On the subject of your example, did you it's not allowed to spend Bitcoins received for campaign donations?
Topic: Thoughts on FBI dumping Silkroad BTC - page 3. (Read 6991 times)
One senator making a non-negative statement equals the whole goverment "catering for it's success", right.
On the subject of your example, did you it's not allowed to spend Bitcoins received for campaign donations?
On the subject of your example, did you it's not allowed to spend Bitcoins received for campaign donations?
Doesn't look like the same thing to me.
One example:
Chairman Carper Applauds FEC Quick Action on Bitcoin Campaign Contributions Policy
Friday, November 8, 2013
WASHINGTON- Today, U.S. Senator Tom Carper (D-Del.), Chairman of the Homeland Security and Governmental Affairs Committee, issued the following statement in response to the Federal Election Commission's (FEC) draft decision to allow Bitcoin contributions to campaigns, as reported by Politico last night.
“This apparent decision by the Federal Election Commission (FEC) underscores what our Committee has recognized for some time: that virtual currencies are not going away. Their emergence has potentially far reaching implications for the federal government and society as a whole. I applaud the FEC for acting quickly to recognize this and develop a thoughtful policy that gives donors and committees rules of the road to utilize this emerging technology. It continues to be my hope that departments and agencies are working together, in a collaborative fashion, to define and consistently treat Bitcoin and other virtual currencies. I expect this decision and other recent developments will be discussed at our Committee’s upcoming hearing, as we dig into what a whole-government approach to this new and unique technology may look like.”
Doesn't look like the same thing to me.
Ignorant? What do you mean? Considering that the US government is working out how to cater for Bitcoin's success do you not think they would want reserves of their own? Right now there is speculation going on with fiat currencies: does that mean that the government or FBI is not allowed to hold fiat currencies?
No the US goverment isn't "working out how to cater for Bitcoin's success". The hearing on virtual currencies was to prevent money laundering and provide some legal margin for companies.
If you think otherwise you are even more delusional than I thought.
Why is that different from "catering for Bitcoin's success"? Surely that's why they want to "prevent money laundering and provide some legal margin for companies" isn't it?
Please enlighten me as to where I went wrong!
Ignorant? What do you mean? Considering that the US government is working out how to cater for Bitcoin's success do you not think they would want reserves of their own? Right now there is speculation going on with fiat currencies: does that mean that the government or FBI is not allowed to hold fiat currencies?
No the US goverment isn't "working out how to cater for Bitcoin's success". The hearing on virtual currencies was to prevent money laundering and provide some legal margin for companies.
If you think otherwise you are even more delusional than I thought.
i don't like the idea of invalidating those coins. it would be a big waste. imagine this as a universal rule, everytime coins landed in the hands someone we don't like. there would soon be no coins left.
ok, let us distribute them equally to all other adresses. Number of coins received depends on number of coins in the account.
But bitcoin is infinitely divisible, i do not really see a problem
anyway, it was a thought experiment. Although, a Bitcoin fork/altcoin without the FBI-coins is a nice idea
I already have a name: PureBitcoin (PBC) TM
i don't like the idea of invalidating those coins. it would be a big waste. imagine this as a universal rule, everytime coins landed in the hands someone we don't like. there would soon be no coins left.
Just a thought: can`t we just hard fork bitcoin to invalidate the coins in posession of the FBI?
It goes against just about everything I believe in, and yet I can't help but love that idea
yes indeed. I do not want to steal/invalidate someones money, but if we can just invalidate the coins in possesion of the FBI, it would be great
It would probably cause a hard fork with 2 existing bitcoins:
The ones accepting the FBI-coins, and the other ones
Maybe this is a great altcoin idea LOL
Just a thought: can`t we just hard fork bitcoin to invalidate the coins in posession of the FBI?
It goes against just about everything I believe in, and yet I can't help but love that idea
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
Why? Do you think they need the money right now? Of course they won't sell. Everybody is bullish for Bitcoin this year, including the FBI! Even all the bears on this forum are bullish!
There is no way the FBI will sell any coins for at least 2 years in my opinion, and only then might they pass some to the treasury as a way to control the price.
Why? Because I read a report saying the FBI intended to sell the coins, that's all.
Yes, sorry, there is the "report". But the article is just speculation (
present company accepted). Anyone can see that. So someone made an off the cuff comment to a hack: "This is kind of new to us. We will probably just liquidate them.” That doesn't mean much really. Remember that this comment was, according to the article, immediately after the Silk Road raid, which means before the Senate hearing, recent price rise, etc.It flies in the face of common sense right now to say that the FBI will just "liquidate" their stash.
Scopolamine? Waterboarding at Guantanamo Bay?
What about mindreading devices?
Put on your tin foil hats! Protect yourself from the Illuminati.
LOL
I guess we'd better ask Edward Snowden.
Scopolamine? Waterboarding at Guantanamo Bay?
What about mindreading devices?
Put on your tin foil hats! Protect yourself from the Illuminati.
Just a thought: can`t we just hard fork bitcoin to invalidate the coins in posession of the FBI?
I think it's pretty clear that they got a hold of the coins as a result of a deal with DPR. He was stupid enough to get caught doing something illegal, but I don't think he was stupid enough to not properly encrypt his wallet.
If I was him, I'd be scrambling to make all the deals I could to avoid spending the next 40 years in prison.
If I was him, I'd be scrambling to make all the deals I could to avoid spending the next 40 years in prison.
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
Why? Do you think they need the money right now? Of course they won't sell. Everybody is bullish for Bitcoin this year, including the FBI! Even all the bears on this forum are bullish!
There is no way the FBI will sell any coins for at least 2 years in my opinion, and only then might they pass some to the treasury as a way to control the price.
Why? Because I read a report saying the FBI intended to sell the coins, that's all.
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
Why? Do you think they need the money right now? Of course they won't sell. Everybody is bullish for Bitcoin this year, including the FBI! Even all the bears on this forum are bullish!
There is no way the FBI will sell any coins for at least 2 years in my opinion, and only then might they pass some to the treasury as a way to control the price.
Basically the FBI has to sell them, unless special legislation would be passed which would allow the FBI to speculate on seized assets, which makes no sense. What remains is using them for some sort of sting operation to flush out other blackmarket sites, but I don't think that is really an option since it's hard to hide where the coins come from.
Are you really that ignorant about how the world works?
Ignorant? What do you mean? Considering that the US government is working out how to cater for Bitcoin's success do you not think they would want reserves of their own? Right now there is speculation going on with fiat currencies: does that mean that the government or FBI is not allowed to hold fiat currencies?
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
Why? Do you think they need the money right now? Of course they won't sell. Everybody is bullish for Bitcoin this year, including the FBI! Even all the bears on this forum are bullish!
There is no way the FBI will sell any coins for at least 2 years in my opinion, and only then might they pass some to the treasury as a way to control the price.
Basically the FBI has to sell them, unless special legislation would be passed which would allow the FBI to speculate on seized assets, which makes no sense. What remains is using them for some sort of sting operation to flush out other blackmarket sites, but I don't think that is really an option since it's hard to hide where the coins come from.
Are you really that ignorant about how the world works?
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
Why? Do you think they need the money right now? Of course they won't sell. Everybody is bullish for Bitcoin this year, including the FBI! Even all the bears on this forum are bullish!
There is no way the FBI will sell any coins for at least 2 years in my opinion, and only then might they pass some to the treasury as a way to control the price.
I don't believe they have access to the money so what's to discuss.
What reasons do you have to believe that?
Thanks to FBI, currently the US government is already the biggest bitcoin owner when comparing to all the other governments on the planet, they have the biggest motivation to support this economy
I'm pretty sure they said they were going to sell the coins ..... someone can correct me if they didn't
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