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Topic: 2013-10-08 Wired - The Ultimate Bitcoin Question: Can the Feds Spend $3.3M ... (Read 654 times)

legendary
Activity: 4466
Merit: 3391
Bitcoins are great for money laundering, or so people keep claiming. So the obvious solution for the FBI is for those thousands of bitcoins to be laundered into the deputies personal wallets, right?

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even if the feds have a pretty good idea what they’d do with the bitcoins today, they can’t move until the Silk Road case is decided. That could take years,

So those coins are in lockdown for a long time? That sounds bullish to me, it means those coins are not on the market.

Well, they weren't really on the market before either.
hero member
Activity: 898
Merit: 1000
The slightly more ultimate question - can they get their hands on the estimated 600k BTC (probably less actually saved, maybe 100-200k) of comission earned by DPR over the 2.5 years that SR was running?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Bitcoins are great for money laundering, or so people keep claiming. So the obvious solution for the FBI is for those thousands of bitcoins to be laundered into the deputies personal wallets, right?

Quote
even if the feds have a pretty good idea what they’d do with the bitcoins today, they can’t move until the Silk Road case is decided. That could take years,

So those coins are in lockdown for a long time? That sounds bullish to me, it means those coins are not on the market.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
The Ultimate Bitcoin Question: Can the Feds Spend $3.3M in Seized Digital Currency?
http://www.wired.com/wiredenterprise/2013/10/silk-road-bust/
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