[Chugalug] hmm Someone with ACH connections, Groks bitcoins, and meet regs could make a fortune

Rod rod-lists at epbfi.com
Sun Oct 13 17:02:29 UTC 2013


That be like destroying a 3.3 million dollar piece of equipment.
Yes I am aware of the burn pits overseas, but this is just too high  
profile for them to be that stupid.
Especially in the middle of a budget crisis.

On Sun, 13 Oct 2013 12:55:14 -0400, Stephen Kraus <ub3ratl4sf00 at gmail.com>  
wrote:

> Depends. The Federal government doesn't really recognize Bitcoin as a  
> tradable currency or medium of trade. There is the chance they'll  
> auction off the Bitcoins. That is the closest they'll >probably come to  
> profiting off them.
>
> There is every chance though they'll just destroy the hard drives and  
> equipment containing the wallet though.
>
>
> On Sun, Oct 13, 2013 at 12:46 PM, Rod <rod-lists at epbfi.com> wrote:
>> But how do they liquidate it? That is the question? I don't think they  
>> will delete $3.3 million assett which will likely be worth more once  
>> the legal wrangling is over.
>>
>> On Sun, 13 Oct 2013 12:37:48 -0400, Stephen Kraus  
>> <ub3ratl4sf00 at gmail.com> wrote:
>>
>>> No, they've already said they plan to 'liquidate' it. Either delete it  
>>> or sell it back to bit-coiners.
>>>
>>> On Sun, Oct 13, 2013 at 12:30 PM, Rod <rod-lists at epbfi.com> wrote:
>>>> The Ultimate Bitcoin Question: Can the Feds Spend $3.3M in Seized  
>>>> Digital Currency?
>>>> http://www.wired.com/wiredenterprise/2013/10/silk-road-bust
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>>
>>
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