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

Stephen Kraus ub3ratl4sf00 at gmail.com
Sun Oct 13 17:42:19 UTC 2013


Also: 3.3 Million dollars isn't even a drop in the bucket.

The shutdown has cost a rough total of $1.6 Billion already.


On Sun, Oct 13, 2013 at 1:40 PM, Stephen Kraus <ub3ratl4sf00 at gmail.com>wrote:

> You are assuming that they care about Bitcoin or see the value in it. They
> don't, or at least they haven't shown any interest in it publicly. Its very
> doubtful that they would intend to do such a thing anyways, as the
> FBI/Secret Service tends to get their value from seized possessions through
> public auction, but if its something they see as not having a recognizable
> value they will simply destroy it.
>
> Not to mention: The budget crisis has only been compounded by the
> shutdown.
>
> Bitcoin is not a solution to the budget crisis. Nice penny stocks idea,
> but I doubt the Federal Reserve sees any value in bitcoin
>
> Not to mention: You are trying to assign the value of the bitcoins
> retained on the hard disks to the computer hardware they reside on, that is
> not how they are going to value it. Chances are, due to the fact that they
> are using information on that very system to hunt down illicit drug
> re-sellers, they are not letting that hardware out to the public, at least
> with the hard disks intact.
>
>
> On Sun, Oct 13, 2013 at 1:02 PM, Rod <rod-lists at epbfi.com> wrote:
>
>> **
>> 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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