ZOMBIE COINS
August 3, 2013
1BTC:$96.660000
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By 2013, some Bitcoin was already lost forever – most famously James Howells’ discarded hard drive in Wales, still buried today. An estimated 4 million BTC are unrecoverable. As Satoshi noted, “Lost coins only make everyone else’s coins worth slightly more.”
Guest Written by James Howells
In early 2009, when Bitcoin was little more than a whitepaper and raw code circulating among a small circle of cryptography enthusiasts, I was among the first to visit the SourceForge page, download, and fire up the original Bitcoin client on my laptop.
Back then, there were no slick exchanges, no intuitive wallets, no block explorers – just the command line and a radical vision: a peer-to-peer electronic cash system that couldn’t be controlled, censored, or debased by governments and banks. It felt like Napster for money, not mp3s.
Those early coins carried something far more valuable than price: they embodied the dawn of a new monetary era. Between February and April 2009, I mined exactly 8,000 coins. At the time, they weren’t worth enough to buy even a slice of pizza, and not a single one of us mining in basements and bedrooms knew what Bitcoin would become. But we believed. We dreamed. And eventually, the world followed.
Fast forward to 2013, when Bitcoin began gaining real global traction. In what has since become one of the more infamous incidents in crypto history, I accidentally misplaced a backup hard drive during a routine house clean. The same drive containing the 51-character private key to those original 8,000 bitcoins.
It stung at the time, but no one could have predicted just how world-changing Bitcoin would become. From literally nothing to over $111,000 per coin, Bitcoin has gone from obscure cypherpunk experiment to the hardest money the world has ever known.
Satoshi did that.
Bitcoiners did that.
You did that.
My lost coins have become more than just my personal tragedy; they stand as a public testament to
Bitcoin’s ironclad security. That wallet remains untouched, visible to anyone on the blockchain, utterly inaccessible without the private key. Even with the rise of quantum computing on the horizon, those coins remain untouchable, proving the long-term strength of cryptographic security.
And that’s why, for over a decade, I have been fighting to recover that original hard drive from a Newport landfill. Not merely for myself, but to demonstrate the sheer determination and grit of early Bitcoiners: a community that refuses to quit and strives toward the ideals of freedom and self- sovereignty that underpin Bitcoin itself.
While the modern narrative often focuses on Bitcoin as a store of value, its true foundation is freedom: the freedom to transact without permission, to hold value outside the traditional system, and to build a future liberated from endless money printing and financial manipulation.
In a world where dollars, pounds, and euros are still conjured into existence at the whim of central banks, Bitcoin has risen as incorruptible digital gold, an untouchable fortress of value beyond the reach of governments. At the same time, it is a peer-to-peer lifeline: digital cash that no authority can freeze, censor, or inflate away. Amid the chaos of endless money printing and broken promises, peer-to-peer electronic cash stands as the final fortress: the last uncompromised sanctuary of monetary freedom.
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- BTC On this day
- August 3, 2013
- Market Cap
- $1,111,592,417
- Block Number
- 242,436
- Hash Rate
- 311.61 TH/s
- Price Change (1M)
24%
- Price Change (3M)
16%
- Price Change (1Y)
781%
