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Author Topic: Britain has seized Bitcoins?  (Read 2116 times)
crazy_rabbit
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October 09, 2013, 03:11:01 PM
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In reading the new NPR report of more Silk Road arrests, this pops out:

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Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=

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Seccour
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October 09, 2013, 03:23:10 PM
 #2

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

Advantage's of a government ^^

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October 09, 2013, 03:29:40 PM
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why start this topic when you just started another UK - SR related topic...

i have never used silk road and im getting a little pee'd that there are dozens of threads all about silk road...

this is like the financial times reporting about someone not paying their TV licence... it wouldn't happen, especially wouldn't require pages of chatter about it..

and yes the analogy is correct,

bitcoin talk - a place to talk about a currency
TV Licence - is paid for using the currency
story - getting arrested for an act that involves the currency use, where the currency itself is not the crime

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October 09, 2013, 04:26:40 PM
 #4

Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.
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October 09, 2013, 04:29:33 PM
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Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.

I thought it was rather Yogi Berra'ish Smiley

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October 09, 2013, 04:41:53 PM
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In reading the new NPR report of more Silk Road arrests, this pops out:

Quote
Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=

I haven't seen that reported anywhere else. It must be a misquote/lie/bullshit

All these Silk Road threads are getting a bit tedious now. Can we just have one that comments on the fallout as things progress.
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October 09, 2013, 05:45:25 PM
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In reading the new NPR report of more Silk Road arrests, this pops out:

Quote
Britain's National Crime Agency said it had seized millions of pounds (dollars) worth of bitcoins, the electronic currency used on the site, and the agency's director general, Keith Bristow, said in a statement that other online drug dealers should expect a knock on their door.

So looks like the UK is building it's own stash of seized Bitcoins. Wow. Governments may get their bitcoins without ever needing to buy them!

http://www.npr.org/templates/story/story.php?storyId=230442617&ft=1&f=
Wow everyone will have a chunk of bc for reserve.
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November 08, 2013, 11:16:20 PM
 #8

governments are lucky they can just take the coins for themselves hope he had it encrypted !!
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November 09, 2013, 02:07:22 AM
 #9

Well its one way of getting 51%, keep seizing it. It only becomes a matter of time. Of course they will offer a nice choice too sing or do double the time.

You mention 51%... but I don't think you know what you're talking about.
Maybe the UK govs thinks that Bitcoin is based on proof-of-stake Wink?
BurtW
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November 09, 2013, 02:10:26 AM
 #10

Most gov inept, agree?

Inept lose BTC private keys.

Less BTC to go around.

Higher prices for the remaining BTC.

All good.

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November 09, 2013, 03:48:36 AM
 #11

If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.
Phinnaeus Gage
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November 09, 2013, 03:58:47 AM
 #12

Most gov inept, agree?

Inept lose BTC private keys.

Less BTC to go around.

Higher prices for the remaining BTC.

All good.

Or a governments system admin goes missing the same time their stash moves unexpectedly Wink



If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.

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