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Author Topic: What happens to the remaining silk road bitcoins after the trial?  (Read 1676 times)
Ron~Popeil
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July 04, 2014, 06:22:26 PM
 #21

Does the FBI have access to the remaining wallets in the first place? (sorry if I missed the news)

The dailydot.com website says they have access to the remaining wallets and put all the coins in the address linked to below.

https://blockchain.info/de/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency early this morning, an FBI official told Greenberg.

http://www.dailydot.com/crime/fbi-bitcoin-seized-28-million-silk-road-ulbricht/
Imagine that they make a mistake and they send me all that coins. Grin Grin

If they sent you a suitcase of cash you could spend it but bitcoin is traceable. Shortly after you set up an account somewhere to spend it you would get a knock on the door. I doubt you could even move very much of them on localbitcoins before you're sitting across a coffee shop table from a fed trying to buy them from you. One of the great features of Bitcoin is the permanent record.
This is technically true, however there are a number of mixing services available that could help you disconnect the coins you are spending and the coins that were sent to you in error. Another issue is the fact that there are no laws against receiving funds at your address and spending them. As long as you would not steal the coins from the government they would likely have no case against you.

They can always find a case against you. Federal laws and regulations are so vast and unreadable that most average people commit crimes everyday in their everyday life. The key is to avoid their radar and not become a target.

aBITfedUP
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July 04, 2014, 07:16:27 PM
 #22

Quote
They can always find a case against you. Federal laws and regulations are so vast and unreadable that most average people commit crimes everyday in their everyday life. The key is to avoid their radar and not become a target.

There is even a book about it http://www.amazon.com/Three-Felonies-Day-Target-Innocent/dp/1594035229/
Harley997
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July 04, 2014, 10:43:05 PM
 #23

Does the FBI have access to the remaining wallets in the first place? (sorry if I missed the news)

The dailydot.com website says they have access to the remaining wallets and put all the coins in the address linked to below.

https://blockchain.info/de/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency early this morning, an FBI official told Greenberg.

http://www.dailydot.com/crime/fbi-bitcoin-seized-28-million-silk-road-ulbricht/
Imagine that they make a mistake and they send me all that coins. Grin Grin

If they sent you a suitcase of cash you could spend it but bitcoin is traceable. Shortly after you set up an account somewhere to spend it you would get a knock on the door. I doubt you could even move very much of them on localbitcoins before you're sitting across a coffee shop table from a fed trying to buy them from you. One of the great features of Bitcoin is the permanent record.
This is technically true, however there are a number of mixing services available that could help you disconnect the coins you are spending and the coins that were sent to you in error. Another issue is the fact that there are no laws against receiving funds at your address and spending them. As long as you would not steal the coins from the government they would likely have no case against you.

They can always find a case against you. Federal laws and regulations are so vast and unreadable that most average people commit crimes everyday in their everyday life. The key is to avoid their radar and not become a target.
This may be true, assuming that they can find you. If they simply send coins to an address that you control that is not linked to you then you could simply mix the coins sufficiently so that when you go to spend the coins no one will know they are the same coins that were sent to you in error. If they don't know who to harass then they cannot charge you with bs crimes

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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InwardContour
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July 05, 2014, 03:00:56 AM
 #24

Does the FBI have access to the remaining wallets in the first place? (sorry if I missed the news)

The dailydot.com website says they have access to the remaining wallets and put all the coins in the address linked to below.

https://blockchain.info/de/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency early this morning, an FBI official told Greenberg.

http://www.dailydot.com/crime/fbi-bitcoin-seized-28-million-silk-road-ulbricht/

Ha! I checked out the Blockchain.info link to the DPR address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH. It appears a few random people have sent small amounts of btc to that address for the hell of it. Most appear to be transfers of 0.001 btc.

Think I am going to send 0.001337 btc over just for the hell of it ^.^
People are sending small amounts to these types of addresses because they know that a lot of people are looking at them and they put public messages on the TX to try to get people to give them BTC
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July 07, 2014, 08:02:28 AM
 #25

Does the FBI have access to the remaining wallets in the first place? (sorry if I missed the news)

The dailydot.com website says they have access to the remaining wallets and put all the coins in the address linked to below.

https://blockchain.info/de/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency early this morning, an FBI official told Greenberg.

http://www.dailydot.com/crime/fbi-bitcoin-seized-28-million-silk-road-ulbricht/

Ha! I checked out the Blockchain.info link to the DPR address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH. It appears a few random people have sent small amounts of btc to that address for the hell of it. Most appear to be transfers of 0.001 btc.

Think I am going to send 0.001337 btc over just for the hell of it ^.^
People are sending small amounts to these types of addresses because they know that a lot of people are looking at them and they put public messages on the TX to try to get people to give them BTC

It's also kind of funny that one can consider them as donations to the government
They have a nice little balance growing although it does make for a nice place to put a dedicated advertisement that targets Bitcoin users

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