SR was an illegal enterprise, I believe.
I'm pretty sure using it was illegal, so your funds are subject to confiscation.
Topic: 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX (Read 6161 times)
This is weird. A lot of the inputs to those big transactions into that account are "dust" that cost more to transfer than they actually contain.
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
Now final balance is 29,496.74824864 BTC
Now final balance is 29,496.74824864 BTC
No. No. Legal means legal. If I sell a hot dog on the same corner as a drug dealer, are my profits subject to confiscation?
They would be if you was both operating from the same kiosk.
Some Silk Road users sold perfectly legal items, like art and books. I wonder if any of the legitimate users will be asking the FBI for their coins back?
They could have used more legal sites, such as Bitmit, or the forum Marketplace.
No. No. Legal means legal. If I sell a hot dog on the same corner as a drug dealer, are my profits subject to confiscation?
Right, and the SR was a busy street corner.
But no reason to denigrate honest, tax paying companies. They very support of our society.
-100 for quoting O'Reilly.
World Health Organisation:
Global Deaths:
Tobacco 5.1 million
Alcohol 2.25 million
Illegal Drugs 250,000
LOL - quoting o'reillly as a source!? hilarious!
What about Quoting the ORLY owl?
Btw: Who of u guys would buy a Tshirt that only has the FBI Seized BTC Wallet ID as PrintOn?
I wish I had this many bitcoins... 
2013-10-02 10:12:18 was the time of the first transaction, and if the FBI office that did this is located on the East Coast, then that would equate to 6:12:18 AM local time.
Also, I believe the FBI had help with the transfer from some Bitcoiner knowing how to do this, for the next, and subsequent transactions were closely time.
Also, I believe the FBI had help with the transfer from some Bitcoiner knowing how to do this, for the next, and subsequent transactions were closely time.
I suspect that the FBI at this point probably has a few people in the agency that are bitcoin experts. Bitcoin isn't exactly rocket science to understand, and the FBI has some incredibly bright people working for it (I didn't say running it necessarily). I would wager that the US government in some agency or another has someone that probably counts as one of the foremost experts on Bitcoin. Gavin has talked to the CIA in the past, we all assume intelligence agencies visited the early conferences, and why wouldn't someone in the FBI be interested in Bitcoin the same way that lots of us have totally different real lives? :-)
Isn't it odd that FBI still fails to understand that there may be a backup copy of privkey somewhere? They have not moved the coins to an address they created! I would breaking a drop of sweat per second...
Why do you say that? Where have you got this info from?
That's exaclty what (in my opinion) you got wrong. A brief analysis of that wallet will tell you (as discussed already in another thread) that is more than likely that the wallet was created and firstly used by the FBI. The first transaction was on the 2nd of October, and you can see that that one, and all the following ones, are collective transactions coming from multiple wallets, each one having only one single transaction before being moved to 1F1Aa. Exactly what you would expect in the following scenario: FBI got access to those wallets and all their private keys, created a cold offline wallet to hold the seized bitcoins, moved there every bitcoin found in those wallets. You will also see that in the last two days (apart from small transaction to leave and send a message to FBI) there are other transactions going on (25,10, 30, 15 btc..). As more than one member suggested, they are most likely standing payments to the SR accounts' owners (or pool mining fees) that where not revoked.
Does it make sense? Cheers!
Thanks for pointing out, I feel better now.
Isn't it odd that FBI still fails to understand that there may be a backup copy of privkey somewhere? They have not moved the coins to an address they created! I would breaking a drop of sweat per second...
Why do you say that? Where have you got this info from?
That's exaclty what (in my opinion) you got wrong. A brief analysis of that wallet will tell you (as discussed already in another thread) that is more than likely that the wallet was created and firstly used by the FBI. The first transaction was on the 2nd of October, and you can see that that one, and all the following ones, are collective transactions coming from multiple wallets, each one having only one single transaction before being moved to 1F1Aa. Exactly what you would expect in the following scenario: FBI got access to those wallets and all their private keys, created a cold offline wallet to hold the seized bitcoins, moved there every bitcoin found in those wallets. You will also see that in the last two days (apart from small transaction to leave and send a message to FBI) there are other transactions going on (25,10, 30, 15 btc..). As more than one member suggested, they are most likely standing payments to the SR accounts' owners (or pool mining fees) that where not revoked.
Does it make sense? Cheers!
would've laughed my ass off if they'd made a vanity 1FBI for this one
Isn't it odd that FBI still fails to understand that there may be a backup copy of privkey somewhere? They have not moved the coins to an address they created! I would breaking a drop of sweat per second...
Why do you say that? Where have you got this info from?
Assuming 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX was under DPR's control before he got arrested, it is likely he's got backup copies of the corresponding private key somewhere. We all back up our wallets, right? Multiple copies of paper wallets in different locations? Brain wallet? Somebody else may get hold of a copy of this private key (which was supposedly sitting unencrypted on one of the imaged servers), or DPR may covertly pass on the private key to someone. FBI and prosecutors might wake up one morning just to find out that their "seized assets" have disappeared from their custody because they were too lazy to read and understand how Bitcoin works.
Isn't it odd that FBI still fails to understand that there may be a backup copy of privkey somewhere? They have not moved the coins to an address they created! I would breaking a drop of sweat per second...
Why do you say that? Where have you got this info from?
2013-10-02 10:12:18 was the time of the first transaction, and if the FBI office that did this is located on the East Coast, then that would equate to 6:12:18 AM local time.
Also, I believe the FBI had help with the transfer from some Bitcoiner knowing how to do this, for the next, and subsequent transactions were closely time.
Also, I believe the FBI had help with the transfer from some Bitcoiner knowing how to do this, for the next, and subsequent transactions were closely time.
Isn't it odd that FBI still fails to understand that there may be a backup copy of privkey somewhere? They have not moved the coins to an address they created! I would be breaking a drop of sweat per second...
Surely, 1F1 is not the FBI's vanity address/FirstBits, or is it?
No, it's 1f1taa. Removing the last "a" leads to a different addy.
You are correct, but I was making fun of the FBI, with them thinking that THEY create the vanity address 1F1 for themselves.
Some Silk Road users sold perfectly legal items, like art and books. I wonder if any of the legitimate users will be asking the FBI for their coins back?
How the fuck does one ask something to the FBI? WHO is the FBI? I mean, do we have a phone number dor such cases, would be very funny.Not that I had ever heard of that site dispite being in the community for over 2 years...
They could easily file an internet crime case with the FBI, and report that their property was stolen
http://www.ic3.gov/default.aspx
Surely, 1F1 is not the FBI's vanity address/FirstBits, or is it?
No, it's 1f1taa. Removing the last "a" leads to a different addy.
1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX should be printed on a t-shirt.
Secondly, what if a poster on said address declared that all his contributions are considered a loan, wouldn't that make it more difficult for the FBI to liquidate the funds IF they do have access to private key?
Secondly, what if a poster on said address declared that all his contributions are considered a loan, wouldn't that make it more difficult for the FBI to liquidate the funds IF they do have access to private key?
That would make for one heck of a long shirt XD
Not if it was in small font.
Or, we could print what the acronym FTAAZXHUXRCNLBTMDQCWOGNNXQX stands for.
Surely, 1F1 is not the FBI's vanity address/FirstBits, or is it?
It's interesting that more coins are seized (not talking about those trolling tx) as of today. It seems that no one except DPR holds the private key of the SR hot wallet. If someone else in his team holds the key, they should have had moved the coins before FBI transfers them.
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