Topic: Do you think some countries already adding BTC to their reserves? - page 3. (Read 4658 times)
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.
December 22, 2013, 07:39:12 PM
I would not be surprised at all if Chinese govt is diverting some of their USD holdings into BTC as we speak, at cheap prices of course, under 600
After that they will permit moderate BTC business in China again. This will result in 1000+ BTC which would mean that stupid bears have sent their USD straight to China
After that they will permit moderate BTC business in China again. This will result in 1000+ BTC which would mean that stupid bears have sent their USD straight to China
December 22, 2013, 05:55:39 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
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.
I agree that China has a lot more to lose from allowing bitcoins in the mainstream as they threaten the very fabric of the governments control structure. However, that doesn't mean they aren't hedging their bets. Who wouldn't?
December 22, 2013, 03:56:20 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
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.
December 22, 2013, 02:12:23 PM
I'd actually think it would be the later countries, the ones with a lot of money and "spare" cash, who might already be accumulating bitcoin just in case. I know that china doesn't have to divulge what their assets are but I think the fed has to, don't they?
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
Any country lumbered with USD will be unofficially buying BTC
December 22, 2013, 01:15:06 PM
DPR will not get released if he refuses to give up the rest of the coins
or the passwords to the wallets already seized
i dont think hes in much of a position to haggle with the 5 or 6
murder charges they tacked on as well as everything else
the judge will not let him come out to 500,000+ btc
that would be like a bank robber getting to keep the stolen money
to enjoy when he gets out
or the passwords to the wallets already seized
i dont think hes in much of a position to haggle with the 5 or 6
murder charges they tacked on as well as everything else
the judge will not let him come out to 500,000+ btc
that would be like a bank robber getting to keep the stolen money
to enjoy when he gets out
December 22, 2013, 12:58:39 PM
For quantum computing, not true. It can still only do finite work depending on the computer's design, and there still aren't large enugh quantum computers to do SHA256 and mining.
As for SHA being broken, SHA is nothing like Skipjack. It got independently validated.
As for SHA being broken, SHA is nothing like Skipjack. It got independently validated.
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.
December 22, 2013, 12:38:27 PM
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
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!
December 22, 2013, 07:51:12 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
Yeah but your talking about his wallet with all his funds, the one he never needs the private key to access. if he had any idea of security he wouldnt have it with an easy password, let alone somewhere they could get the wallet file.
When the government seizes computers holding a lot of coins and they have access to them, why wouldn't they use them? As long as the coins hold value, they can be used for anything that needs to be covert
Didn't the FBI say they were going to sell them off?
They could sell the coins to themselves... secretly
would be the epitome of stupidity if they sold them. December 22, 2013, 06:46:17 AM
Do they tell the truth?
December 22, 2013, 06:33:28 AM
When the government seizes computers holding a lot of coins and they have access to them, why wouldn't they use them? As long as the coins hold value, they can be used for anything that needs to be covert
Didn't the FBI say they were going to sell them off?
December 22, 2013, 06:21:48 AM
When the government seizes computers holding a lot of coins and they have access to them, why wouldn't they use them? As long as the coins hold value, they can be used for anything that needs to be covert
December 22, 2013, 06:09:54 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
December 22, 2013, 05:41:41 AM
no way they have access to them. they can say they need to keep the bitcoins in the account for evidence. but the blockchain has the history and they have the servers. they have all the evidence they need. they wouldnt risk him being able to move them. If he remembered the private key he could tell it to the lawyer a few characters at a time... if he trusted him enough to move them.
so i call bs on the fbi having access to anything other then the hot wallet.
so i call bs on the fbi having access to anything other then the hot wallet.
December 22, 2013, 05:29:45 AM
Germany is holding at least 1 million Euros in Bitcoin. I dont know of any other high profile seizures. Was there one in Ireland yesterday - a silk road 2 admin?
? Anywho, most of these bitcoin funds will not be held by the treasuries of nationstates - they will be held by their respective spy agencies. It represents a great way for spy agencies to remain unaccountable to the citizens they are supposed to be protecting.
? Anywho, most of these bitcoin funds will not be held by the treasuries of nationstates - they will be held by their respective spy agencies. It represents a great way for spy agencies to remain unaccountable to the citizens they are supposed to be protecting. 
December 22, 2013, 05:10:30 AM
as there are 11 million bitcoins - and you suggest the FBI have 240,000 - that would make it 2.18% if my maths are correct.
So I guess we can put USA to the list of countries secretly holding bitcoins as a reserve. Probably other, smaller countries are holding BTC as well. December 22, 2013, 05:04:07 AM
as there are 11 million bitcoins - and you suggest the FBI have 240,000 - that would make it 2.18% if my maths are correct.
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.
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