Overstock.com's News on Accepting Bitcoin, Underwhelming Price Boost.

[mmeijeri]

Of course it's not true. The guy was obviously joking. Even if the feds were dumb enough to do this, they couldn't legally, because the legal process hasn't completed.

They had said as much earlier. Then again, I was amazed to learn that in my own country, the Netherlands, the government does regularly sell seized goods before the legal process has completed. If the defendants are acquitted, they get back the amount the government got when it sold their possessions. The government tends to do that for bulky goods, good with highly variable prices, or if the costs of safe storage make it worthwhile to sell. In the case I enquired about it was a bunch of BTC seized from FBTC Exchange, which they sold because it was so volatile. I called the public prosecutor's office, and they explained the policy to me.

[Romyen]

Of course it's not true. The guy was obviously joking. Even if the feds were dumb enough to do this, they couldn't legally, because the legal process hasn't completed.

They had said as much earlier. Then again, I was amazed to learn that in my own country, the Netherlands, the government does regularly sell seized goods before the legal process has completed. If the defendants are acquitted, they get back the amount the government got when it sold their possessions. The government tends to do that for bulky goods, good with highly variable prices, or if the costs of safe storage make it worthwhile to sell. In the case I enquired about it was a bunch of BTC seized from FBTC Exchange, which they sold because it was so volatile. I called the public prosecutor's office, and they explained the policy to me.

Refer to the following link: https://en.wikipedia.org/wiki/Asset_forfeiture . Sale of forfeited assets is handled by the U.S. Marshals Service: http://www.justice.gov/marshals/assets/assets.html . It takes a while for due process to run its course, and it's too soon for this to happen.

[guybrushthreepwood]

Of course it's not true. The guy was obviously joking. Even if the feds were dumb enough to do this, they couldn't legally, because the legal process hasn't completed.

They had said as much earlier. Then again, I was amazed to learn that in my own country, the Netherlands, the government does regularly sell seized goods before the legal process has completed. If the defendants are acquitted, they get back the amount the government got when it sold their possessions. The government tends to do that for bulky goods, good with highly variable prices, or if the costs of safe storage make it worthwhile to sell. In the case I enquired about it was a bunch of BTC seized from FBTC Exchange, which they sold because it was so volatile. I called the public prosecutor's office, and they explained the policy to me.

Wow, that's bullshit. how do they get away with this? That's essentially theft, not to mention handling stolen goods lol.

[mmeijeri]

It's not theft if the law says you can do it!  Defendants do get compensation of course, if they are acquitted.

[2tights]

Of course it's not true. The guy was obviously joking. Even if the feds were dumb enough to do this, they couldn't legally, because the legal process hasn't completed.

They had said as much earlier. Then again, I was amazed to learn that in my own country, the Netherlands, the government does regularly sell seized goods before the legal process has completed. If the defendants are acquitted, they get back the amount the government got when it sold their possessions. The government tends to do that for bulky goods, good with highly variable prices, or if the costs of safe storage make it worthwhile to sell. In the case I enquired about it was a bunch of BTC seized from FBTC Exchange, which they sold because it was so volatile. I called the public prosecutor's office, and they explained the policy to me.

Wow, that's bullshit. how do they get away with this? That's essentially theft, not to mention handling stolen goods lol.

So, basically the legal system is a facade of fairness, but in practice is not. sounds like Uhmerica

[Warning__3]

Finally some bigger fishes is in the game
Just wish some of the bigger nordic companies would add bitcoin as payment