Government cashed out 3M | Bitcointalksearch.org

fryarminer

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Activity: 686

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Quote from: Holdaaja on April 25, 2014, 09:58:30 AM

No tx or anything, seems fake news.

Remember that there is a lot fake news!
People want you to panic sell so they could buy cheap coins.

Why would this be a panic sell? I see it as a buying opportunity!

Lauda

legendary

Activity: 2674

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Terminated.

Quote from: micheline on May 10, 2014, 07:35:01 AM

Quote from: Lauda on May 10, 2014, 07:22:12 AM

Quote from: vipgelsi on May 09, 2014, 10:37:11 PM

Leave it to the government to sell at a low.

Well I think that we have reached the bottom, and they made a mistake in selling off. But that is better for everyone else, they shouldn't even own those coins.

Yes, I hope they sell all as soon as possible. Government should not own bitcoin, they should be obligated to only use their paper money for centuries to come. Cheesy

Well they still own a lot I believe. They have the right to own coins, just as everyone else does. But I don't like the thought of them owning a big portion of them.

dailycoins

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RatingExpertise.com

Quote from: findftp on April 28, 2014, 02:44:27 PM

blockchain transaction or it didn't happen

+1!

Would like to see it too.

micheline

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Activity: 42

Merit: 0

Quote from: Lauda on May 10, 2014, 07:22:12 AM

Quote from: vipgelsi on May 09, 2014, 10:37:11 PM

Leave it to the government to sell at a low.

Well I think that we have reached the bottom, and they made a mistake in selling off. But that is better for everyone else, they shouldn't even own those coins.

Yes, I hope they sell all as soon as possible. Government should not own bitcoin, they should be obligated to only use their paper money for centuries to come. Cheesy

Holdaaja

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Activity: 1274

Merit: 1000

Quote from: Lauda on May 10, 2014, 07:22:12 AM

Quote from: vipgelsi on May 09, 2014, 10:37:11 PM

Leave it to the government to sell at a low.

Well I think that we have reached the bottom, and they made a mistake in selling off. But that is better for everyone else, they shouldn't even own those coins.

Imagine goverment panic buing them back when we go up Cheesy

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: vipgelsi on May 09, 2014, 10:37:11 PM

Leave it to the government to sell at a low.

Well I think that we have reached the bottom, and they made a mistake in selling off. But that is better for everyone else, they shouldn't even own those coins.

vipgelsi

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Activity: 1736

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Leave it to the government to sell at a low.

findftp

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Delusional crypto obsessionist

Why would they sell BTC when they can print unlimited USD?

LiteCoinGuy

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In Satoshi I Trust

Quote from: Jcw188 on April 25, 2014, 09:55:41 AM

Wow, they already sold that. It's funny, I wonder how they sold the BTC for dollars and received the dollars. It's so hard for US citizens to do that , I wonder what service they used.

local bitcoins i guess

Its About Sharing

legendary

Activity: 1442

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Antifragile

Quote from: Djao on May 09, 2014, 01:52:44 AM

update: the guy plead guilty
http://www.suntimes.com/27314150-761/worlds-most-prolific-online-drug-dealer-pleads-guilty-in-chicago.html#.U2vB2a1dV3d

That is usually how it works. Your choice is to fight a corrupt system and get 40 years if "found" guilty or "accept" a lesser sentence, in this case he hopes 15 years...

And in other news HSBC and Wochovia laundered upwards of 1/2 a BILLION dollars in drug money (comp licitly), which was directly connected to the deaths of 10,000 - 20,000 people, and were let off with a fine that amounted to less than their profits as putting anyone in prison would weaken the banking system, said representatives of the banking system (aka court and government).

Djao

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Risk-hedging platform for cryptocurrency investors

update: the guy plead guilty
http://www.suntimes.com/27314150-761/worlds-most-prolific-online-drug-dealer-pleads-guilty-in-chicago.html#.U2vB2a1dV3d

grifferz

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Quote from: bigasic on April 28, 2014, 02:37:30 PM

Dont forget the 120k plus bitcoins that russ ulbricht and the govt agreed to sale. This was agreed to a month or two ago. So, 120k plus coins hitting the market would def bring the price down.. not only that, the original coins that were seized were also going to be converted to fiat..

Those coins are still in the same address. They have not been moved. They probably can't be moved until after the trial is done with and he is found guilty (potentially years).

Even then we have no indication of how those coins will be sold, so we can't tell for sure if it will drive the price down. The US gov dumping them on an exchange doesn't sound very likely. An auction of them all at a fixed price sounds more likely.

All of the press releases about this right now are just posturing.

It would be good to see a transaction id for the other sale that is mentioned.

HCLivess

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=== NODE IS OK! ==

Quote from: MrWDunne on April 27, 2014, 04:33:02 PM

I do not understand how this was legal, considering he has not been tried and found guilty yet.

The real world is different to what most of us think. Government implants naivete in us in order to control us under false pretenses.

Djao

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here's the reddit discusion, not very interesting but maybe some of you are bored:

http://www.reddit.com/r/Bitcoin/comments/245v63/us_government_seized_3m_usd_in_bitcoins_and/

findftp

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Delusional crypto obsessionist

blockchain transaction or it didn't happen

bigasic

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Activity: 924

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Dont forget the 120k plus bitcoins that russ ulbricht and the govt agreed to sale. This was agreed to a month or two ago. So, 120k plus coins hitting the market would def bring the price down.. not only that, the original coins that were seized were also going to be converted to fiat..

counter

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Activity: 798

Merit: 500

Time is on our side, yes it is!

I see this as a bad thing for because this isn't exactly good press IMO. That being said I don't really know what the outcome of this whole things will be so I'll wait and learn more and see what is what for lack of a better term.

Lauda

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Activity: 2674

Merit: 2965

Terminated.

Quote from: Bit_Happy on April 28, 2014, 01:05:48 PM

Long-term wealth?
$3M USD is nothing to the Gov, but someday Satoshis blocks will be worth a stunning amount of fiat and gold.
Does "Satoshi" have control of those blocks?

No Satoshi does not?

Bit_Happy

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A Great Time to Start Something!

Quote from: Lauda on April 28, 2014, 09:48:33 AM

Quote from: gagalady on April 28, 2014, 09:12:01 AM

Bitcoin seems to be used "wrong way", If I'm right It mentioned only $3M usd and no bitcoins officially? But how someone can prove that the gov didn't used bitcoins? There is no proof.

You should read the article. Where would the government use $3M worth of Bitcoins anyways?

Long-term wealth?
$3M USD is nothing to the Gov, but someday Satoshis blocks will be worth a stunning amount of fiat and gold.
Does "Satoshi" have control of those blocks?

jc01480

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Activity: 854

Merit: 500

Nope..

Quote from: Lauda on April 28, 2014, 09:48:33 AM

Quote from: gagalady on April 28, 2014, 09:12:01 AM

Bitcoin seems to be used "wrong way", If I'm right It mentioned only $3M usd and no bitcoins officially? But how someone can prove that the gov didn't used bitcoins? There is no proof.

You should read the article. Where would the government use $3M worth of Bitcoins anyways?

Clandestine operations...

Topic: Government cashed out 3M (Read 4259 times)