Do you think some countries already adding BTC to their reserves? - page 2.

empoweoqwj

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Quote from: TonyOliver on December 23, 2013, 10:57:38 PM

He wants to keep them apparently

http://www.huffingtonpost.com/2013/12/23/silk-road-bitcoin-30-million_n_4493150.html

Says "he wants them back". Well that means he's given them up already Huh

TonyOliver

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It's an interesting stance really - if they do keep them - they legitimise them as a real asset.

TonyOliver

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He wants to keep them apparently

http://www.huffingtonpost.com/2013/12/23/silk-road-bitcoin-30-million_n_4493150.html

empoweoqwj

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Quote from: CoinCidental on December 23, 2013, 10:27:28 AM

Quote from: empoweoqwj on December 23, 2013, 09:28:32 AM

Quote from: CoinCidental on December 23, 2013, 06:33:18 AM

Quote from: zimmah on December 23, 2013, 06:04:04 AM

One could argue the USA already has a substantial amount of BTC @ the FBI.

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

thats a very sustancial number cominbined with the missing silk rd wallets if DPR ever gives them up

probably get waterboarded for them. nobody can stand that

would not be a bit surprised if they throw him in a really hardcore prison where stuff like beatings or gangrape happens daily until he gives the coins up and gets moved somewhere with a bit more protection ........

if i were him id probably give them the coins but as soon as he does that hes lost his only bargaining chips
its a tough decision .....
theyre going to throw the book at him anyway for making them look silly for all the years they were unable to catch him

He'll give the coins up in the spirit of co-operation i.e. attempt at sentence reduction. probably no waterboarding needed in reality Wink

TonyOliver

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Quote from: EndTheFed321 on December 23, 2013, 04:06:25 PM

wishful thinking would be a YES, but the truth is that NO country has added BTC to their reserve Sad

Except the USA and Germany and Ireland who have all seized them from the proceeds of crime as discussed earlier in this thread.

EndTheFed321

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wishful thinking would be a YES, but the truth is that NO country has added BTC to their reserve Sad

TonyOliver

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The Chinese couldn't buy every bitcoin in existence as their purchasing program would affect the market - making the last bitcoin not owned by them incredibly valuable.

Think about it.

bonker

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Quote from: CoinCidental on December 23, 2013, 05:54:30 AM

Quote from: bonker on December 23, 2013, 03:22:04 AM

Quote from: smoothrunnings on December 22, 2013, 03:56:20 PM

Quote from: bonker on December 22, 2013, 01:28:27 PM

The recent China dump was a deliberate act of market manipulation by the Chinks to lower BTC price and allow China to add to its reserves... FACT!

Any country lumbered with USD will be unofficially buying BTC

You need to get your facts straight. China simply wanted to keep bitcoin separate from the banks and their fiat currency. When you put your fiat money do you really know what happens to it? Do you know the long-term damage that is caused to the government and the banking system when you take your fiat money out and put it into a digital currency like bitcoin? It doesn't sound like you do otherwise you wouldn't be making this accusations about China.

Banks aren't going to go down without a fight, expect to see more of this around the world and at the same time the media outlets reporting as they want you to see it an hear it but not what really is going on.

This is why I don't rarely watch the news on the TV, and see why now with the control the media has over people like yourself why the "wealthy" not the "rich" are raised without a TV.

Sorry buddy, could you re-phrase this rambling gibberish into a succinct and coherent arguement?

I restate: The Chinks deliberately manipulated the Bitcoin market recently so they could add it to their reserves... still a FACT!

the chinese goverment could buy every coin in the exchanges if they wanted to
the fed is not the only one who can print shitloads of cash with nothing behind it lol
there would be no need to crash the price to get it cheaper for the likes of the chinese govt

The best method is still a market crushing news flash so the chinks can buy out panicking yanks....

CoinCidental

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Quote from: jbreher on December 23, 2013, 02:41:59 PM

Quote from: CoinCidental on December 23, 2013, 06:33:18 AM

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

Alas, it appears that BTCST was a bitcoin-denominated Ponzi. As such, new investment was rolled into 'profits' for older investors. Consequently, little if any XBT is likely to remain.

I wish it were otherwise - I'd be ecstatic with even pennies on the dollar.

even if it was a ponzi ,many people didnt have time to withdraw anything
there shoud still be some surplus of coins if not the 500-700k btc that some
people say was "invested"

others say there is only 230k btc when it imploded but surely these coins along
with the 640k btc from all the silk rd wallets is nearly a million btc if not more

if these numbers are anywhere near accurate the us govt maybe in control of over 8%
of all the bitcoins mined so far .......from just these two guys

jbreher

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lose: unfind ... loose: untight

Quote from: CoinCidental on December 23, 2013, 06:33:18 AM

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

Alas, it appears that BTCST was a bitcoin-denominated Ponzi. As such, new investment was rolled into 'profits' for older investors. Consequently, little if any XBT is likely to remain.

I wish it were otherwise - I'd be ecstatic with even pennies on the dollar.

CoinCidental

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Quote from: empoweoqwj on December 23, 2013, 09:28:32 AM

Quote from: CoinCidental on December 23, 2013, 06:33:18 AM

Quote from: zimmah on December 23, 2013, 06:04:04 AM

One could argue the USA already has a substantial amount of BTC @ the FBI.

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

thats a very sustancial number cominbined with the missing silk rd wallets if DPR ever gives them up

probably get waterboarded for them. nobody can stand that

would not be a bit surprised if they throw him in a really hardcore prison where stuff like beatings or gangrape happens daily until he gives the coins up and gets moved somewhere with a bit more protection ........

if i were him id probably give them the coins but as soon as he does that hes lost his only bargaining chips
its a tough decision .....
theyre going to throw the book at him anyway for making them look silly for all the years they were unable to catch him

empoweoqwj

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Quote from: CoinCidental on December 23, 2013, 06:33:18 AM

Quote from: zimmah on December 23, 2013, 06:04:04 AM

One could argue the USA already has a substantial amount of BTC @ the FBI.

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

thats a very sustancial number cominbined with the missing silk rd wallets if DPR ever gives them up

probably get waterboarded for them. nobody can stand that

CoinCidental

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Si vis pacem, para bellum

Quote from: zimmah on December 23, 2013, 06:04:04 AM

One could argue the USA already has a substantial amount of BTC @ the FBI.

+ pirate@40 surely will have his coins confiscated when he gets to court for the BTCST

thats a very sustancial number cominbined with the missing silk rd wallets if DPR ever gives them up

empoweoqwj

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Quote from: zimmah on December 23, 2013, 06:04:04 AM

One could argue the USA already has a substantial amount of BTC @ the FBI.

Already made that point earlier in the thread

zimmah

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One could argue the USA already has a substantial amount of BTC @ the FBI.

CoinCidental

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Si vis pacem, para bellum

Quote from: bonker on December 23, 2013, 03:22:04 AM

Quote from: smoothrunnings on December 22, 2013, 03:56:20 PM

Quote from: bonker on December 22, 2013, 01:28:27 PM

The recent China dump was a deliberate act of market manipulation by the Chinks to lower BTC price and allow China to add to its reserves... FACT!

Any country lumbered with USD will be unofficially buying BTC

You need to get your facts straight. China simply wanted to keep bitcoin separate from the banks and their fiat currency. When you put your fiat money do you really know what happens to it? Do you know the long-term damage that is caused to the government and the banking system when you take your fiat money out and put it into a digital currency like bitcoin? It doesn't sound like you do otherwise you wouldn't be making this accusations about China.

Banks aren't going to go down without a fight, expect to see more of this around the world and at the same time the media outlets reporting as they want you to see it an hear it but not what really is going on.

This is why I don't rarely watch the news on the TV, and see why now with the control the media has over people like yourself why the "wealthy" not the "rich" are raised without a TV.

Sorry buddy, could you re-phrase this rambling gibberish into a succinct and coherent arguement?

I restate: The Chinks deliberately manipulated the Bitcoin market recently so they could add it to their reserves... still a FACT!

the chinese goverment could buy every coin in the exchanges if they wanted to
the fed is not the only one who can print shitloads of cash with nothing behind it lol
there would be no need to crash the price to get it cheaper for the likes of the chinese govt

Bitcoinpro

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why would they need too

bonker

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Quote from: smoothrunnings on December 22, 2013, 03:56:20 PM

Quote from: bonker on December 22, 2013, 01:28:27 PM

The recent China dump was a deliberate act of market manipulation by the Chinks to lower BTC price and allow China to add to its reserves... FACT!

Any country lumbered with USD will be unofficially buying BTC

You need to get your facts straight. China simply wanted to keep bitcoin separate from the banks and their fiat currency. When you put your fiat money do you really know what happens to it? Do you know the long-term damage that is caused to the government and the banking system when you take your fiat money out and put it into a digital currency like bitcoin? It doesn't sound like you do otherwise you wouldn't be making this accusations about China.

Banks aren't going to go down without a fight, expect to see more of this around the world and at the same time the media outlets reporting as they want you to see it an hear it but not what really is going on.

This is why I don't rarely watch the news on the TV, and see why now with the control the media has over people like yourself why the "wealthy" not the "rich" are raised without a TV.

Sorry buddy, could you re-phrase this rambling gibberish into a succinct and coherent arguement?

I restate: The Chinks deliberately manipulated the Bitcoin market recently so they could add it to their reserves... still a FACT!

empoweoqwj

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Quote from: smoothrunnings on December 22, 2013, 12:38:27 PM

Quote from: empoweoqwj on December 22, 2013, 06:09:54 AM

Quote from: Lethn on December 22, 2013, 04:51:07 AM

lol it's not 1.5% but it is a lot I thought it was something like 240,000 BTC from what I saw on articles, definitely a lot but the problem is they haven't been able to access most of it because the wallet is passworded.

lol - like the NSA have no idea how to crack passwords Wink

If you have a password like this (https://www.grc.com/passwords.htm) it will take the NSA an infinite amount of time to crack it.

Enjoy!

Cheesy

Well he wasn't very smart in several areas, that was clear, so I doubt his password was "all that"

cdog

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Quote from: TonyOliver on December 22, 2013, 08:16:06 PM

I wonder if there is any animosity regarding the fact the creator has a Japanese name - they aren't the best of friends the Chinese and Japanese.

Quote from: TonyOliver on December 22, 2013, 12:53:43 PM

With a traditional computer that is essentially true - but couldn't a quantum computer perform an infinite amount of computations in a finite time? Or have I misunderstood the principle of quantum computing. I wouldn't put it past the NSA having this technology. Alternatively they may have a back door into the current encryption method - which is probably worth more to them not to reveal.

OK, welcome to the forums glad you made it. So please dont take this the wrong way:

You need to read more on here (lurk) and use the search function before you start posting these brain farts of yours all over the place.

All of these points you mentioned have been discussed ad nauseam on BTCTalk. By people with IQs much higher than you or me.

BTCTalk is a great place to learn and remember what being a student is like:

Be quiet in class, listen carefully to the teachers and smart kids and DO YOUR HOMEWORK! Grin

Topic: Do you think some countries already adding BTC to their reserves? - page 2. (Read 4658 times)