State authorities on a routine overnight patrol spotted and then arrested Collins with an estimated $2,171 of cannabis in his car. The man quickly earned himself a five-year jail sentence.
Nervous about having a ton of money tied up in a single wallet, Collins diversified in 2016 by splitting his 6,000 bitcoins across 12 newly created wallets,
And to further secure this fortune, Collins reportedly hid a piece of paper containing the access codes inside a fishing rod case at his home.
The Times reports that dump workers told state police they remembered seeing fishing gear, but waste from this particular dump is sent to Germany and China and incinerated by procedure. The fishing rod case has been missing ever since.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.