Bloomberg (Video) Government Sanctioning Bitcoin With FBI Auction

[RUEHL]

Pretty cool...

http://www.bloomberg.com/video/is-the-government-sanctioning-bitcoin-with-auction-fHjpuE_uQcqc9K88fQaR6g.html

"When a drug dealer's assets are seized, they sell the Ferrari. They don't sell the coke to the public."

"They're not going to turn around and sell you a bunch of weed even, which is legal in I guess most states now..."

"Ok, so basically is this is this sort of sanctioning bitcoin?"

"Yes, I mean in a way the government is saying that this is a legal asset."

[gperez2000]

You're right by selling the bitcoins, they are legalizing it as an asset or as a currency!

[bluemeanie1]

certainly significant... -bm

[keithers]

I haven't really thought of it that way before, but it is true.. They are giving it legitimacy by auctioning it off in blocks like they are...

[ljudotina]

Well, of course they are legalizing it this way. Imagine, you buy it and some time after you sell pat of it and want to withdraw your money out of the bank. You get into the bank and the ask you: "Sir, where did you get this money". You say: "FBI". How cool that can be 
They have nothing to ask you after that...

[topminingcontracts]

If is not illegal is legal. When did they say was illegal?

[beetcoin]

I haven't really thought of it that way before, but it is true.. They are giving it legitimacy by auctioning it off in blocks like they are...

yeah they don't have any choice. it's either legitimize bitcoin, or don't collect on $100 million dollars. it's good news for anyone who is concerned with the government interfering, but i don't think that poses as bitcoin's biggest threat right now.