Can we all write to FBI asking not to sell bitcoins but hodl them?

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Quote from: ShakyhandsBTCer on June 15, 2014, 09:58:43 PM

Quote from: DoomDumas on June 15, 2014, 09:51:58 PM

Quote from: xhomerx10 on June 15, 2014, 07:51:37 AM

Actually, with the national debt at 17.5 trillion dollars, those bitcoins even at 1 million dollars each would pay only 0.17% of the debt.... not even close to a few percent. Why does the US marshals office get the proceeds from these anyway?! If anything they should donate them to charities.

good math, but sorry, those are official figures.. if you include IOU notes on social security and many other IOU.. like the foreing country gold that is supposed to be in new york.. they real U$ debt if far beyond 80 trillion ! (source : Agora Financial)

like for the CPI, the entire world is being fooled by those "official numbers"...do your reasearsh, think by yourself, the whole system is on they verge of an inimaginable colapse.. Im quite surprised that all this bluff still old... the day the dollars value of Bitcoin is no more interesting is not so far.. soon bitcoins will be valuable as a mean of exchange for goods, without a $ price tag attached to.

Get a grip, all this is about to explode hard !

personal opinions here.. do your search if you want !

They need to sell the coins because of how the law is written

yes for sure, totally agree

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: DoomDumas on June 15, 2014, 09:51:58 PM

Quote from: xhomerx10 on June 15, 2014, 07:51:37 AM

Actually, with the national debt at 17.5 trillion dollars, those bitcoins even at 1 million dollars each would pay only 0.17% of the debt.... not even close to a few percent. Why does the US marshals office get the proceeds from these anyway?! If anything they should donate them to charities.

good math, but sorry, those are official figures.. if you include IOU notes on social security and many other IOU.. like the foreing country gold that is supposed to be in new york.. they real U$ debt if far beyond 80 trillion ! (source : Agora Financial)

like for the CPI, the entire world is being fooled by those "official numbers"...do your reasearsh, think by yourself, the whole system is on they verge of an inimaginable colapse.. Im quite surprised that all this bluff still old... the day the dollars value of Bitcoin is no more interesting is not so far.. soon bitcoins will be valuable as a mean of exchange for goods, without a $ price tag attached to.

Get a grip, all this is about to explode hard !

personal opinions here.. do your search if you want !

They need to sell the coins because of how the law is written

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Quote from: xhomerx10 on June 15, 2014, 07:51:37 AM

Actually, with the national debt at 17.5 trillion dollars, those bitcoins even at 1 million dollars each would pay only 0.17% of the debt.... not even close to a few percent. Why does the US marshals office get the proceeds from these anyway?! If anything they should donate them to charities.

good math, but sorry, those are official figures.. if you include IOU notes on social security and many other IOU.. like the foreing country gold that is supposed to be in new york.. they real U$ debt if far beyond 80 trillion ! (source : Agora Financial)

like for the CPI, the entire world is being fooled by those "official numbers"...do your reasearsh, think by yourself, the whole system is on they verge of an inimaginable colapse.. Im quite surprised that all this bluff still old... the day the dollars value of Bitcoin is no more interesting is not so far.. soon bitcoins will be valuable as a mean of exchange for goods, without a $ price tag attached to.

Get a grip, all this is about to explode hard !

personal opinions here.. do your search if you want !

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

I bet they wont care at all... this is a big place with a lot of procedure and filter.. mails are filtered many ways (humans \ software) before any can arrive to the desk of someone who would be in position to forward the point to another someone who have a little influence on some that can take a decision... IMO, the only effect that writing to them about BTC can have is to tag everyone who wrote an email in THE database, as being a possible 4ctiivist or t3rrror1st..

If anyone wish to write to this entity about BTC should use every possible precotion to remain annonymous !

was my 2 satoshis Wink

commandrix

hero member

Activity: 798

Merit: 1000

Quote from: LostDutchman on June 15, 2014, 08:57:41 PM

Quote from: commandrix on June 15, 2014, 07:06:37 PM

Quote from: LostDutchman on June 15, 2014, 06:37:34 PM

Many of you people live in a dream world and do not understand the law.

You are certainly welcome to try and educate the Bitcointalk members who don't know that law enforcement is legally required to sell seized assets including Bitcoin.

Yeah, it is kind of pointless, isn't it?

There is some merit to the saying, "Never wrestle with a pig. He just enjoys it and you both get dirty." I like to think that most people (even a lot of the people here) have a brain in their head but I've learned to never go more than two or three rounds with certain kinds of people, y'know?

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: commandrix on June 15, 2014, 07:06:37 PM

Quote from: LostDutchman on June 15, 2014, 06:37:34 PM

Many of you people live in a dream world and do not understand the law.

You are certainly welcome to try and educate the Bitcointalk members who don't know that law enforcement is legally required to sell seized assets including Bitcoin.

Yeah, it is kind of pointless, isn't it?

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: commandrix on June 15, 2014, 07:06:37 PM

Quote from: LostDutchman on June 15, 2014, 06:37:34 PM

Many of you people live in a dream world and do not understand the law.

You are certainly welcome to try and educate the Bitcointalk members who don't know that law enforcement is legally required to sell seized assets including Bitcoin.

In the event that DPR/Ross Ulbright wins the case the funds would likely be returned to him regardless.

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: commandrix on June 15, 2014, 07:06:37 PM

Quote from: LostDutchman on June 15, 2014, 06:37:34 PM

Many of you people live in a dream world and do not understand the law.

You are certainly welcome to try and educate the Bitcointalk members who don't know that law enforcement is legally required to sell seized assets including Bitcoin.

Quote from: RUEHL on June 15, 2014, 07:10:13 PM

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."

you can spot a drug user/dealer because they want the seized bitcoins deleted as some form of "stick it to the man"

you can spot a true bitcoiner when they say
'dont ruin bitcoins frangibility by changing the code, leave it as is and stop crying like babies'
'if the government sell the coins then they are saying that bitcoins are a legal asset that can be used'

all those sticking it to the man are just shooting yourself in the foot.

commandrix

hero member

Activity: 798

Merit: 1000

Quote from: LostDutchman on June 15, 2014, 06:37:34 PM

Many of you people live in a dream world and do not understand the law.

You are certainly welcome to try and educate the Bitcointalk members who don't know that law enforcement is legally required to sell seized assets including Bitcoin.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

IMO its better for them to sell them and get it over with. We don't want them to have any control over the market, and a holding of that size has the ability to move the market whenever they choose to do so

LostDutchman

sr. member

Activity: 476

Merit: 250

Many of you people live in a dream world and do not understand the law.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: BTCisthefuture on June 15, 2014, 01:06:15 PM

We could. But they wont listen. They've decided to auction them off and that's what will happen.

Law enforcement isnt in the business of holding onto seized assets even if they may go up in value of time. They aren't an investment firm. It's the norm to sell off seized items and it's not going to change.

To be honest, without considering if they should seize or not, it seems pretty understandable that they don't speculate and hold the assets

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: cuddaloreappu on June 12, 2014, 10:50:00 PM

yeah they too can hodl them and benefit if bitcoin goes to moon!..
no point in selling now...they too can add wealth to FBI..

maybe buy some FBI gadgets using bitcoins.

not sure if trolling or ..
anyways; they have no licence that would allow them to trade seized assets. From that, auctioning them in bulk seams like a logical solution, whether they would get more money trading it , or not.
also, keep in mind that they paid 0 $ for them, so, from that, their profit is 100%

As Ferengi rules of aquisition states : "Anything stolen is pure profit"

ok, they didnt steal,they seized, but whats the difference anyway

TEDmachine

newbie

Activity: 25

Merit: 0

It fills my heart with joy seeing people being hilarious with the FBI wallet.

BTCisthefuture

sr. member

Activity: 364

Merit: 250

We could. But they wont listen. They've decided to auction them off and that's what will happen.

Law enforcement isnt in the business of holding onto seized assets even if they may go up in value of time. They aren't an investment firm. It's the norm to sell off seized items and it's not going to change.

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: cuddaloreappu on June 12, 2014, 10:50:00 PM

yeah they too can hodl them and benefit if bitcoin goes to moon!..
no point in selling now...they too can add wealth to FBI..

maybe buy some FBI gadgets using bitcoins.

I haven't read any other responses here, but here's mine: Hell to the No.

You really want the US Government to be one of the biggest holders of Bitcoin?

LOL!!! Insanity.

-B-

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: cuddaloreappu on June 15, 2014, 12:19:02 PM

you seriously believe some high ranking officials from DOJ , FBI , US marshalls have not invested in bitcoins?

because if they really did, we can be atleast sure they wont do much harm

High ranking officials DOJ FBI US marshalls don't have all the power

Politicians are invested in Bitcoin

commandrix

hero member

Activity: 798

Merit: 1000

Well, I don't know about the FBI, but I'm pretty sure that most police departments are actually legally required to hold public auctions to sell seized property. So emailing them with a request not to sell would do absolutely no good.

cuddaloreappu

hero member

Activity: 756

Merit: 502

you seriously believe some high ranking officials from DOJ , FBI , US marshalls have not invested in bitcoins?

because if they really did, we can be atleast sure they wont do much harm

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: Bobsurplus on June 15, 2014, 08:18:57 AM

I don't know if anyone here mentioned this but the FBI are not selling any BTC, its us US Marshalls! Huge difference if anyone here is really planning on sending an email anywhere!

Cheesy

It really doesn't matter either way.

They are required to do what they are doing by law.

Topic: Can we all write to FBI asking not to sell bitcoins but hodl them? (Read 3101 times)