Peter Jones

The ancient problem of the man who threw away £150m in bitcoin

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issue 13 August 2022

James Howells has spent years trying to persuade Newport council to allow him to spend millions digging up a rubbish tip to find a computer hard-drive, possibly containing yet more millions, which he threw away in 2013.

The ancients, who found obdurate behaviour fascinating, often explored such human failings in their myths, many of which featured horribly appropriate outcomes. Erysichthon (‘one who pulls up the land’) provides a good example. Let the poet Ovid explain.

Erysichthon, a man who never sacrificed to any gods, hacked away at and pulled down a much-venerated oak tree, hung with votive offerings and sacred to Ceres, goddess of the grain that feeds the world; further, he both beheaded a man who tried to stop him and ignored the tree’s threats of punishment.

Ceres decided that such extreme profanation should be punished fittingly and sent a mountain nymph to instruct Hunger (the very antithesis of Ceres) to insinuate herself into Erysichthon’s body.

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