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dontek (OP)
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January 08, 2014, 01:10:37 AM |
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http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks. Ulbright has given the U.S. government the private keys to the bitcoins. “The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. The wallets are publicly visible here and here.
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Send me your Bitcoin and I will make sure to HODL it safe for you!
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MAbtc
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January 08, 2014, 01:14:11 AM |
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I expect them to dump the Gox order book down to ~ $1.
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dontek (OP)
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January 08, 2014, 01:17:09 AM |
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Its obvious that he's been cooperating with the feds in light of the recent busts. Eventually they are going to dump the coin to USD, just a matter of when and if they dump it all at once. If they do, a fuck ton of coins coming onto the market all at once is going to drive price down. And with the recent govt and bank assault on bitcoin, would be another big blow.
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Send me your Bitcoin and I will make sure to HODL it safe for you!
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MAbtc
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January 08, 2014, 01:20:38 AM |
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Its obvious that he's been cooperating with the feds in light of the recent busts. Eventually they are going to dump the coin to USD, just a matter of when and if they dump it all at once. If they do, a fuck ton of coins coming onto the market all at once is going to drive price down. And with the recent govt and bank assault on bitcoin, would be another big blow.
Which exchange do you think they will dump it on?  |
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N12
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Activity: 1610
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January 08, 2014, 01:20:54 AM |
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Emptygox? |
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zeroday
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January 08, 2014, 01:21:26 AM |
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Yea, bitcoin is doomed, but I'll save you and buy all your coins at $100. Hurry up and sell it before it's back to single digits!
You know, FBI will dump all the coins and then initiate BTC-annihilation code acquired from DPR, who is really Satoshi, as everybody knows.
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Miz4r
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January 08, 2014, 01:30:31 AM |
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I really hope they dump on Gox. The FBI would quickly find out they can't withdraw worthless GoxBux and will have to buy the coins back again to try another exchange. That would be a sight to see.  But seriously, I doubt they are that stupid to try and sell on an exchange. But it would be really funny haha. |
Bitcoin = Gold on steroids
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vdcc
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January 08, 2014, 01:33:42 AM |
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Coinbase maybe?
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Walsoraj
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January 08, 2014, 01:35:29 AM |
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It just occurred to me that the FBI can probably sell the coins pre-sentencing if Ross consents to the sale but still reserves his right to a trial. Why would Ross consent? He might expect the case to remain unresolved for a long time and wants to cash out before it's too late. That way, cash is sitting for him if/when he is released, as opposed to worthless coins.
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Odalv
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January 08, 2014, 01:36:12 AM |
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Emptygox? Nope, Houbi ... this is why china tries to shut down exchanges. (to prevent FBI from dumping) |
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bassclef
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January 08, 2014, 01:40:42 AM |
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They will be auctioned off, just like every seized asset from every criminal case, ever.
To believe there will be a massive dump of this amount on any exchange is simply FUD.
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humanitee
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January 08, 2014, 01:43:20 AM |
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They will be auctioned off, just like every seized asset from every criminal case, ever.
To believe there will be a massive dump of this amount on any exchange is simply FUD.
Someone go to the auction, buy some coins, then go spend them on Silk Road 2. |
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| Whitepaper
Medium
Reddit
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Interized
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January 08, 2014, 01:44:17 AM |
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The coins are NOT on the move they still don't have access.
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Gold isn't the answer.
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Walsoraj
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January 08, 2014, 01:46:16 AM |
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Of course they are not moving yet. Article mentions FBI is considering selloff within weeks. |
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Interized
Sr. Member
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January 08, 2014, 01:54:28 AM |
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Of course they are not moving yet. Article mentions FBI is considering selloff within weeks. We can put a stop to the FBI laundering money by transferring the coins to USD. https://bitcointalk.org/index.php?topic=404427.0 |
Gold isn't the answer.
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TERA
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January 08, 2014, 02:00:55 AM |
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omg it's happening!
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Bitbuy
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January 08, 2014, 08:25:11 AM |
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so...through all the fud & misinformation: Did Ullbricht give them the private keys or not? Untill I see something like that confirmed, or the certainty that the FBI has access to them, I defintely refuse to even assume there will be an FBI sell-off.
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T.Stuart
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January 08, 2014, 08:26:17 AM |
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so...through all the fud & misinformation: Did Ullbricht give them the private keys or not? Untill I see something like that confirmed, or the certainty that the FBI has access to them, I defintely refuse to even assume there will be an FBI sell-off.
It's bullshit! The OP is FUD! |
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MatTheCat
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January 08, 2014, 08:49:33 AM |
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It's bullshit! The OP is FUD!
...and if the OP reported that the US government are set to take a massive position in Bitcoin, would that still be FUD? Yesterday, I suggested that you really should take some profits whilst Bitcoin was still in low 900's. It has since fell drastically but has recovered to low 800's but with probably much further to fall. Was that FUD? |
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