the search would also receive a token.

With the help of venture capitalists ready to pour up to $11M into the excavation, Howell also includes putting into use a pair of two robot dogs from Boston Dynamics, 24hr surveillance and AI-powered devices would work the trick, which, according to Howells mathematics, may take up to 3 years to find.

Hot Wallet vs Cold Wallet

With the different levels of security and conveniences, crypto investors must look into the pros and cons of hot and cold wallets. In such a scenario where Stefan Thomas, a Programmer in San Francisco opted to store his digital gold in a hard drive (cold wallet)and forgot his password. This hitch began years ago after losing the paper where he had jotted down his password. The system only gives users 10 chances before it seizes up and encrypts its content forever.

Hot wallet or Cold wallet? Share your thoughts in the comment section.