Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32389. (Read 26711956 times)

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Wait, the government has access to DPR's accounts?

Great. Just when I thought we were getting away from Bitcoin being associated with entities engaged in unlawful activities.  Undecided
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1372
Merit: 1000
Any proof those are SR's earnings?

And why in blocks of 324 BTC, seems to be a completely arbitrary number?

324 = FBI on a phone keybord. (it was is Girlfriend sitting in the wafting room doing laundry)

While this sounds like conspiracy, this could be a bigger public scam than the first Pirate to hit the Bitcoin tabloids.  I will reserve judgment until I see an official statement form a related department or many reporters report of a hearing in a US courtroom.    
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Why would you block those coins? What, you only like the free market whan it does things you approve of?

I was just saying theoretically it could be done, if a malicious entity had some absurd % of existing bitcoins.  I don't generally support it, but it has been raised by others numerous times on these forums.  That's all really..

I seriously doubt the US gov't would act with malicious intent with that 1%/2% of BTC because, largely, of point (2)...  transparency.

I agree. I do not expect the US government to do anything crazy with the BTC; however there is enough fear and distrust of the state among the Bitcoin community that it could trigger a short term sell-off / panic. Long term this is bullish but in the very short term I would not be surprised if the bears come out of hibernation just like what happened with the initial SilkRoad closure.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1168
Merit: 1000
Why would you block those coins? What, you only like the free market whan it does things you approve of?

I was just saying theoretically it could be done, if a malicious entity had some absurd % of existing bitcoins.  I don't generally support it, but it has been raised by others numerous times on these forums.  That's all really..

I seriously doubt the US gov't would act with malicious intent with that 1%/2% of BTC because, largely, of point (2)...  transparency.
sr. member
Activity: 454
Merit: 250
Why would you block those coins? What, you only like the free market whan it does things you approve of?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
so now its over 100K coins they have?

http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC

Now the questions that remain are:

Is this the next target?

https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC

As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR

and

Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?

Technically, if this ever became a real threat (if they had, say, 10+% of coins), consensus could be reached to just block all transactions from known Gov't public addresses...  I don't see what much they could do with 2% of available coins, beyond very briefly crash the market.  These actions would:

(1)  Cost them $$$.  They wouldn't get max dollar for liquidating their bitcoins if they just drove the price down.
(2)  It would be completely transparent to everyone!  They couldn't secretly do this.  Everyone in the public would know, and it'd be a PR disaster...  The beauty of the Bitcoin protocol is that they can't hide what they do with these funds.

I seriously doubt that there would be anywhere close to the consensus needed to block any particular group of addresses by means of hard fork since that would destroy the fundamental economic value of Bitcoin.

Here is a thread thread that explains why this is such a terrible idea. https://bitcointalksearch.org/topic/brainstorm-implications-of-blacklisting-dprs-seized-bitcoins-308106
legendary
Activity: 1168
Merit: 1000
so now its over 100K coins they have?

http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC

Now the questions that remain are:

Is this the next target?

https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC

As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR

and

Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?

Technically, if this ever became a real threat (if they had, say, 10+% of coins), consensus could be reached to just block all transactions from known Gov't public addresses...  I don't see what much they could do with 2% of available coins, beyond very briefly crash the market.  These actions would:

(1)  Cost them $$$.  They wouldn't get max dollar for liquidating their bitcoins if they just drove the price down.
(2)  It would be completely transparent to everyone!  They couldn't secretly do this.  Everyone in the public would know, and it'd be a PR disaster...  The beauty of the Bitcoin protocol is that they can't hide what they do with these funds.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 2282
Merit: 1050
Monero Core Team
so now its over 100K coins they have?

http://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144,336.39692843 BTC
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX 29,657.49172471 BTC

Now the questions that remain are:

Is this the next target?

https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a 111,114.60035823 BTC

As there are suspicions that 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a is also related to SilkRoad / DPR

and

Would there be a "libertarian panic" over the fear that the state will suddenly dump a large amount of BTC?
legendary
Activity: 1168
Merit: 1000
We pushing back through $200 tonight?  Quick, but consistent, recovery.
legendary
Activity: 1168
Merit: 1000
so now its over 100K coins they have?

Yup, they'll get liquidated at auction probably in several years..  Might cause a sudden drop of a few % at that time, but it wouldn't be different than the 30% daily swings we're already used to.    Grin

It's 1% of the market.  Not 10% / 15%.  Not going to put on my tinfoil hat over it...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
so now its over 100K coins they have?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 224
Merit: 100
Any proof those are SR's earnings?

And why in blocks of 324 BTC, seems to be a completely arbitrary number?

324 = fbi

https://en.wikipedia.org/wiki/Telephone_keypad
legendary
Activity: 1792
Merit: 1047



Trading volume is low.
legendary
Activity: 875
Merit: 1362
Any proof those are SR's earnings?

And why in blocks of 324 BTC, seems to be a completely arbitrary number?
sr. member
Activity: 448
Merit: 250
http://blockchain.info/sl/address/1CSBFoN2ANwqXeuQ9daVQYHXoXVfqEtzfa
This one is funny. Bought below 50, missed april's top, and now active again. Did I get it right?

What are you talking about?

Wow! WTF?

In the last 24 hours it has received ~BTC144,500 with ~446 BTC354 transactions?

DPRs stash gotten to?
Damn, good guess!
Wow, shit. He only had 100k coins? And those were all stolen? Ouch.
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