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Author Topic: Governments now own BTC  (Read 3054 times)
ProfMac
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October 10, 2013, 06:07:14 AM
 #21

Who's to say they didn't have large amounts before SR got busted? They could of been early miners easily.

LOL.  They could be Satoshi.

I try to be respectful and informed.
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crazynoggin
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October 10, 2013, 06:40:43 AM
 #22

Well damn, the US government has more Bitcoin than me now (not that I have much at all).

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600watt
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October 10, 2013, 10:25:37 AM
 #23

I bet that in a few years we will hear about the first scandals involving lost or stolen government bitcoins.  Wallet security is not a trivial task for a large organizations, and government agencies have a track record of data security blunders.      

One positive effect of this is that government agencies will now be forced to fully understand how bitcoin works, whether they want to or not.  That will help campaigners such as the Bitcoin Foundation in their efforts of educating governments.

indeed, there will be theft of government btc.
to edjucate government agency employees is a nice business idea.
hashman
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October 10, 2013, 11:10:33 AM
 #24

Guess what.. that guy with the hat and beard?  A fictional character.

Are you suggesting congressmen have been given private multisig keys? 
axus
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October 10, 2013, 03:17:15 PM
 #25

Same thing police do with other confiscated property, use it to buy new cars.  Since it's the FBI, they'd probably use it for anonymous online payments while investigating drugs/porn/whatever.
knight22
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October 10, 2013, 03:32:34 PM
 #26

Same thing police do with other confiscated property, use it to buy new cars.  Since it's the FBI, they'd probably use it for anonymous online payments while investigating drugs/porn/whatever.

Anonymous payments? lol I'm not so sure about that!

https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

Marbit
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October 10, 2013, 04:57:49 PM
 #27

they'd never put it on an exchange, though... some lucky guy will win the auction for pennies on the dollar. such an opportunity for the one who gets it. where do they announce forfeiture auctions?!?!  Smiley
PrintMule
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October 10, 2013, 05:07:20 PM
 #28

They will probably launder it somehow, otherwise it's quite useless, when everyone knows their btc address.

On another note - awesome caricature in the OP Smiley


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mises
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October 10, 2013, 07:23:17 PM
 #29

nice comic. lol unlike other editorial comics i understood this one pretty fast.
bitcon
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October 10, 2013, 10:48:34 PM
 #30

what they will do is tumble the coins they have then use them for drug purchase on other darknet sites to build cases against dealers. they were most likely doing this before SR
seizure, except now they get to do it for free.


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balanghai
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October 10, 2013, 10:55:53 PM
 #31

They can easily use their server farms to mine bitcoins. We couldn't tell how deep they are mining already.

Ajinomoto
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October 12, 2013, 03:14:07 PM
 #32

It's nice.

Wink
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October 13, 2013, 07:07:04 AM
 #33

Perhaps the US will just hold on to the BTC as a hedge against its own fiat currency going down the toilet. #irony
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October 13, 2013, 10:36:10 AM
 #34

I hope the government just deletes them.

Makes my coins 0.25% worth more  Grin

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cbeast
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Let's talk governance, lipstick, and pigs.


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October 13, 2013, 11:12:00 AM
 #35

They will probably end up in a DEA auction and sold for pennies on the dollar.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 14, 2013, 02:49:12 AM
 #36

i feel uneasy.

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