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Title: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Satyre_Noir on January 08, 2014, 11:27:35 AM Guys what do you think, more fud or...
http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/ Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: T.Stuart on January 08, 2014, 11:30:11 AM They will sell off-exchange. Loaded confirmed offers have been made???
No problems at all. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: HairyMaclairy on January 08, 2014, 11:31:53 AM Will make for some good press. Don't expect it to happen any time soon.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: mellowyellow on January 08, 2014, 11:34:41 AM Guys what do you think, more fud or... http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/ FUD. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Satyre_Noir on January 08, 2014, 11:38:39 AM I thnik is more fud too, my favourite part of junk article: “The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. ::)
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: CaptainBeck on January 08, 2014, 11:48:57 AM I thnik is more fud too, my favourite part of junk article: “The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. ::) Did they ever have faith??? Surely they are willing to sale because they make money from nothing. They arent bothered by what happens in 2 years time because they want money now. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Cluster2k on January 08, 2014, 12:20:13 PM If the US government is smart they'll wait until those seized bitcoins are enough to pay down the debt to China. Give it a couple of years and the USA can trade all the many billions in goods and services sourced from China for a bunch of data.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Bitbuy on January 08, 2014, 12:27:31 PM like in the OTHER thread -->
so...through all the fud & misinformation: Did Ullbricht give them the private keys or not? Untill I see something like that confirmed, or the certainty that the FBI has access to them, I defintely refuse to even assume there will be an FBI sell-off. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: zeroday on January 08, 2014, 03:22:40 PM For sure! They are going to sell-off all the exchanges and then shutdown bitcoin with secret annihilation code provided by Ulbrich who is really Satoshi as all you know.
Don't wait! Sell everything and invest it in dogecoin and quarkcoin which are the only safe havens for cryptos. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: BitchicksHusband on January 08, 2014, 06:45:54 PM They really don't care what kind of asset it is. They will follow protocol. When Ulbricht is found guilty, they will then sell the coins at auction in lots.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Minor Miner on January 08, 2014, 06:47:28 PM They really don't care what kind of asset it is. They will follow protocol. When Ulbricht is found guilty, they will then sell the coins at auction in lots. Until he is convicted they will do NOTHING. Go to govdeals and the other sites and look for the drug dealer cars. They sit for years before they auction them.Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: FiatKiller on January 08, 2014, 06:50:42 PM Wow, if tens of thousands are sold in weeks, that could really kill the price.
But at least it will be a great opportunity to buy cheapies. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: reb0rn21 on January 08, 2014, 08:31:36 PM For sure! They are going to sell-off all the exchanges and then shutdown bitcoin with secret annihilation code provided by Ulbrich who is really Satoshi as all you know. Don't wait! Sell everything and invest it in dogecoin and quarkcoin which are the only safe havens for cryptos. Agree ;D Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: traderCJ on January 08, 2014, 09:10:23 PM Bleh, why do articles like this get so much traction? The author ought to be flogged.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: billyjoeallen on January 08, 2014, 09:28:23 PM I hope they sell on the exchanges, drive the market to $100, and walk away with pennies on the dollar. FBI bastards basically stole that wallet. Even better: they destroy the private keys through incompetence. What's more likely is someone connected like the suits at circle.com are going to buy it and it'll end up backing some ETF.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: rampantparanoia on January 08, 2014, 11:11:14 PM i don't trust any site owned by a company that has a history of mailing out CDs.
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Tomatocage on January 09, 2014, 12:55:45 AM Since when do they sell off evidence before trial has even started?
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: MANofthePEOPLE on January 09, 2014, 01:03:45 AM Wow, if tens of thousands are sold in weeks, that could really kill the price. But at least it will be a great opportunity to buy cheapies. Surely they won't sell at an exhange though? Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: traderCJ on January 09, 2014, 01:03:50 AM Since when do they sell off evidence before trial has even started? They don't. The author is either ignorant or a charlatan. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: traderCJ on January 09, 2014, 01:05:35 AM Wow, if tens of thousands are sold in weeks, that could really kill the price. But at least it will be a great opportunity to buy cheapies. Surely they won't sell at an exhange though? Nope, wouldn't make any sense. They can get a much better price at auction and won't have to incur the natural risks of dealing with gigantic sums of money on an exchange. Can you imagine them 1) crashing the exchange rate, resulting in huge losses 2) trying to get over $100mil USD off of an exchange. What's to stop the exchange operator from simply walking away with the DoJ's money? Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: TiagoTiago on January 09, 2014, 01:30:55 AM Is the money evidence, or just the wallet and the blockchain?
Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: notme on January 09, 2014, 01:56:01 AM Is the money evidence, or just the wallet and the blockchain? Regardless, it is seized property and can't be sold until the owner is convicted. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: FiatKiller on January 09, 2014, 02:22:22 PM Is the money evidence, or just the wallet and the blockchain? Regardless, it is seized property and can't be sold until the owner is convicted. But this is a strange case. Maybe converting into USD and then holding the dollars till conviction is acceptable. How do they handle seized stocks normally? Same would probably apply although there are physical stock certificates technically behind stocks. Wallets are not physical property also... Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Minor Miner on January 09, 2014, 03:10:21 PM Is the money evidence, or just the wallet and the blockchain? Regardless, it is seized property and can't be sold until the owner is convicted.Maybe converting into USD and then holding the dollars till conviction is acceptable. How do they handle seized stocks normally? Same would probably apply although there are physical stock certificates technically behind stocks. Wallets are not physical property also... Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: FiatKiller on January 09, 2014, 03:19:16 PM Interesting, but again since there are not really "bitcoin laws" yet, maybe
they do not have to follow standard procedure. Title: Re: U.S. Justice Department have access to the Ulbricht’s bitcoin cache Post by: Asrael999 on January 09, 2014, 03:25:27 PM Interesting, but again since there are not really "bitcoin laws" yet, maybe they do not have to follow standard procedure. Its property - and they don't have the power to change the form of any other property to USD. They cannot sell a car for example as if found innocent they have to return it, the same applies here. |