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Topic: What is the foundation doing for FBI to help bitcoin markets? - page 2. (Read 1613 times)

legendary
Activity: 3038
Merit: 1032
RIP Mommy
When is the last time the US government has ever done the right economic thing intentionally? BF talking to the government is like a flock of sheep asking a pack of wolves not to eat them.
legendary
Activity: 1498
Merit: 1000
The FBI can make the decision all on their own, I have no idea why they would need to consult the bitcoin foundation.

The FBI can make their own decisions, but since the bitcoin foundation prides itself on protecting bitcoins, dumping of ~126,000BTC can hurt markets very badly. I know most people want this but there are smarter people that don't want this. This would be a great area for the foundation to stretch it's education to the FBI. It would be like United Emirates saying we not going to sell oil for a week, but no tell you. Won't the government go and talk to them about the issues it could cause, YES. The foundation should be doing this for bitcoins.


They are talking about the validation of the story, I am looking at what the foundation is going to do to help bitcoin markets out when this happens. At some point those funds will have two options delete the private keys or sell them. I want to know what the foundation is looking to do. They want to protect bitcoin well they should start protecting and educating the FBI on what they should be doing this amount of bitcoins.

I don't think they came to an agreement about this whole tainted coins problem. If they agree to ban stolen coins they should also do that with silk road stash as 1. it is drug money and 2. was stolen by the gov (confiscated means stolen in my dictionary).

This has nothing to do with tainted coins. This is about crashing markets.
hero member
Activity: 658
Merit: 500
Small Red and Bad

They are talking about the validation of the story, I am looking at what the foundation is going to do to help bitcoin markets out when this happens. At some point those funds will have two options delete the private keys or sell them. I want to know what the foundation is looking to do. They want to protect bitcoin well they should start protecting and educating the FBI on what they should be doing this amount of bitcoins.

I don't think they came to an agreement about this whole tainted coins problem. If they agree to ban stolen coins they should also do that with silk road stash as 1. it is drug money and 2. was stolen by the gov (confiscated means stolen in my dictionary).
sr. member
Activity: 476
Merit: 251
The FBI can make the decision all on their own, I have no idea why they would need to consult the bitcoin foundation.
legendary
Activity: 1498
Merit: 1000

They are talking about the validation of the story, I am looking at what the foundation is going to do to help bitcoin markets out when this happens. At some point those funds will have two options delete the private keys or sell them. I want to know what the foundation is looking to do. They want to protect bitcoin well they should start protecting and educating the FBI on what they should be doing this amount of bitcoins.
hero member
Activity: 658
Merit: 500
Small Red and Bad
legendary
Activity: 1498
Merit: 1000
http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

So according to this article the FBI will start selling the the stash. If they sell it too fast they can crash the markets and hurt us very badly. So is the foundation doing anything to help this? This is a perfect place for the foundation to step in and give guidance on this situation. Otherwise lets hold on to our butts.
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