crazy_rabbit (OP)
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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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: 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= |
more or less retired.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Seccour
Legendary
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Activity: 1619
Merit: 1004
Bitcoiner, Crypto-anarchist and Cypherpunk.
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October 09, 2013, 03:23:10 PM |
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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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franky1
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Activity: 4200
Merit: 4435
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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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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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tysat
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Activity: 966
Merit: 1004
Keep it real
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October 09, 2013, 04:26:40 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. |
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Tomatocage
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Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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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  |
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meanig
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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: 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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dianemajor
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Activity: 14
Merit: 0
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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: 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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jeppe
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November 08, 2013, 11:16:20 PM |
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governments are lucky they can just take the coins for themselves hope he had it encrypted !!
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freequant
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November 09, 2013, 02:07:22 AM |
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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. Maybe the UK govs thinks that Bitcoin is based on proof-of-stake  ? |
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BurtW
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Activity: 2646
Merit: 1130
All paid signature campaigns should be banned.
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November 09, 2013, 02:10:26 AM |
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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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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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AndrewWilliams
Full Member
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Activity: 182
Merit: 100
Fourth richest fictional character
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November 09, 2013, 03:48:36 AM |
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If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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November 09, 2013, 03:58:47 AM |
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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  If Obama ever seizes Bitcoins, he will redistribute it to illegal aliens and the food stamp class.
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