Topic: U.S. announces forfeiture of $28 million of bitcoins belonging to Silk Road - page 2. (Read 4361 times)
January 17, 2014, 08:27:19 AM
It's good that they're selling them. That means more bitcoins for new investor and users and less concentration of the money supply with early adopters.
January 17, 2014, 08:02:40 AM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
They arrested him with the laptop open and got the private keys. Pretty sure they compromised the server too. If he was smart, he would have used a brain wallet. One of the few recommended reasons.
He's an even bigger idiot then if this is what happened.
I think the NSA cracked his personal stash or got the passwords one way or another, not 100% though.
January 17, 2014, 08:00:39 AM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
They arrested him with the laptop open and got the private keys. Pretty sure they compromised the server too. If he was smart, he would have used a brain wallet. One of the few recommended reasons.
January 17, 2014, 07:59:27 AM
Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. T
Lol, like the USG are gonna give drug money back to the people it belonged to. That's not how they work.
They don't discriminate. Victimful crime money, victimless crime money, not a crime at all money, they take it all by force, and it's never, EVER, enough.
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
“Any Silk Road users who had legitimate holdings on the site are out of luck.”
No wonder why anarchy is preferable to the chaos all governments administer, waving their magic wand and labeling 100% non-criminal transactions/funds thereof, “money laundering”.
How many innocents did the government rob blind this time?
What activities on Silk Road are not breaking some US law?
Maybe the people who were selling alpaca socks? There are always a few supplies selling legitimate items on these marketplaces, but of course the USG don't care about that.
January 17, 2014, 07:58:47 AM
Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. T
Lol, like the USG are gonna give drug money back to the people it belonged to. That's not how they work.
They don't discriminate. Victimful crime money, victimless crime money, not a crime at all money, they take it all by force, and it's never, EVER, enough.
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
“Any Silk Road users who had legitimate holdings on the site are out of luck.”
No wonder why anarchy is preferable to the chaos all governments administer, waving their magic wand and labeling 100% non-criminal transactions/funds thereof, “money laundering”.
How many innocents did the government rob blind this time?
What activities on Silk Road are not breaking some US law?
They sold legitimate virtual machines on usb.
January 17, 2014, 07:58:09 AM
This is very good news. The government selling them legitimizes them and they can no longer make them illegal. Oh hey, thanks for the money, now what you just bought is illegal.
January 17, 2014, 07:54:45 AM
Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. T
Lol, like the USG are gonna give drug money back to the people it belonged to. That's not how they work.
They don't discriminate. Victimful crime money, victimless crime money, not a crime at all money, they take it all by force, and it's never, EVER, enough.
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
“Any Silk Road users who had legitimate holdings on the site are out of luck.”
No wonder why anarchy is preferable to the chaos all governments administer, waving their magic wand and labeling 100% non-criminal transactions/funds thereof, “money laundering”.
How many innocents did the government rob blind this time?
What activities on Silk Road are not breaking some US law?
January 17, 2014, 06:09:33 AM
Are they going to use locabitcoins to sell for cash$ on street corners?
January 17, 2014, 05:29:50 AM
Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. T
Lol, like the USG are gonna give drug money back to the people it belonged to. That's not how they work.
They don't discriminate. Victimful crime money, victimless crime money, not a crime at all money, they take it all by force, and it's never, EVER, enough.
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/
“Any Silk Road users who had legitimate holdings on the site are out of luck.”
No wonder why anarchy is preferable to the chaos all governments administer, waving their magic wand and labeling 100% non-criminal transactions/funds thereof, “money laundering”.
How many innocents did the government rob blind this time?
January 17, 2014, 04:59:36 AM
Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. T
Lol, like the USG are gonna give drug money back to the people it belonged to. That's not how they work.
January 16, 2014, 09:45:08 PM
Free coins to everyone on bitcointalk.org?
Every single one should be donated to charities. Not only would that get mass adoption by charities of bitcoin but it wuld help millions of people even if in just a small way.
My only argument would be to invest the money into creating infrasturcture for underdeveloped causes vs simply giving to charity.
Teach a man to fish.......
Good point!
January 16, 2014, 08:59:01 PM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
He probably gave it to them for reduced charges. And what will they do with it? Simple - auction it or sell to some rich investor, which means they will not sell it on an exchange. And NO it will not cause a crash because someone investing milions in BTC doesn't do it just to dump all immediately.How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
I doubt that. My bet is that the government is going to KEEP those bitcoins for the future. They know they are potentially too valuable to sell. They could be worth billions one day and I think they know it's possible. The government won't be selling these coins, I think they are going to keep them forever. Think of it- there's virtually no other way to get this many bitcoins anymore. The USA is now one of the top bitcoin holders! Welcome to our new partner. :-)
So they will store the private key(s) in Fort Knox?
January 16, 2014, 07:58:25 PM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
He probably gave it to them for reduced charges. And what will they do with it? Simple - auction it or sell to some rich investor, which means they will not sell it on an exchange. And NO it will not cause a crash because someone investing milions in BTC doesn't do it just to dump all immediately.How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
I doubt that. My bet is that the government is going to KEEP those bitcoins for the future. They know they are potentially too valuable to sell. They could be worth billions one day and I think they know it's possible. The government won't be selling these coins, I think they are going to keep them forever. Think of it- there's virtually no other way to get this many bitcoins anymore. The USA is now one of the top bitcoin holders! Welcome to our new partner. :-)
They will sell them but they will sell them to themselves, i.e. one government department with no interest in Bitcoin will sell it to another government department that would otherwise be buying Bitcoin on the open market for one of their projects / operations.
January 16, 2014, 07:47:37 PM
Free coins to everyone on bitcointalk.org?
Every single one should be donated to charities. Not only would that get mass adoption by charities of bitcoin but it wuld help millions of people even if in just a small way.
My only argument would be to invest the money into creating infrasturcture for underdeveloped causes vs simply giving to charity.
Teach a man to fish.......
January 16, 2014, 07:46:52 PM
There might be a marketplace to sell only marijuana and only in the states where it is legal.
January 16, 2014, 07:41:11 PM
How would you like the feds randomly coming into your house, stealing all your money from your wallet, and just leaving.
Cash "facilitates money laundering".
January 16, 2014, 07:33:24 PM
I cant even believe this bullshit. Yes I know this news is old, but this is ridiculous. The coins should be paid either to charity, or back to the Silk Road customers. Those bitcoins probably came out of their work paycheck. Who cares what they are going to spend it on, it's still money. Pretty much the government is stealing innocent people's bitcoins and not giving it back. How would you like the feds randomly coming into your house, stealing all your money from your wallet, and just leaving. I can't believe the stupidity of this world we live in.
January 16, 2014, 07:30:55 PM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
He probably gave it to them for reduced charges. And what will they do with it? Simple - auction it or sell to some rich investor, which means they will not sell it on an exchange. And NO it will not cause a crash because someone investing milions in BTC doesn't do it just to dump all immediately.How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
I doubt that. My bet is that the government is going to KEEP those bitcoins for the future. They know they are potentially too valuable to sell. They could be worth billions one day and I think they know it's possible. The government won't be selling these coins, I think they are going to keep them forever. Think of it- there's virtually no other way to get this many bitcoins anymore. The USA is now one of the top bitcoin holders! Welcome to our new partner. :-)
So they will store the private key(s) in Fort Knox?
January 16, 2014, 07:27:39 PM
Can anyone clarify for me:
How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
He probably gave it to them for reduced charges. And what will they do with it? Simple - auction it or sell to some rich investor, which means they will not sell it on an exchange. And NO it will not cause a crash because someone investing milions in BTC doesn't do it just to dump all immediately.How does the FBI have access to the bitcoins? They have unencrypted wallet.dat file or they know the password?
I read all the time about how bitcoins can't be seized... so what happened in the case of DPR's bitcoins?
I doubt that. My bet is that the government is going to KEEP those bitcoins for the future. They know they are potentially too valuable to sell. They could be worth billions one day and I think they know it's possible. The government won't be selling these coins, I think they are going to keep them forever. Think of it- there's virtually no other way to get this many bitcoins anymore. The USA is now one of the top bitcoin holders! Welcome to our new partner. :-)
January 16, 2014, 07:21:03 PM
No offense, but
Didn't we hear about this happening last year?
Didn't we hear about this happening last year?
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