Author

Topic: Britain has seized Bitcoins? (Read 2237 times)

legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
November 08, 2013, 10:58:47 PM
#12
Most gov inept, agree?

Inept lose BTC private keys.

Less BTC to go around.

Higher prices for the remaining BTC.

All good.

Or a governments system admin goes missing the same time their stash moves unexpectedly Wink



If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.

full member
Activity: 182
Merit: 100
Fourth richest fictional character
November 08, 2013, 10:48:36 PM
#11
If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
November 08, 2013, 09:10:26 PM
#10
Most gov inept, agree?

Inept lose BTC private keys.

Less BTC to go around.

Higher prices for the remaining BTC.

All good.
hero member
Activity: 770
Merit: 500
November 08, 2013, 09:07:22 PM
#9
Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.
Maybe the UK govs thinks that Bitcoin is based on proof-of-stake Wink?
sr. member
Activity: 434
Merit: 251
November 08, 2013, 06:16:20 PM
#8
governments are lucky they can just take the coins for themselves hope he had it encrypted !!
newbie
Activity: 14
Merit: 0
October 09, 2013, 12:45:25 PM
#7
In reading the new NPR report of more Silk Road arrests, this pops out:

Quote
Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=
Wow everyone will have a chunk of bc for reserve.
hero member
Activity: 531
Merit: 501
October 09, 2013, 11:41:53 AM
#6
In reading the new NPR report of more Silk Road arrests, this pops out:

Quote
Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=

I haven't seen that reported anywhere else. It must be a misquote/lie/bullshit

All these Silk Road threads are getting a bit tedious now. Can we just have one that comments on the fallout as things progress.
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
October 09, 2013, 11:29:33 AM
#5
Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.

I thought it was rather Yogi Berra'ish Smiley
legendary
Activity: 966
Merit: 1004
Keep it real
October 09, 2013, 11:26:40 AM
#4
Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.
legendary
Activity: 4424
Merit: 4794
October 09, 2013, 10:29:40 AM
#3
why start this topic when you just started another UK - SR related topic...

i have never used silk road and im getting a little pee'd that there are dozens of threads all about silk road...

this is like the financial times reporting about someone not paying their TV licence... it wouldn't happen, especially wouldn't require pages of chatter about it..

and yes the analogy is correct,

bitcoin talk - a place to talk about a currency
TV Licence - is paid for using the currency
story - getting arrested for an act that involves the currency use, where the currency itself is not the crime
legendary
Activity: 1619
Merit: 1004
Bitcoiner, Crypto-anarchist and Cypherpunk.
October 09, 2013, 10:23:10 AM
#2
So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

Advantage's of a government ^^
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
October 09, 2013, 10:11:01 AM
#1
In reading the new NPR report of more Silk Road arrests, this pops out:

Quote
Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=
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