Topic: 600,000 coins gone!! DPR's personal wallet un crackable! - page 4. (Read 8185 times)
IMHO, I think those funds will be effectively destroyed. If they ever get unlocked, it will be far, far in the future.
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Even if the FBI is not able to transfer the money, merely having possession of the wallet file itself is enough to prevent the coins being spent.
I guess the guardian should investigate a little more about their topics before printing such false claims.
What are you saying? It's actually possible to have more than one copy of a digital file??
The guardian talks about a message when u encrypt ur wallet file. Something about "all ur backups won't work after this operation" thing.
What are you saying? It's actually possible to have more than one copy of a digital file??
You don't even need a copy of the wallet file, just a hand-written private key will do...Maybe he just has a flyer for a concert lying around in his bedroom, with a QR code actually containing the private key.
He might even know it by heart, I know I would if I had an address with 600k BTC.
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Even if the FBI is not able to transfer the money, merely having possession of the wallet file itself is enough to prevent the coins being spent.
I guess the guardian should investigate a little more about their topics before printing such false claims.
What are you saying? It's actually possible to have more than one copy of a digital file??
The 600,000BTC figure is based on the maximum possible $80m slice of sales he took, no? I would think his private stash would be a good deal lower than 600,000. Still lots for the FBI to sell if they ever get the key and recover it.
Yes, now that you say that, it is. It said in the FBI report that he paid his administrators between $1,000-$2,000 a week, and who knows how many of them there were, plus the costs of running a high security operation like that would likely be pretty high. Even if he had 1/4 of that for his personal gains from the site, that's pretty damn good for 2 1/2 years of work!!
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Even if the FBI is not able to transfer the money, merely having possession of the wallet file itself is enough to prevent the coins being spent.
I guess the guardian should investigate a little more about their topics before printing such false claims.
All speculation at the moment. There's no way for the FBI to tell if he has 600k bitcoins under his control unless he told them. He could be trolling looking for less jail time 
That's sort of what I was thinking. There's no way those coins are all on one wallet is there? Wouldn't that wallet be viewable in the Blockchain?
Below is the FBI's quote from the article. If the wallet is encrypted, then how do they know what's in it? My guess is it must be an encrypted drive, or partition that they can't access, and they are ASSuming that the wallet is there. The one affidavit where the feds were playing hit man it says that he payed for one of the two hits with a cash transfer from a foreign bank, I'd bet that that is where most of his "commission" is. I highly doubt he told them! But then again, he did some pretty f*cking stupid shit!!
"An FBI spokesperson said to Hill that the “$80m worth” that Ulbricht had “was held separately and is encrypted"
The 600,000BTC figure is based on the maximum possible $80m slice of sales he took, no? I would think his private stash would be a good deal lower than 600,000. Still lots for the FBI to sell if they ever get the key and recover it.
All speculation at the moment. There's no way for the FBI to tell if he has 600k bitcoins under his control unless he told them. He could be trolling looking for less jail time
The FBI has control over the site, including its database. They can query it and discover how much money he made on commissions.
Yes but there's no way to know how many he has sold since starting the site.
All speculation at the moment. There's no way for the FBI to tell if he has 600k bitcoins under his control unless he told them. He could be trolling looking for less jail time
The FBI has control over the site, including its database. They can query it and discover how much money he made on commissions.
push some needles under his nails, he will be glad to tell you whatever you want to know
All speculation at the moment. There's no way for the FBI to tell if he has 600k bitcoins under his control unless he told them. He could be trolling looking for less jail time
I didn't see this, 600,000 coins is a shit ton of coins!!!! Any proof of these coins being in DPR's possession??
Side note: I did think that he must have a stash of coins and a VERY valuable private key to go with them
Side note: I did think that he must have a stash of coins and a VERY valuable private key to go with them
This may have been posted already, but I didn't see it. If it has, feel free to delete.
http://www.theguardian.com/technology/2013/oct/07/fbi-bitcoin-silk-road-ross-ulbricht
http://www.theguardian.com/technology/2013/oct/07/fbi-bitcoin-silk-road-ross-ulbricht
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