Author

Topic: Bitcoin's Tension and the FBI (Read 1366 times)

legendary
Activity: 1764
Merit: 1002
October 28, 2013, 12:19:18 AM
#6
If the USA wants to be the biggest Bitcoin owner to influence the price seizing coins is a better strategy than buying them Wink

now what do they do?

back over $200!
member
Activity: 74
Merit: 10
October 27, 2013, 04:45:49 AM
#5
If the USA wants to be the biggest Bitcoin owner to influence the price seizing coins is a better strategy than buying them Wink
legendary
Activity: 1764
Merit: 1002
October 27, 2013, 04:42:40 AM
#4
it appears the FBI wants to be address #1.

that's a source of tension.
legendary
Activity: 3430
Merit: 3071
October 26, 2013, 01:14:40 PM
#3
This message is the basis of a crowdfunded advertising campaign I would happily donate to. Feeling Bitcoin Tension yet? Couple of BTC in a fresh wallet is the most soothing remedy...
sr. member
Activity: 302
Merit: 250
October 26, 2013, 12:59:10 PM
#2
Keep promoting/buying Bitcoin and it will take their power away. 

Here is another link below which is typical of the blind governments.

https://bitcointalksearch.org/topic/overzealous-aml-is-hurting-the-economy-one-impeded-investment-at-the-time-315224
legendary
Activity: 1764
Merit: 1002
October 26, 2013, 12:39:17 PM
#1
Bitcoin's Tension is the term i've used lately to describe the inexplicable rise of this new bad boy on the block.

just what is Bitcoin?  the masses don't seem to know.  unlike a traditional security there is no CEO, there is no Bd of Directors, there is no corporate office, there is no address, there is no prospectus, there are no financial statements.  no one is backing the darn thing.  then why would any rational person put money into it?  answer:  b/c the price is rising like a bullet, the thing won't die, we are going on a half decade of longevity, more and more famous ppl are climbing on board, central banks seem to be fearful of it, and the FBI has just completed a massive effort to gain control of it.  therein lies the Tension.

you can literally hear the gnashing of teeth as the price goes parabolic to dizzying higher highs followed by the inevitable crashes to higher lows.  "why oh why?" screams The Money Honey (Mario Bartiromo) and her CNBS BS'ers.  what could possibly be behind this here Bitcoin?  simple answer Honey; it's The People.  what a scary thought.  hence moar Tension.

which brings me to the FBI.  the mere fact that they have made such a massive effort to gain control of DPR's BTC stash is all you need to know.  the effort alone is enough to alleviate a great amount of Bitcoin's Tension.  it's like taking 2 Vicodin after a splitting headache.  oh, it feels so good.  why?  b/c it doesn't matter if they hold it or sell it.  the mere effort means they value it.  if they value it, then why wouldn't you?  after all, we're talking about one of the most powerful governmental organizations on the planet who's mission is to only do good for our nation and our people.  

which then brings me to what are they going to do with it?  as i just said, it doesn't matter to Bitcoin either way.  if they sell, they will just be distributing all those coins to enthusiasts who are eager to get their hands on difficult to obtain BTC.  it will serve to distribute those coins far and wide which will only help the Bitcoin economy and move alot of those coins offshore.  if they decide to hold them, they will be able to use them for all the benevolent US centric activities they engage in, not to mention benefiting from the further upcoming price increases.  i feel moar Tension.

if i had to bet, i think they'll hold onto a greater part of their new found stash.  after all, what's a measly $28.5 M in fiat compared to its BTC equivalent and its future potential?  not that it matters.

the headache is coming back.
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