d_eddie
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Lucky bitcoiners? Breaking no sweat, rich by chance? Ask my wife's boyfriend!
#haiku
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Torque
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Activity: 3696
Merit: 5276
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December 28, 2021, 03:31:30 PM |
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As long as the printer go brrrr, the music will never stop.
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Torque
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Activity: 3696
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December 28, 2021, 03:34:52 PM |
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Guys, let's all take a moment of reflection for Bill Gates. He's had a really rough year...
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2021, 04:01:28 PM |
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shahzadafzal
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December 28, 2021, 04:16:26 PM Merited by JayJuanGee (1) |
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How much BTC has US government seized, and what does it do with it?
To date, it has auctioned off 185,000 BTC.
After the coins are sold, the cash is then distributed to different government departments. It often goes into the Treasury Forfeiture Fund or the Department of Justice Assets Forfeiture Fund.
Wait that’s not the interesting part, interesting part is yet to come. they’re slowly learning that much of this is unnecessary because Bitcoin was designed in such a way that wallets can be frozen, and funds can be moved by court order. In other words, code is not law, law is law.
To imagine how this might work in the future, let’s imagine that Ulbricht’s Silk Road was still active today. If authorities could prove that wallets x, y, and z belonged to Silk Road, say by using blockchain analytics tools combined with traditional investigation techniques, they could secure court orders from judges that issue the orders to miners/nodes and have them simply freeze the funds. Later, a court could order the miners/nodes to move the funds from the Silk Road wallets to the wallets of the receiving agency.
Only if it was that simple. Yes code is not the law but “open source” code is the law. Full article here https://coingeek.com/how-much-btc-has-us-government-seized-and-what-does-it-do-with-it/
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Richy_T
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Activity: 2562
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 28, 2021, 04:38:50 PM |
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Don't use Merriam Webster when playing against government people. They get to make up words as they go along.
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2021, 05:01:28 PM |
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LFC_Bitcoin
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Activity: 3668
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#1 VIP Crypto Casino
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December 28, 2021, 05:10:38 PM |
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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December 28, 2021, 05:27:58 PM |
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d_eddie
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Activity: 2632
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December 28, 2021, 05:54:39 PM |
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they’re slowly learning that much of this is unnecessary because Bitcoin was designed in such a way that wallets can be frozen, and funds can be moved by court order. In other words, code is not law, law is law.
To imagine how this might work in the future, let’s imagine that Ulbricht’s Silk Road was still active today. If authorities could prove that wallets x, y, and z belonged to Silk Road, say by using blockchain analytics tools combined with traditional investigation techniques, they could secure court orders from judges that issue the orders to miners/nodes and have them simply freeze the funds. Later, a court could order the miners/nodes to move the funds from the Silk Road wallets to the wallets of the receiving agency.
Hahahaha, good luck with that. Secure court orders to miners in Iceland, or inner Mongolia. Sure. Only if it was that simple.
Yes code is not the law but “open source” code is the law.
IOW, indeed.
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2021, 06:01:38 PM |
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cygan
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icarus-cards.eu
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December 28, 2021, 06:56:11 PM |
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banks are fucked - BTC fix it
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2021, 07:01:27 PM |
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Phil_S
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We choose to go to the moon
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December 28, 2021, 07:16:51 PM |
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need some hopium...
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serveria.com
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Activity: 2380
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Privacy Servers. Since 2009.
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December 28, 2021, 07:26:31 PM |
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need some hopium...
No news at all - no hopium, no FUD yet we're going down.
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suchmoon
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https://bpip.org
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December 28, 2021, 07:38:54 PM |
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Guys, let's all take a moment of reflection for Bill Gates. He's had a really rough year...
Yeah, inflation is gonna eat his billions. Should've bought bitcoins when he had a chance.
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philipma1957
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'The right to privacy matters'
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December 28, 2021, 07:42:12 PM |
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need some hopium...
No news at all - no hopium, no FUD yet we're going down. Get ready for some good dip. 45k and I am in for more than my daily 50 dollar buy.
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d_eddie
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Activity: 2632
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December 28, 2021, 07:45:41 PM |
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It's not that bad yet. We can stack sats at better than 2k/usd...
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 28, 2021, 08:01:27 PM |
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