If you asked the FBI to HODL the coins they would ignore you. Ask them to hold the coins and perhaps.....nah they won't.
Are we still using hodl?
Topic: Can we all write to FBI asking not to sell bitcoins but hodl them? - page 3. (Read 3101 times)
June 15, 2014, 01:31:32 AM
sr. member
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 15, 2014, 01:07:53 AM
OP, do you think that the FBI will listen to us ?
There are issues which are beyond all of us.
There are issues which are beyond all of us.
You would probably have a greater chance that they would not sell the coins if we told them that we wanted them to sell the coins.
June 14, 2014, 12:00:25 PM
OP, do you think that the FBI will listen to us ?
There are issues which are beyond all of us.
There are issues which are beyond all of us.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 14, 2014, 11:58:17 AM
I just wonder what they did with
A: The bitcoins they earned from selling the Cocaine to the SR vendors.
and
B: Why they didn't announce "Supertrips" bitcoin auction similar to this way? Maybe they just sold them on bitstamp.
A: The bitcoins they earned from selling the Cocaine to the SR vendors.
and
B: Why they didn't announce "Supertrips" bitcoin auction similar to this way? Maybe they just sold them on bitstamp.
a - those coins were not seized, they were voluntarily given to the FBI, so the FBI would not need to dispose of them in the same way.
b - this was likely a much smaller amount so they would not need to generate as much interest to be able to sell them.
June 13, 2014, 11:58:45 PM
I just wonder what they did with
A: The bitcoins they earned from selling the Cocaine to the SR vendors.
and
B: Why they didn't announce "Supertrips" bitcoin auction similar to this way? Maybe they just sold them on bitstamp.
A: The bitcoins they earned from selling the Cocaine to the SR vendors.
and
B: Why they didn't announce "Supertrips" bitcoin auction similar to this way? Maybe they just sold them on bitstamp.
June 13, 2014, 11:00:47 PM
A little literature has appeared on blockchain.info, a derivation of Francisco d'Anconia's money speech from Atlas Shrugged to be precise.
Compared to the usual drivel left in public notes, I have to say I found this quite enlightening. Thought it's worth a share.
https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
Compared to the usual drivel left in public notes, I have to say I found this quite enlightening. Thought it's worth a share.
https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
June 13, 2014, 10:53:49 PM
You know what the US gov can also do with the coins once sold? Track them for a long time. The bidder does not truly buy "clean" coins.
This could be an experiment for them to learn how successful they can be at following these sold coins.
This could be an experiment for them to learn how successful they can be at following these sold coins.
Oh, no!
Surely the federal police of the Land of The Free And Home of The Brave would never do anything like that?
June 13, 2014, 10:16:09 PM
You know what the US gov can also do with the coins once sold? Track them for a long time. The bidder does not truly buy "clean" coins.
This could be an experiment for them to learn how successful they can be at following these sold coins.
This could be an experiment for them to learn how successful they can be at following these sold coins.
June 13, 2014, 10:11:28 PM
I don't understand the prevailing mood. It is a good thing that the US government is offloading its Bitcoin stash. Such a huge stash with a hostile government could act as a trojan horse for Bitcoin in the future. Actually we should welcome this step.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 13, 2014, 10:07:03 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
it'll still be a net positive if the auction draws massive whales that would otherwise not have dipped their feet., something like an impetus for wallstreet to join the game. but no one knows whether that will happen or not.
This is not necessarily true.
What the auction will do is create supply that would not otherwise be there.
June 13, 2014, 10:06:38 PM
You people have not yet figured out that the US government is going to auction the seized Bitcoins in a manner following the law and there is not the least fucking thing that you can do about it.
June 13, 2014, 10:02:30 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
it'll still be a net positive if the auction draws massive whales that would otherwise not have dipped their feet., something like an impetus for wallstreet to join the game. but no one knows whether that will happen or not.
Perhaps large whales or wall street will join, but they will not be buying from the current pool of available bitcoins, which has no positive effect on driving prices up. They buy directly from FBI, which has a potential of crashing the price afterwards.
whales are called whales for a reason, and wallstreeters play big. they would start buying bitcoins, not just from the FBI.. as investments.
June 13, 2014, 09:58:52 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
it'll still be a net positive if the auction draws massive whales that would otherwise not have dipped their feet., something like an impetus for wallstreet to join the game. but no one knows whether that will happen or not.
Perhaps large whales or wall street will join, but they will not be buying from the current pool of available bitcoins, which has no positive effect on driving prices up. They buy directly from FBI, which has a potential of crashing the price afterwards.
June 13, 2014, 09:09:06 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
it'll still be a net positive if the auction draws massive whales that would otherwise not have dipped their feet., something like an impetus for wallstreet to join the game. but no one knows whether that will happen or not.
Who else do you think will buy them?
Dank?
June 13, 2014, 04:12:23 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
it'll still be a net positive if the auction draws massive whales that would otherwise not have dipped their feet., something like an impetus for wallstreet to join the game. but no one knows whether that will happen or not.
June 13, 2014, 04:02:34 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
*seriously though, I gotta agree with the fella that says it doesn't matter if the coins are sold on an exchange or privately, the same exact price manipulation BS can take place with private holders literally minutes after they receive their coins from the fed.
June 13, 2014, 03:33:06 PM
I dont see too much of an issue with this. It's a private auction with the coins, not a exchange selling them off. If they went to an exchange to do this, I would be very concerned, but with a private auction it creates a sale outside of the BTC ecosystem and should have little effect on the price aside from speculator fears.
It doesn't matter if the mass amount of coins are sold on exchange, or privately. It'll eventually trickle down to the market. Sure the FBI isn't originally dumping it on an exchange, but there is no guarantee that the auction winner will not in turn dump it on an exchange or hold them.
June 13, 2014, 01:53:52 PM
If you talk with the FBI they will laugh in your face 
Nope. They will first confiscate your system and other stuff, and then they will launch an inquiry in to your alleged dealings in the TOR black markets such as Silk Road and Agora Marketplace.
June 13, 2014, 12:31:52 PM
If you talk with the FBI they will laugh in your face
June 13, 2014, 12:19:19 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.
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
No, bitcoins must flow.
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