US Govt Has about $170M in Bitcoins

[mattseh]

You do know 100 years ago was 1914, right?

There's no way anyone can know that for certain, man

 

[davidne]

If the gov specifically made email illegal, would the average mother know that web browsing was also illegal? FTP? Skype?

It becomes a game of not casting too wide of a net for them... If they cast a very focused net, then every other part of bitcoin will flourish, and the rest of the world will call us "North Korea II" for not letting our citizens use what everyone else in the world thinks is as normal as email.

Meanwhile, if they cast too wide of a net, then they're basically enforcing the shutdown of the whole internet, and even the sheeple of murika wouldn't put up with that shit. Why not just turn off our electricity?

No matter what they do, the rest of the world will take the opportunity to profit from our loss and as long as we can see that we won't stand for it in one way or another.

Dude....what are you talking about? Email is not currency. There is absolutely 0 basis for comparison there. Remember when this happened: Bitcoin Dips to $500 After China Blocks New Deposits? What's to stop the US gov from doing the same?

 

[(O_o)]

Its actually A LOT higher but w/e.

The coins they are auctioning off are NOT from DPR but from funds seized from The Silkroad users accounts.

Bitcoin Address 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

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

 

[kryaa]

So the price can stay stable AND you can go to their auction and pick up some cheap coins if you want.

Great, so i can buy back the coins stolen from me?

Not that i have ever used the silkroad...purely hypotheticaly...

 

[r3p1v]

Not that i have ever used the silkroad...purely hypotheticaly...

 

[morphy]

Dude....what are you talking about? Email is not currency. There is absolutely 0 basis for comparison there. Remember when this happened: Bitcoin Dips to $500 After China Blocks New Deposits? What's to stop the US gov from doing the same?

inb4 if the Chinese wanted to ban bitcoin, they would fully ban bitcoin. And that they only wanted to take a break to better understand a phenomenon that caught them off guard...bla bla bla

The most politically expedient move a gov can make against bitcoin is simply make it harder and/or riskier to get for the average Joe, while somehow keeping it available for the determined enthusiast.

 

[lukep]

heh, do you realize it's comments like this that make you sound absolutely bat-shit insane? You do know 100 years ago was 1914, right?

Why is that hard to believe?

Isn't it possible that in 2095 we'll still be adding to the internet? It may be all mesh-networked pre-frontal-cortex nodes by then, but it'll still be the internet if it gives us the ability to share information with all of humanity.

Same goes with bitcoin. You can just keep building new apps onto it that way, and the fact that there happens to be a currency in there somewhere too means there will always be an incentive to do so.

Dude....what are you talking about? Email is not currency.

Bitcoin is not just a currency. It's literally more like a new kind of internet. Keep up, will ya?

Remember when this happened: Bitcoin Dips to $500 After China Blocks New Deposits? What's to stop the US gov from doing the same?

Not much. Could happen.

But so what? The world's a lot bigger than the US, and look at China sometime on fiatleak... Hasn't slowed down use over there that much; It just pushed it out of the mainstream to where there is no ability to push it down any further.

 

[Kiopa_Matt]

Why is that hard to believe?

Because 100 years ago, delivering messages via the post office via horse was the preferred method.

Or maybe you were in a lucky town that had a phone at the local post office, but even then, you couldn't just call anywhere. There were distance restrictions.

 

[drave]

Fun fact: Bill Frist is also who operated on General Petraeus when he was shot in 1991.

i was unaware of that, thanks. hating "those little bitches who operated on general petraeus when he was shot in 1991" is now added to the lexicon.

 

[lukep]

Because 100 years ago, delivering messages via the post office via horse was the preferred method.

How long where horses used to deliver the post?

You can't just say "Because the last time we upgraded tech for this only lasted 90 years, we will upgrade tech EVERY 90 years."

As time goes forward, every second of time from now until the day we stop needing to send verifiable data to each other, there will be more reason to secure and grow the blockchain than there was a second ago.

 

[wayn3]

None are more hopelessly enslaved than those who falsely believe they are free

 

[drave]

How long where horses used to deliver the post?

You can't just say "Because the last time we upgraded tech for this only lasted 90 years, we will upgrade tech EVERY 90 years."

As time goes forward, every second of time from now until the day we stop needing to send verifiable data to each other, there will be more reason to secure and grow the blockchain than there was a second ago.

you're not doing your cause any favors posting shit like this.