2013-10-08 Wired - The Ultimate Bitcoin Question: Can the Feds Spend $3.3M ...

[ArticMine]

The Ultimate Bitcoin Question: Can the Feds Spend $3.3M in Seized Digital Currency?
http://www.wired.com/wiredenterprise/2013/10/silk-road-bust/

[Peter Lambert]

Bitcoins are great for money laundering, or so people keep claiming. So the obvious solution for the FBI is for those thousands of bitcoins to be laundered into the deputies personal wallets, right?

even if the feds have a pretty good idea what they’d do with the bitcoins today, they can’t move until the Silk Road case is decided. That could take years,

So those coins are in lockdown for a long time? That sounds bullish to me, it means those coins are not on the market.

[Tirapon]

The slightly more ultimate question - can they get their hands on the estimated 600k BTC (probably less actually saved, maybe 100-200k) of comission earned by DPR over the 2.5 years that SR was running?

[odolvlobo]

Bitcoins are great for money laundering, or so people keep claiming. So the obvious solution for the FBI is for those thousands of bitcoins to be laundered into the deputies personal wallets, right?

even if the feds have a pretty good idea what they’d do with the bitcoins today, they can’t move until the Silk Road case is decided. That could take years,

So those coins are in lockdown for a long time? That sounds bullish to me, it means those coins are not on the market.

Well, they weren't really on the market before either.