Top 5: discover some awesome and crazy crypto stories

Cryptocurrencies are kind of crazy by themselves. They’re digital money that can work as a lot of things (store of value, stocks, payments, remittances, art…) and that nobody owns or controls. However, beyond this fact, there’s a lot of crazy crypto stories lived by different people worldwide. Some of them good, some others bad. But always crazy.

We’re not going to mention here the mystery around Satoshi Nakamoto, the Bitcoin creator, or the traditional Bitcoin Pizza Day. These are widely discussed topics. Instead, we’re going to focus on some non-very known but very interesting cryptocurrency stories. Let’s discover them!

The police officer

That’s exactly the charm of this crazy crypto story. There’s a small town called Vicco in Kentucky, United States. It was the smallest city in the country outlawing discrimination based on sexual orientation (by January 2013), and later that same year would be also known for its Police Chief, Tony Vaughn. He asked for his salary to be paid in bitcoins.

Tony Vaughn in Vicco, 2013. Image by Comedy Central.

The city commission in Vicco made a research about it first, but, against all odds, they accepted not long after. All his salary started to be converted to bitcoins and automatically transferred to his wallet. Besides, the city also kept Vaughn’s taxes in their own wallet and considered starting a page for BTC donations.

This was probably the first time that a public servant was paid in crypto. The average Police Officer salary in Kentucky is around $54,000 per year, and the Bitcoin price was over $1,000 then. So, any crypto saving that Vaughn kept has revalued by around 5,300% so far. Not bad.

The landfill man

That is the case of James Howells, a 35-year-old IT engineer from Wales, United Kingdom. He cleaned his house in 2013 and discarded by accident a hard drive more important than he thought. He had two identical hard drives then and threw away the wrong one. Aka, the one that still contains the private keys for a wallet with 7,500 BTC (around $405m at today’s price). Howells discovered his mistake when it was too late, and now the hard drive is somewhere around the city landfill site.

Unluckily for him, the city authorities hadn’t let him check through the landfill in all these years due to “environmental and funding concerns”. This year, not willing to give up, Howells offered them to donate 25% of the bitcoins to create a “COVID Relief Fund”. Besides, he states that he has the support of a hedge fund for the excavation project. The bitcoins keep buried, though.

The treasure on the Everest

The climbers went and did it, indeed. They recorded the event and challenged the general public to pick the treasure by their own means, but everything went wrong from there. The Sherpa guide disappeared on the way back, the climbers got hurt and they had to be rescued. Sadly, the guide was never found again. The ICO was never launched at the end, either. So, the coins are still there, lost in the snow and forgotten. Even its value is debatable at this point. But surely they would do a great NFT, right?

Life on Bitcoin

By then, the newly-wed couple Beccy and Austin Craig decided to run a bold experiment: live and travel solely with Bitcoin as a payment method for 90 days. They called it “ Life on Bitcoin “. The journey started from Utah and across the United States, and they also flew overseas to Stockholm, Berlin, and Singapore.

Of course, they had difficulties in those months. The merchants willing to accept bitcoins were very scarce, and they had to offer a 10% premium to their landlord to make them accept bitcoins. But they did it nicely, and, two years later, they launched a documentary to prove this crazy crypto story.

The scammer got scammed

The policemen accused were arrested, but there’s a plot twist in this story. As the Crime Investigation Department (CID) of the region discovered later, it seems like Bhatt, the supposed victim, obtained those bitcoins through a fake land deal with the real owner, Somesh Patel. This, additionally, “in the name of a religious sect”.

Besides, Bhatt himself also kidnapped and extorted Dhaval Mavani, the administrator of a Ponzi scheme with bitcoins. He did it to recover his investment, but the amount robbed from him in Bitcoin, Litecoin, and cash ascended to Rs 155 crore (around $21.3m). Bhatt, of course, was arrested too.

Now, if not about this case, we must mention something else about bitcoin thieves to finish the top. Last year, 4 Ukrainian thieves attempted a cash robbery in Dubai. They pretended to exchange bitcoins to attract the victims into an office. Then, they used a deodorant spray as a weapon. Yes, deodorant. And yes, they failed spectacularly.

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Originally published at https://blog.alfa.cash on April 21, 2021.

We are an eight-year-old and duly regulated cryptocurrency exchange. We offer crypto-fíat and non-custodial transactions, and valuable knowledge in our blog.

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