Ulbricht To Be Sentenced On May 15th - page 3.

picolo

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Quote from: Buffer Overflow on February 08, 2015, 01:19:50 PM

Quote from: BTCreward on February 08, 2015, 01:09:19 PM

The only real way he realistically could ever recover the bitcoin is if he had stored them in a brain wallet, and the fact that there are so few large addresses that match the description of the 'missing' bitcoin I would find this unlikely

He would only need to have one brainwallet address. He could then just sha256 hash it to get another private key and so on....

They found so many BTC that it may have been all the bitcoins he owned. Maybe he have a few small wallets here and there and he could write a book, start a franchise or even start a bitcoin business to make a living and spread his ideas.

Buffer Overflow

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Quote from: BTCreward on February 08, 2015, 01:09:19 PM

The only real way he realistically could ever recover the bitcoin is if he had stored them in a brain wallet, and the fact that there are so few large addresses that match the description of the 'missing' bitcoin I would find this unlikely

He would only need to have one brainwallet address. He could then just sha256 hash it to get another private key and so on....

BTCreward

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Quote from: bryant.coleman on February 08, 2015, 05:48:13 AM

Quote from: BTCreward on February 07, 2015, 01:32:19 PM

Quote from: cheekychap on February 07, 2015, 02:17:34 AM

Quote from: bryant.coleman on February 07, 2015, 01:52:08 AM

Quote from: bitcoin_bagholder on February 05, 2015, 11:59:03 PM

Consider all his bitcoins gone (proceeds of crime) unless he managed to hide some.

Do you really think that he never had any personal BTC wallets other than those he had in SR? He definitely had at least a dozen. And he is never going to reveal them to anyone.

Well if he is jailed for life, then whats the point of having them ?
He might as well, give the details to someone. Giving the money to his family is worse as they might get in trouble because of it too.

It would be nearly impossible to give the details of his wallets to anyone without the government intercepting the conversations and first gaining access to the wallets.

That is correct. So in short, all his Bitcoin stash will remain inactive for the next few decades at least. If he is ever released from prison (that is a very distant chance), then he might be able to use them.

Well it also depends on how he stored the private keys. If he stored them on a server that the government is not aware of (and has not seized) then it would be possible that he would effectively lose the private keys as soon as his hosting expires (and payment is not received). Based on the fact that Ross didn't seem to think he could get caught I would somewhat doubt that he had paid for hosing years in advance.

The only real way he realistically could ever recover the bitcoin is if he had stored them in a brain wallet, and the fact that there are so few large addresses that match the description of the 'missing' bitcoin I would find this unlikely (although he could have memorized the seed for his electrum wallet for example)

picolo

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Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

After he was found guily on every count http://bitforum.info/t/ross-ulbricht-found-guilty-on-all-charges/223?u=angelo

Will his things be confiscated after the sentencing?

What do you think?

Some have been sold and the rest will likely be sold as well if he is sentenced.

Jeff Chang

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How do you know his 'personal stash' wasn't taken. He was pretty stupid to have kept any coins at all on his computer. They should have been safe far away from him just in case anything happened to him.

bryant.coleman

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Quote from: BTCreward on February 07, 2015, 01:32:19 PM

Quote from: cheekychap on February 07, 2015, 02:17:34 AM

Quote from: bryant.coleman on February 07, 2015, 01:52:08 AM

Quote from: bitcoin_bagholder on February 05, 2015, 11:59:03 PM

Consider all his bitcoins gone (proceeds of crime) unless he managed to hide some.

Do you really think that he never had any personal BTC wallets other than those he had in SR? He definitely had at least a dozen. And he is never going to reveal them to anyone.

Well if he is jailed for life, then whats the point of having them ?
He might as well, give the details to someone. Giving the money to his family is worse as they might get in trouble because of it too.

It would be nearly impossible to give the details of his wallets to anyone without the government intercepting the conversations and first gaining access to the wallets.

That is correct. So in short, all his Bitcoin stash will remain inactive for the next few decades at least. If he is ever released from prison (that is a very distant chance), then he might be able to use them.

Phildo

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Quote from: ajaxmoor on February 06, 2015, 12:07:28 AM

Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

After he was found guily on every count http://bitforum.info/t/ross-ulbricht-found-guilty-on-all-charges/223?u=angelo

Will his things be confiscated after the sentencing?

What do you think?

maybe there will be another auction soon.
The question I have is, what happened to the other 1.7 Million USD worth of Btc that the cops took as posing as the assasins.

The cops only got 80k for not killing anyone. The rest went to the Hell's Angels (if anyone actually got killed) or to scammers pretending to be the Hell's Angels and then pretending to kill people that don't appear to exist.

Brewins

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any chance of him getting some kind of agreement?

homeless hacker

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Ross is probably going to get 20 years per charge. If lucky, they will all run concurrent. This would make it possible for him to get out in 20 yrs as opposed to 100+ years if they did not run concurrent with one another.

Buffer Overflow

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Quote from: Dondie on February 06, 2015, 04:30:16 AM

Too young to be spending his entire lifetime in the can

But old enough to be responsible for his own actions.

readysalted89

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Quote from: cheekychap on February 07, 2015, 12:27:23 AM

Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

Will his things be confiscated after the sentencing?

What do you think?

Well, the government did an auction for the bitcoins they confiscated from SR before.
I am sure they would probably do the same thing again.

http://www.coindesk.com/us-marshals-bitcoin-auction-q1/

This article quotes the US government as saying “We do anticipate that we will hold another bitcoin auction in the first quarter of this year."

BitCoinNutJob

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Quote from: viboracecata on February 07, 2015, 02:20:29 AM

Will he be sentenced to death?
Anyway, Godess bless him

No i think the maximum penalty is 30 - life for his crimes. At this point im going to put in a prediction he gets 22 years.

BTCreward

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Quote from: cheekychap on February 07, 2015, 02:17:34 AM

Quote from: bryant.coleman on February 07, 2015, 01:52:08 AM

Quote from: bitcoin_bagholder on February 05, 2015, 11:59:03 PM

Consider all his bitcoins gone (proceeds of crime) unless he managed to hide some.

Do you really think that he never had any personal BTC wallets other than those he had in SR? He definitely had at least a dozen. And he is never going to reveal them to anyone.

Well if he is jailed for life, then whats the point of having them ?
He might as well, give the details to someone. Giving the money to his family is worse as they might get in trouble because of it too.

It would be nearly impossible to give the details of his wallets to anyone without the government intercepting the conversations and first gaining access to the wallets. Conversations with any visitors are almost always monitored/recorded with inmates and conversations with his attorney are privileged however his attorney is not able to break the law by laundering the bitcoin though him

viboracecata

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Will he be sentenced to death?
Anyway, Godess bless him

cheekychap

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Quote from: bryant.coleman on February 07, 2015, 01:52:08 AM

Quote from: bitcoin_bagholder on February 05, 2015, 11:59:03 PM

Consider all his bitcoins gone (proceeds of crime) unless he managed to hide some.

Do you really think that he never had any personal BTC wallets other than those he had in SR? He definitely had at least a dozen. And he is never going to reveal them to anyone.

Well if he is jailed for life, then whats the point of having them ?
He might as well, give the details to someone. Giving the money to his family is worse as they might get in trouble because of it too.

bryant.coleman

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Quote from: bitcoin_bagholder on February 05, 2015, 11:59:03 PM

Consider all his bitcoins gone (proceeds of crime) unless he managed to hide some.

Do you really think that he never had any personal BTC wallets other than those he had in SR? He definitely had at least a dozen. And he is never going to reveal them to anyone.

cheekychap

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Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

Will his things be confiscated after the sentencing?

What do you think?

Well, the government did an auction for the bitcoins they confiscated from SR before.
I am sure they would probably do the same thing again.

Bitzkrieg

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Quote from: Dondie on February 06, 2015, 04:30:16 AM

Quote from: Chef Ramsay on February 05, 2015, 11:20:32 PM

The Feds already auctioned off a portion of Ross' coins and the next few batches are coming in due time. Ross is screwed and will likely get a life sentence and more when the hearing takes place on the 30th of May. He's finished unless an appeal gets him some justice.

Too young to be spending his entire lifetime in the can

Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

After he was found guily on every count http://bitforum.info/t/ross-ulbricht-found-guilty-on-all-charges/223?u=angelo

Will his things be confiscated after the sentencing?

What do you think?

He shouldve thought about that when he started Silk Road

Dondie

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HUKOM BITAY! ✝✝✝

Quote from: Chef Ramsay on February 05, 2015, 11:20:32 PM

The Feds already auctioned off a portion of Ross' coins and the next few batches are coming in due time. Ross is screwed and will likely get a life sentence and more when the hearing takes place on the 30th of May. He's finished unless an appeal gets him some justice.

Too young to be spending his entire lifetime in the can

ajaxmoor

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Quote from: angeloanggam on February 05, 2015, 08:10:22 PM

Just some few questions, what will happen to Ulbricht's Bitcoin account? Where will his millions and millions worth of BTC go?

After he was found guily on every count http://bitforum.info/t/ross-ulbricht-found-guilty-on-all-charges/223?u=angelo

Will his things be confiscated after the sentencing?

What do you think?

maybe there will be another auction soon.
The question I have is, what happened to the other 1.7 Million USD worth of Btc that the cops took as posing as the assasins.

Topic: Ulbricht To Be Sentenced On May 15th - page 3. (Read 4682 times)