Bitcoin Forum

https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

Bitcoin is really going mainstream now. Even a federal court is already asking payments for bitcoin or any other crypto as bail. Is this news really legitimate or just another fake one just to at least ease our minds of what's happening recently to the crypto market. Hope this adoption of crypto even in federal courts will show great performance when it comes to the crypto market. So for all of those guys who have qualms about the situation of the market right now specially the dips of bitcoin, we just have to chill and relax then wait for the bull run soon.

What are your thoughts on this? Will this create great impact to bitcoin's value? Share your thoughts.

Which goes to show how the government is confident on accepting crypto and have somehow accepted that bitcoin will be a part of the future. Upon reading the article, it seems that the judge ordered a certain bail to be paid in bitcoin or any cryptocurrency, which gives it a go-signal for acceptance on the Federal Court and possibly any other government services that requires payment. I hope that you can use bitcoin in any other things, not just paying a bail which does not seem to happen almost often, but knowing that they have allowed it, there's a huge chance that other government branches and services would follow suit.

I've read the article and I still don't understand the reason why the judge ordered him to pay using crypto?
BTW, it seems it doesn't reflect how government bodies in general thought about cryptocurrency, as Steve Wagstaffe said that the same thing won't happen at the San Mateo County Superior Court. This is more or less a personal decision from the judge because they're allowed to choose anything for bail. Anyway, if every judge acts like this, maybe mainstream adoption will come faster in USA (at least related to bail).

It seems to be true:

https://news.bitcoin.com/judge-hacker-pay-bail-cryptocurrency/

It's nice that crypto is getting recognition for this, but what some people don't seem to know is that bail shouldn't necessarily be cash:


...so this incident doesn't really have any positive implications for crypto being used and accepted as currency.

It's pretty interesting how the judge requested for crypto specifically though. Maybe she just assumed he had some stashed because he's a hacker? Lol.

sources like this are not reliable sources. these websites publish anything without even paying attention to the content, and most of them times it is only for click bait purposes.

and this news seems more like a one case thing where bitcoin was used as bail although I don't know if it is even the truth or not, but it doesn't seem to be the law as a common thing to use bitcoin for bail. and since price of bitcoin is pretty volatile I don't think they really want to accept bitcoin. not to mention that bitcoin is not regulated.

In my opinion, this is a good thing for bitcoin future, as we know that the purpose of bitcoin has been made to become a currency. It is not an asset, when the bitcoin already accepted in several places as a currency, then it is a good news for bitcoin. Also, the prices will be going up again. Stay HOLD and Buy More..

I’ve googled that, and there are some crypto online papers that have published the news, but I’ve googled adding “Daily Post”, which is supposed to be the source, and nothing appears. I don’t know if one published the bait and the rest eat it or the Daily Post published it but for some reason it doesn’t appear in the search.

The OP's article's source isn't the popular UK Daily Post itself, but a local Californian Daily Post:


I found the source article (Palo Alto Daily Post) though I have no idea why they don't simply link their sources. Here it is:

https://padailypost.com/2018/08/15/federal-courts-now-accepting-cryptocurrency-for-bail/

I also realize that the first bitcoin.com link I've posted earlier in the thread wasn't exactly convincing, so I tried to look for a few more reputable (or well known, at least) sources:

https://gizmodo.com/judge-orders-alleged-ea-games-hacker-to-pay-750-000-ba-1828413591
https://www.cnet.com/news/judge-sets-bail-at-750k-in-cryptocurrency-for-alleged-ea-hacker/
https://www.kotaku.com.au/2018/08/judge-orders-alleged-ea-games-hacker-to-pay-1-million-bail-in-cryptocurrency/ (1 million AUD for the skeptics lol)

I'm glad that everyone is on guard against fake news especially with baffling pieces like this, but it really looks like this happened. Shout outs to the criminals in here lol.

this news is so good so we willl see that the bitcoin have a real potential in the future or soon so until the value of bitcoin is too low its more good to adopt more this until its not too late because i am sure that sooon the value of this will going increase so high.

Any news that says bitcoin is now accepted is very welcoming. But I'm not sure how will this affect crypto as a well. And it also give some credibility to bitcoin because it is a Federal Court who recognise it. Might set a precedence as well and the next time we know, it slowly creeping as well to other courts as well. Let's hope it will be the case.


Short term, I see some impact. But this is just a small factor to contributing to bitcoin's value increasing in the next years or so.

Which demonstrates how the legislature is certain on tolerating crypto and have by one means or another acknowledged that bitcoin will be a piece without bounds. After perusing the article, it appears that the judge requested a specific safeguard to be paid in bitcoin or any digital currency, which gives it a go-motion for acknowledgment on the Federal Court and perhaps some other taxpayer driven organizations that requires installment. I trust that you can utilize bitcoin in some other things, not simply paying a safeguard which does not appear to happen regularly, but rather realizing that they have permitted it, there's an enormous possibility that other government branches and administrations would stick to this same pattern.

Thanks guys for verifying the news. We don't want to spread fake news in this forum whether it is pro or anti crypto.

The best thing about this incident is that cyber policies indeed being implemented by the government with a decent amount of penalties from cyber criminals. We should not only watch out for the bitcoin price to go up but might as well be vigilant in reporting to the authorities if we spot cyber crimes like this so people with bad intentions scamming or stealing other people's assets and money will be placed behind bars.

It is definitely good seeing the Federal Court accepting BTC with open arms instead of vetoing and avoiding it like the plague. I just hope one day the Government will be willing to accept tax payments with BTC. Doubtful in the short term, but the day this happens it will be huge. It's amazing to see how far Bitcoin has come these last four years since I joined.

Well whether the news of bitcoin and other cryptocurrency being accepted as the payments for bail in high court is real or fake we should know that bitcoin in time to come will become the secondary currency of many nations and citizens in the global world.

I agree. Perhaps the judge is a bag holder after all.  ;D

Bitcoin is still in its infancy and so many things can happen in the future. Yes, its good to see how far it get in the last decade but I assumed that we can still have a lot of leg room and we might see bitcoin adopted in every aspect of our lives.

If this is realy true then it represents a big step forward.
Still that doesn't mean bitcoin will become mainstream, just it will be more accepted and take more equal position with fiat currencies.

Though the source may not be too much reliable; but still if the news is correct then it is a welcome step.  It is further expansion of bitcoin acceptance.  Even if the Judge is bitcoin enthusiastic ; it is still welcome because if one judge is bitcoin lover; his other friend judges may also have impression of his affection towards bitcoin.
It will increase bitcoin crypto acceptance
As per source; the judge asked to provide bitcoin or other crypto for bail amount.

https://www.thanhbathien.com/2018/08/17/california-federal-court-allows-bail-to-be-paid-in-bitcoin/

http://globalengineeringnews.com/2018/08/19/california-judge-orders-accused-hacker-to-pay-bail-in-crypto/

This is legit, it has actually taken place see this link https://gizmodo.com/judge-orders-alleged-ea-games-hacker-to-pay-750-000-ba-1828413591

I'm not sure this will take bitcoins mainstream as it's a local judgement, and hasn't been captured by leading media channels, if it had received greater coverage could have created some impact. It has already been clarified by the judge as the defendant is unable to pay in cash, fine can be paid in any asset, and considering defendant was a hacker, he may have requested for crypto payment. I don't believe any impact will happen by this news, this is just one limited judgment.

If government official like judge  can publicly accept bitcoin as means of payment for bail or services it is a plus to the cryptocommunity. This may be a  personal decision not a generally accepted standard means of payment of bail.

this is very good news and being one of the reasons to make crypto currency a global currency throughout the world, the more people who can accept bitcoin will make this community even bigger and strengthen the existence of bitcoin in the world economy

Hope that every other judges even the government will accept bitcoin or any crypto as mode of payment for bails and taxes. If this time will come that the adoption will be fully spread out all over the world then we might see a huge impact on crypto values in the market.

Just hoping that those countries that were banning bitcoin or crypto as a whole will not only see the disadvantages that this technology brings but might as well dig deeper of what it can offer to each and everyone of us specially in business sectors.

Yes Bitcoin and crypto at large is going mainstream.  It's amazing people actually think crypto is going to zero and this market sell off if the grand finally and final coffin.  There are going to be a lot of almost millionaires. 

If this really happens then slowly bitcoin can be recognized in the world government, this is one of the new legalities to be accepted. I hope other world governments will do the same thing in the future.

Bitcoin is used as a guarantee though I do not know if it is true or not, but it seems it is not a general rule to use bitcoin to guarantee. this is one of the new legal approvals. I hope other governments around the world will do the same in the future.

This is really a good sign for cryptocurrencies. Bitcoin's slowly being recognized and embraced by more companies and establishments as time goes by. Sooner or later, other sectors will follow this big step for the future. Many companies will recognize bitcoin's dominance.

Bitcoin actually is really usefull specially this type of transaction for paying bail in the said court. No matter what either legit or not but the best thing we do is to support bitcoin to become primary use someday if ever.

I'm interesting how the people could say that bitcoin is dying and cryptocurrency is going to the end if we are having all those news everyday which shows only a growth in Bitcoin integration to the world.

Wen criminals hold masses of coins in crypto, and their income is held in crypto, then the judge is right to demand bitcoin. The defendant can't complain about not having enough money for bail, all currencies are accepted there

 It has already been clarified by the judge as the defendant is unable to pay in cash, fine can be paid in any asset, and considering defendant was a hacker, he may have requested for crypto payment. I don't believe any impact will happen by this news, this is just one limited judgment.

If this is something to hold on to, then some folks might start demanding their salary in bitcoin. We are gradually moving closer to a better society. We expect more support.

Its a very good news for bitcoin holders because it will help for the long term. Because of it the price will increase more. I think bitcoin will be the alternatively currency in future times.

It’s is very good news. I believe bitcoin have a lot of potential. Bitcoin already used as a alternative currency in some country. I think value of it will increase more in future days. Those investor will get huge profit who hold this coin.

This was the first time i have read such issue and if this is legitimate then we are now going mainstream since this acceptance is not a joke and a serious discussion..just some questions in my mind,that why federal court seems to be one of the first government branch to accept crypto when this iss not simple case for accepting

yes I read the news, to be honest I still didn't understand that why they have taken this kind of decision but I will consider it as a good development for the bitcoin market and in the upcoming future situation will be more friendly with bitcoinhave patience till then

This is going to be a good news for BTC if this is true. Being accepted by federal court, BTC may be able to gain more acceptance of people and thus it will be helpful to draw attention of more people towards BTC.

This is going to be a good news for BTC if this is true. Being accepted by federal court, BTC may be able to gain more acceptance of people and thus it will be helpful to draw attention of more people towards BTC.

Do they accept bitcoin only from federal crimes?  :D.   If this doesn’t convince skeptics of the legality of cryptocurrency, I don’t know what will.

If this news is true, it means the government thinks that bitcoin is the future and they should use this opportunity. Soon the exceptance of bitcoin will be in every field of the country. Which will be very good for the crypto market.

What if they're accepting it because they want to arrest more people involved in bitcoin now...

I don't know if the news is real or not, but if this is real, it will be a good news for the crypto market. Bitcoin is now accepted in bails. Soon it will be accepted in other government transactions too. It will increase bitcoin's popularity among normal people.

By reading this article, I think the government is now interested in cryptocurrency and they will accept it in other fields as well. The government thinks that crypto has a great future and they should utilize it.

that's one great step for bitcoin and a very good idea, but is it a real or hoax news?..

As the purpose of Bitcoin is to be become a currency not an asset, so this news is absolutely great! In several countries already the bitcoin is getting its acceptance. So don’t worry if the price falls. It will go up again! You just have to hold them.

Yes, in fact, this is good news. More and more governments are taking bitcoins, creating laws to regulate crypto ... I think that there will soon be a rise in the prices of cryptocurrencies.

My thoughts? Well, as You ask... I think You should learn to get more critical towards Your sources.

Bitcoin has a very good potential. This news is a very great as the purpose of bitcoin is to be a currency. It has already been accepted in several countries. Prices of BTC will rise again, So hold your coins!

Well, this good news for the bitcoin. It has a good potential in future. As the purpose of Bitcoin is to become a currency not an asset, so this an absolutely a great news. Prices of BTC will be up again. It has also been accepted in several places. So, buy more BTC and hold them.

Though the Bitcoin here is used for bailing but good to see that the federal court is also accepting it as a mode of transaction. Recognizing BTC as a legit payment system should be set as an example worldwide so that other countries can also learn how to utilize cryptos properly.

Though there are various opinion regarding this incident in the web, where some people are saying that this is giving cryptos a bad image. But, honestly I see this as a open door for further improvement of Bitcoin and other digital currencies' normalization or mass adoption. This should make people understand that cryptos can be utilized as a valid payment method.

The news is legit and it goes on to show that, even though the lawmakers speak against Bitcoin and cryptos but they are slowly beginning to accept it's existence or at least they are valuing it properly. Otherwise an incident like this would have never happened in a court of USA.

Reading through this point to a direction for me that its more of getting him to court than legalising crypto currency as rightly pointed out in the article because for someone who could do a fraction of the charges he is accused of, he surely would have opted to keep it in crypto rather than keeping it in the bank and the judge understanding the importance of asking someone to give what he does not have. In the spirit of justice, its better he is being ask to pay for his bail in what he claims to have his asset in.

This is also going to open him up in the long run because from the wallet its coming from, how much value of bitcoin does he have? What does he do to have that huge amount to claim his innocence on the charge? and some other questions that would be answered in the course of the trial either way, they are looking out for every way to further "nail him to the cross".

First of all this source is not a legit one. The contents of this article are not authentic and cannot be validated. This is more like a click bait, and the contents are irrelevant. It will be better to avoid such topic.

Wao really good news,  which country is that?  when will my sleeping county wake from their slumber, btc is the only way

Exactly. This measure is to get him to the court, as it says in article. The judge is familiar with the case, off course, and most probably in consultation with district attorney she or they came up with that order.

However it still didn't happened and i don't think that will. We can say more about this topic if and when it actually happens.

Sometimes we need to entertain these kinds of positive news whether its fake or real. The problem with most people is only entertaining FUD and negative feedback about bitcoin and other crypto. If we really want to support the technology then we better spread positive news than spreading FUD in the forum for a better environment and productive setting for everyone of us and to those people who are still trying to become part of the crypto space that we are in.

Wow so many things that bitcoin can do this days that i never imagined will be i.e if this information is a vital one. but i think those who uses bitcoin to do the wrong things like drugs, theft and other cyber fraudlenties will be allowed to walk away wit their crime,maybe just because it'll wouldn't be anything for them once granted bail. its just me what do i know. but i like the fact that bitcoin is gradually doing almost everything any currency can do.

Those crimes were not only limited to bitcoin. Fraud and money laundering is always there even if bitcoin wasn't invented in the first place. Whether FIAT or bitcoin, those crimes will still exist and right now there's nothing we can do about it as long as someone in the higher office permits it.  ;D

Slowly but surely the use of bitcoin becomes possible in various areas and directions. This is the correct course for bitcoin.

Great, if the Federal Court is acceting bitcoin then it means that the goverment realises it's value and will start legalising it fully. The awareness is rising!

To be fair, the bail payment is accepted in any credible format hence, Bitcoin was accepted. I guess the law still varies in every state.

We all know that bitcoin is a very vast and very potentiating crypto currency and thus this is very popular and successful crypto currency and therefore there are millions of people around the world who are investing into bitcoin and getting benefited by a huge profit and by recognising its potential, there are many countries who has legalised bitcoin in their nation like South Korea 🇰🇷, Japan 🇯🇵 and now this is very good news that federal court is also accepting bitcoin for bail.

This is a right step towards promoting bitcoin and other Cryptos as means of payment in government agencies and parastatals this action  action taken by the fedetal court in acceptance of bitcoin for bail will a send positive signa tol other countries whose lackadaisical attitudes or approach to Cryptos is nothing to write home about.

Honestly I see this as a open door for further improvement of Bitcoin and other digital currencies' normalization or mass adoption.Recognizing BTC as a legit payment system should be set as an example worldwide so that other countries.

Honestly most times I don't really believe sources such as this, why would the judge require him to pay in cryptocurrency..But if it's true then it's a welcome development as bitcoins popularity and acceptability continues go go unwavering,and sure all this will have an effect on the value,as we expect the bull run soon

I was thinking the same thing, its a difficult case. I doubt that they can accept bitcoin

On our country it's like a MAN WHO GOES TO NEEDLE IT's hard to believe that our country will allow to have payment BTC to bail on federal court maybe on other country but on our country it's not. And I don't believe it if will allow it.

This will make people understand that the cryptos can be used as a valid payment method. In the spirit of justice, it is better that he is being asked to pay his bail in what he claims to have his property. What did he do to get the huge sum of money to declare his innocence on charges?

Good news indeed. The more people start accepting BTC and other Crypto payments, the easier mass adoption would become. Eventually banks would only exist to convert Crypto > Fiat to pay your monthly bills.

This is great news. That says to me "oh now we are living in crypto World!" I hope every new day we have news like that, because this type of news helps to bitcoin or altcoins usage raise. After i read this kind of news i want to invest more and i am making it without any hasitation.

First of all, this source is not a legitimate source. This is like a click, and the content is not relevant. When my sleeping district will wake up from sleep, btc is the only way. But I think people who use bitcoin to do the wrong things like drugs, theft and other network fraud will be allowed to walk with their crimes, maybe just because it will not be anything for They are guaranteed once. Slowly but surely the use of bitcoin becomes feasible in different areas and directions. Gladly, if the Federal Court upheld the bitcoin, it meant that the government realized its value and would begin to legitimize it completely.