Wow now country of australia discivered bitcoin is profitable. It is a good news if other country knows it many will curious about bitcoin and many bitcoin user will start their journey in bitcoin. What country should next to discover it so that it will help a lot to many bitcoin user. If we are many theres a chance that the demand of bitcoin will rise so the price of it will rise too.
the australian goverment did discover but nor "literally", they just seized it and see the value now balloning,there's no statement that saying they're now discovering the benefits of bitcoin i think 
Topic: Australia just discovered that investing in Bitcoin is profitable - page 2. (Read 1193 times)
June 20, 2016, 08:01:31 AM
June 20, 2016, 07:57:35 AM
why would governments mine bitcoin?
much cheaper to pay a few 'officers' $200 each for a few days work to raid bitcoin services
think about it
receive a complaint from a customer of a bitcoin service. 5 minutes labour to read complaint.
check location of bitcoin service. 5 minutes labour
prepare a court order electronically. 5 minutes labour
pay the court administration
assemble a team
then go raid the location and raid, raid raid.
all done for under $2000(costs all included). reward=$18m
much cheaper to pay a few 'officers' $200 each for a few days work to raid bitcoin services
think about it
receive a complaint from a customer of a bitcoin service. 5 minutes labour to read complaint.
check location of bitcoin service. 5 minutes labour
prepare a court order electronically. 5 minutes labour
pay the court administration
assemble a team
then go raid the location and raid, raid raid.
all done for under $2000(costs all included). reward=$18m
June 20, 2016, 07:02:09 AM
24,518 BTC seized in 2012, when they were worth $336,000, are currently being auctioned by Ernst & Young and, as of today, they're worth $18,600,000. A gift from Satoshi to Australian taxpayers 
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
I wonder will China or Japan will use their supercomputers to mine crypto. Put research aside! Haha
They used a supercomputer for mining, but it isn't much better than a few GPUs. It would be a waste of processing power, even for a supercomputer.
https://www.cryptocoinsnews.com/harvard-student-uses-14000-core-supercomputer-mine-dogecoin/
24,518 BTC seized in 2012, when they were worth $336,000, are currently being auctioned by Ernst & Young and, as of today, they're worth $18,600,000. A gift from Satoshi to Australian taxpayers
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
I think this is a good news for bitcoin because it will increase the demand on it resulting to a pump on the price again. http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
Something tells me that governments learned a long time ago that seizing peoples' money is quite profitable.
This is kind of robbery done by Australian government from private parties and now they are making huge profit within just 4 years.
Government don't want the money and power to be distributed to their people for free. They want these to be with them only so that they can live a comfortable life and the normal people die out of misery.
This is not a Democratic structure. I wish some hacker hacks out these bitcoins from them.
Government don't want the money and power to be distributed to their people for free. They want these to be with them only so that they can live a comfortable life and the normal people die out of misery.
This is not a Democratic structure. I wish some hacker hacks out these bitcoins from them.
Amazing to see that wheels of justice in Australia moves so slow that it takes more than 4 years to organize auction of seized property. Good for them though.
I guess appeal of Ross Ulbricht will take another 10 years just to go through whole bureaucratic machine of clerical nonsense.
I guess appeal of Ross Ulbricht will take another 10 years just to go through whole bureaucratic machine of clerical nonsense.
Hmm. Good that they did not auction off or throw away these Bitcoin back in 2012. I hope that these 20 000 and more Bitcoin will be sold for the correct price - and not lesser. I also hope that with this news, more people will agree that Bitcoin is a good currency to invest in.
Another great source of income will be the tax from the potential candidate of Satoshi, Dr Craig...
Imagine if he holds 1 million BTC and need to pay tax for these coin based on today's price... Maybe Australia government should consider accepting BTC for tax payment as well.
Imagine if he holds 1 million BTC and need to pay tax for these coin based on today's price... Maybe Australia government should consider accepting BTC for tax payment as well.
24,518 BTC seized in 2012, when they were worth $336,000, are currently being auctioned by Ernst & Young and, as of today, they're worth $18,600,000. A gift from Satoshi to Australian taxpayers
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
I wonder will China or Japan will use their supercomputers to mine crypto. Put research aside! Haha
Wow now country of australia discivered bitcoin is profitable. It is a good news if other country knows it many will curious about bitcoin and many bitcoin user will start their journey in bitcoin. What country should next to discover it so that it will help a lot to many bitcoin user. If we are many theres a chance that the demand of bitcoin will rise so the price of it will rise too.
24,518 BTC seized in 2012, when they were worth $336,000, are currently being auctioned by Ernst & Young and, as of today, they're worth $18,600,000. A gift from Satoshi to Australian taxpayers
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
http://www.theaustralian.com.au/business/technology/cops-red-tape-and-a-25m-bitcoin-windfall/news-story/6de90658f976c3d1164fe8012241e55b?nk=db90bc3a56e034453f40669b544d006d-1466412588
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