Topic: Governments now own BTC (Read 3255 times)
i feel uneasy.
They will probably end up in a DEA auction and sold for pennies on the dollar.
I hope the government just deletes them.
Makes my coins 0.25% worth more
Makes my coins 0.25% worth more
Perhaps the US will just hold on to the BTC as a hedge against its own fiat currency going down the toilet. #irony
It's nice.
They can easily use their server farms to mine bitcoins. We couldn't tell how deep they are mining already.
what they will do is tumble the coins they have then use them for drug purchase on other darknet sites to build cases against dealers. they were most likely doing this before SR
seizure, except now they get to do it for free.
seizure, except now they get to do it for free.
nice comic. lol unlike other editorial comics i understood this one pretty fast.
They will probably launder it somehow, otherwise it's quite useless, when everyone knows their btc address.
On another note - awesome caricature in the OP
On another note - awesome caricature in the OP
they'd never put it on an exchange, though... some lucky guy will win the auction for pennies on the dollar. such an opportunity for the one who gets it. where do they announce forfeiture auctions?!?!
Same thing police do with other confiscated property, use it to buy new cars. Since it's the FBI, they'd probably use it for anonymous online payments while investigating drugs/porn/whatever.
Anonymous payments? lol I'm not so sure about that!
https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
Same thing police do with other confiscated property, use it to buy new cars. Since it's the FBI, they'd probably use it for anonymous online payments while investigating drugs/porn/whatever.
Guess what.. that guy with the hat and beard? A fictional character.
Are you suggesting congressmen have been given private multisig keys?
Are you suggesting congressmen have been given private multisig keys?
I bet that in a few years we will hear about the first scandals involving lost or stolen government bitcoins. Wallet security is not a trivial task for a large organizations, and government agencies have a track record of data security blunders.
One positive effect of this is that government agencies will now be forced to fully understand how bitcoin works, whether they want to or not. That will help campaigners such as the Bitcoin Foundation in their efforts of educating governments.
One positive effect of this is that government agencies will now be forced to fully understand how bitcoin works, whether they want to or not. That will help campaigners such as the Bitcoin Foundation in their efforts of educating governments.
indeed, there will be theft of government btc.
to edjucate government agency employees is a nice business idea.
Well damn, the US government has more Bitcoin than me now (not that I have much at all).
Who's to say they didn't have large amounts before SR got busted? They could of been early miners easily.
LOL. They could be Satoshi.
It'd be nice if they dumped it. Gives opportunity to others to buy BTC at a cheaper rate thanks to panic sales that would come afterward.
The us would be better off buying BTC and getting ride of their fiat before it collapses.
They are going to sell it, other then that, they got no real use of bitcoin.
I feel thrilled because this is the cancer being injected
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