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Topic: Bloomberg (Video) Government Sanctioning Bitcoin With FBI Auction (Read 677 times)

sr. member
Activity: 434
Merit: 250
I haven't really thought of it that way before, but it is true.. They are giving it legitimacy by auctioning it off in blocks like they are...

yeah they don't have any choice. it's either legitimize bitcoin, or don't collect on $100 million dollars. it's good news for anyone who is concerned with the government interfering, but i don't think that poses as bitcoin's biggest threat right now.
hero member
Activity: 532
Merit: 500
TaaS is a closed-end fund designated to blockchain
If is not illegal is legal. When did they say was illegal?
legendary
Activity: 1260
Merit: 1029
Well, of course they are legalizing it this way. Imagine, you buy it and some time after you sell pat of it and want to withdraw your money out of the bank. You get into the bank and the ask you: "Sir, where did you get this money". You say: "FBI". How cool that can be  Cool
They have nothing to ask you after that...
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I haven't really thought of it that way before, but it is true.. They are giving it legitimacy by auctioning it off in blocks like they are...
sr. member
Activity: 280
Merit: 257
bluemeanie
certainly significant... -bm
newbie
Activity: 22
Merit: 0
You're right by selling the bitcoins, they are legalizing it as an asset or as a currency!
full member
Activity: 126
Merit: 100
Pretty cool...

http://www.bloomberg.com/video/is-the-government-sanctioning-bitcoin-with-auction-fHjpuE_uQcqc9K88fQaR6g.html

"When a drug dealer's assets are seized, they sell the Ferrari. They don't sell the coke to the public."

"They're not going to turn around and sell you a bunch of weed even, which is legal in I guess most states now..."

"Ok, so basically is this is this sort of sanctioning bitcoin?"

"Yes, I mean in a way the government is saying that this is a legal asset."

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