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Topic: 2013-10-26 forbes.com - fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulb - page 4. (Read 5047 times)

sr. member
Activity: 406
Merit: 250
Common sense would make you think that the bitcoin community should react positive with this news. Like i said elsewhere, we are years away from them deciding the case, so those coins are not going to hit the market any time soon.... So, we know that those coins will be out of the loop for years, unless DPR strikes a deal, which I dont think is going to happen...

And in the mean time bitcoin grows, and when the FBI finally does sell them, they suddenly have a trillion dollars to spend on privacy invasion.

They don't need Bitcoin money for that. I personally think those Bitcoins will stay in government agency accounts and probably moved around. They could even use it for propaganda, they could send it to a particular group and spread it across the media to give Bitcoin a bad rep, without relinquishing control over their holdings. What we know about the state of internet privacy is the equivalent of the military announcing their "new" tech, something built years before and kept secret. They are always a good few years ahead in most technology.

LOL... I did an internship with the FBI.... just LOL.

You must be hired to spread propaganda then. Notme is a shill! Tongue
legendary
Activity: 1904
Merit: 1002
Common sense would make you think that the bitcoin community should react positive with this news. Like i said elsewhere, we are years away from them deciding the case, so those coins are not going to hit the market any time soon.... So, we know that those coins will be out of the loop for years, unless DPR strikes a deal, which I dont think is going to happen...

And in the mean time bitcoin grows, and when the FBI finally does sell them, they suddenly have a trillion dollars to spend on privacy invasion.

They don't need Bitcoin money for that. I personally think those Bitcoins will stay in government agency accounts and probably moved around. They could even use it for propaganda, they could send it to a particular group and spread it across the media to give Bitcoin a bad rep, without relinquishing control over their holdings. What we know about the state of internet privacy is the equivalent of the military announcing their "new" tech, something built years before and kept secret. They are always a good few years ahead in most technology.

LOL... I did an internship with the FBI.... just LOL.
sr. member
Activity: 406
Merit: 250
Common sense would make you think that the bitcoin community should react positive with this news. Like i said elsewhere, we are years away from them deciding the case, so those coins are not going to hit the market any time soon.... So, we know that those coins will be out of the loop for years, unless DPR strikes a deal, which I dont think is going to happen...

And in the mean time bitcoin grows, and when the FBI finally does sell them, they suddenly have a trillion dollars to spend on privacy invasion.

They don't need Bitcoin money for that. I personally think those Bitcoins will stay in government agency accounts and probably moved around. They could even use it for propaganda, they could send it to a particular group and spread it across the media to give Bitcoin a bad rep, without relinquishing control over their holdings. What we know about the state of internet privacy is the equivalent of the military announcing their "new" tech, something built years before and kept secret. They are always a good few years ahead in most technology.
donator
Activity: 784
Merit: 1000
We won't see these coins in a couple of years while trial is going on.
legendary
Activity: 1904
Merit: 1002
Why is no one discussing the one REALLY important question: HOW were they able to break (supposedly) encrypted wallet and syphon money from it? If we assume it was a normal BitcoinQt wallet.dat, is there some kind of method to break it that is not universally known? As a community, we better find out everything about it, and do it fast...

Likely this:
full member
Activity: 125
Merit: 101
Why is no one discussing the one REALLY important question: HOW were they able to break (supposedly) encrypted wallet and syphon money from it? If we assume it was a normal BitcoinQt wallet.dat, is there some kind of method to break it that is not universally known? As a community, we better find out everything about it, and do it fast...

With all the mistakes DPR allegedly made I wouldn't be surprised if he used a weak password. The coins at 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a still haven't moved though.
hero member
Activity: 574
Merit: 501
Please bear with me
Why is no one discussing the one REALLY important question: HOW were they able to break (supposedly) encrypted wallet and syphon money from it? If we assume it was a normal BitcoinQt wallet.dat, is there some kind of method to break it that is not universally known? As a community, we better find out everything about it, and do it fast...
legendary
Activity: 1904
Merit: 1002
Common sense would make you think that the bitcoin community should react positive with this news. Like i said elsewhere, we are years away from them deciding the case, so those coins are not going to hit the market any time soon.... So, we know that those coins will be out of the loop for years, unless DPR strikes a deal, which I dont think is going to happen...

And in the mean time bitcoin grows, and when the FBI finally does sell them, they suddenly have a trillion dollars to spend on privacy invasion.
hero member
Activity: 924
Merit: 1000
Common sense would make you think that the bitcoin community should react positive with this news. Like i said elsewhere, we are years away from them deciding the case, so those coins are not going to hit the market any time soon.... So, we know that those coins will be out of the loop for years, unless DPR strikes a deal, which I dont think is going to happen...
legendary
Activity: 1904
Merit: 1002
Just curious, if they are going to liquidate or auction off the stash, do they have to find someone with MSB license to do that? who would that be?

Government agencies are exempted from money transmitter regulations.
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
Just curious, if they are going to liquidate or auction off the stash, do they have to find someone with MSB license to do that? who would that be?
sr. member
Activity: 406
Merit: 250
It looks like the address has been filled in multiple increments of 324 BTC.

324 = FBI? (telephone keypad)
Damn, I bet you're right.
https://www.google.co.uk/search?q=324+FBI&oq=324+FBI&aqs=chrome..69i57j0l4.1598j0j7&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8
324 does seem to be used in their phone numbers so I guess it has significance to the FBI.

Yahoo Awnsers
"i dunno i had a friend tell me once that she actually used to call the fbi (324-fbi on the numbers on the phone) i dunno how true that is call it maybe it works idk and ask questions if you get anything. and im not tryin to be funny i really heard it idk good luck."
N12
donator
Activity: 1610
Merit: 1010
It looks like the address has been filled in multiple increments of 324 BTC.

324 = FBI? (telephone keypad)
Damn, I bet you're right.
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
It looks like the address has been filled in multiple increments of 324 BTC.

324 = FBI? (telephone keypad)
legendary
Activity: 1400
Merit: 1005
Whoa, this is THE top story at forbes.com right now...
legendary
Activity: 1400
Merit: 1005
They got to his main stash of Bitcoins.

fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road

And this is the address they have moved them too, now the largest single address on the network!

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Link doesn't work, it's got issues.
sr. member
Activity: 406
Merit: 250
Has this hit other Bitcoin news networks yet?
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
So now US government owns the largest single address on the network, it becomes more interesting...
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