A great article by Wired on how the FBI might deal (or not deal) with their seized bitcoins:
http://www.wired.com/wiredenterprise/2013/10/silk-road-bust/
Very interesting problem for them: bitcoin has already been legally declared a form of currency, but they have no government-sanctioned method of dealing with bitcoin currency. I'm guessing it either gets sold at auction or they tear up the private key.
Topic: FBI has to follow bitcoin rules! How long will that last? - page 2. (Read 3242 times)
How come the FBI can't get the cash?? 
According to GTA 5, government institutions torture people to get information to get money so this must be true.
How come the FBI can't get the cash??
Is 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX really an address the FBI generated securely and randomly themselves? Or did they just put an unencrypted private key of the Silk Road tumbler onto blockchain.info wallet, a private key that could be stored elsewhere and spent right out from other them?
Nice at least a few more years then.
Are we forgetting about Mt Gox's account that is also locked up by the USG? The more they lock up and would eventually want in their coffer, the longer Bitcoin will stay online.
Nice at least a few more years then.
So FBI "seized" BTC from SR. And by "seized" they had to get their own address and then do a correct signed transaction to send btc to that address. Oh and DPR supposedly has 600k more coins. They are fully visible but can't be seized. It must feel odd not to be able to just take. It's likely FUD but still I wonder how long till governments just say fuck it and simply outlaw bitcoins.
Good news! Bitcon won't be outlaw prior to DPR's trial.
So FBI "seized" BTC from SR. And by "seized" they had to get their own address and then do a correct signed transaction to send btc to that address. Oh and DPR supposedly has 600k more coins. They are fully visible but can't be seized. It must feel odd not to be able to just take. It's likely FUD but still I wonder how long till governments just say fuck it and simply outlaw bitcoins.
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