If bitcoin is successful then the government would hold a lot of bitcoin that is worth a lot of money but they will have no control over it.
Worth a lot, but notably worth far, far less than the massive, global phoney money empire they currently ride on. 
Topic: Did you know that the US is the Second Largest Bitcoin Holder? - page 2. (Read 3363 times)
lol
the silk road seizure is small fry
we have for instance. the bitcoin foundation now in the UK (hundreds of thousands of coins)
we have a couple private exchanges based in the UK. (with over 100k coins in cold store(international customer owned but UK stored))
we have a couple public exchanges (bitstamp) in the UK with over 100k coins
we have richard branson grabbing a load of coins.
we have apple, facebook and google messing with coins(financially registered in the UK for tax evasion)
we have a belief (due to writing style and UK newspaper in genesis block) that satoshi isin the UK.
so americans are not really hoarding that much. after all
the silk road seizure is small fry
we have for instance. the bitcoin foundation now in the UK (hundreds of thousands of coins)
we have a couple private exchanges based in the UK. (with over 100k coins in cold store(international customer owned but UK stored))
we have a couple public exchanges (bitstamp) in the UK with over 100k coins
we have richard branson grabbing a load of coins.
we have apple, facebook and google messing with coins(financially registered in the UK for tax evasion)
we have a belief (due to writing style and UK newspaper in genesis block) that satoshi isin the UK.
so americans are not really hoarding that much. after all
It sucks that no one stood together and decided not to buy the bitcoins from the government unless they were going to offer the coin for 250 each and thats it. If the bitcoin community didnt buy it Im sure the price of bitcoin would have sold far more cheaper in the auction
It's not like the sole guy who bought them is trying to chop up California into several states or something.
no your right, I was thinking of what Umair said, it would make sense if the community stood against the gov and not paid a dime for them, but greed is greed, and once the greed machine is running, it cant be stopped.
Dialectic behavior.
While warning about the risks of Bitcoin and making lots of regulations that might suffocate Bitcoin, hold as many as you can, so if Bitcoin survives, they will have lots of control over it.
While prepare for the end, also prepare for the situation where Bitcoin thrives.
That way wharever happens, you'll be prepared.
Someone that holds the private keys to an address that has a lot of bitcoin does not have any control over bitcoin. If bitcoin is successful then the government would hold a lot of bitcoin that is worth a lot of money but they will have no control over it. While warning about the risks of Bitcoin and making lots of regulations that might suffocate Bitcoin, hold as many as you can, so if Bitcoin survives, they will have lots of control over it.
While prepare for the end, also prepare for the situation where Bitcoin thrives.
That way wharever happens, you'll be prepared.
I really wonder whether they consciously decided to keep some BTC "just in case", maybe if they really think BTC could be very very valuable at some point or if they really don't care and treat it as some commodity that other people consider valuable.
It's obvious, isn't it? They got more people, don't they? 
It sucks that no one stood together and decided not to buy the bitcoins from the government unless they were going to offer the coin for 250 each and thats it. If the bitcoin community didnt buy it Im sure the price of bitcoin would have sold far more cheaper in the auction
It's not like the sole guy who bought them is trying to chop up California into several states or something.
That gives a serious advantage to US in terms of currency again...it was USD not US-BTC??
Dialectic behavior.
While warning about the risks of Bitcoin and making lots of regulations that might suffocate Bitcoin, hold as many as you can, so if Bitcoin survives, they will have lots of control over it.
While prepare for the end, also prepare for the situation where Bitcoin thrives.
That way wharever happens, you'll be prepared.
While warning about the risks of Bitcoin and making lots of regulations that might suffocate Bitcoin, hold as many as you can, so if Bitcoin survives, they will have lots of control over it.
While prepare for the end, also prepare for the situation where Bitcoin thrives.
That way wharever happens, you'll be prepared.
US Government holds how many US dollars? How much of their sovereignty derives from their power over money?
With only 150,000 out of 13+ million total Bitcoins, how much less powerful will they be after the dollar is dead and gone?
With only 150,000 out of 13+ million total Bitcoins, how much less powerful will they be after the dollar is dead and gone?
Uncle Sam is so good at confiscating and buying cheap coins 
Government way of catching big fish:
Let the illegal business get big, then go in and catch it and confiscate all the money from the owner.
Instant profit.
I just read that fact today. Can't say it isn't worrisome...
Quote
These hoarded bitcoins currently sit at this Bitcoin address: 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw, which is #2 on the BitcoinRichList.
FBI already auctioned off 30k btc. They still have quite the wallet though. And it's quite ironic that btc is decentralized, yet one government has one of the biggest bags.
"Keep your friends close, and your enemies closer" is the logic of an entity that views everything from the perspective of a mafia boss. Which is what the USA government has become.
Wow, those datas are too much!
If US wants it can crash bitcoin in matter of weeks!
If US wants it can crash bitcoin in matter of weeks!
Uncle Sam is so good at confiscating and buying cheap coins
Decentralized things always find their way to the central powers. Bitcoin is no different in this respect!
140,000 bitcoin. Hard to imagine the turbulence they will cause when they decided to sell.
The last time 30k bitcoin went to auction, coin price dropped more than 20% and then recover when someone paying above market rate the the coin.
The last time 30k bitcoin went to auction, coin price dropped more than 20% and then recover when someone paying above market rate the the coin.
It sucks that no one stood together and decided not to buy the bitcoins from the government unless they were going to offer the coin for 250 each and thats it. If the bitcoin community didnt buy it Im sure the price of bitcoin would have sold far more cheaper in the auction
FBI already auctioned off 30k btc. They still have quite the wallet though. And it's quite ironic that btc is decentralized, yet one government has one of the biggest bags.
It's kind of funny since it acts as a leverage mechanism to governments favorably considering it
Since they acquired a stake of that pie from the drug dealers and are willing to resell them lol.
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