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This article briefly mentions the Silk Road "bust"; wasn't there much speculation that they could not actually seize his money because of the crypto nature? Doe
by jawr 13y ago
This article briefly mentions the Silk Road "bust"; wasn't there much speculation that they could not actually seize his money because of the crypto nature? Does that mean they got his key?
- oleganza 13y agoThe bigger story about SR is that Bitcoin price did not collapse 10x after the shutdown. Which shows that Bitcoin is used as gold, speculative store of wealth. And so it reasserts itself as a viable wealth transport.
- ceejayoz 13y agoWhy on earth would BTC collapse 10x after the SR shutdown? If anything, it'd drive the value up as a significant portion of the money supply just evaporated.
- oleganza 13y agoThat's also a way to look at it. But also consider that if there was significant demand in BTC just to spend on Silk Road, it would go away after SR is gone.
- ceejayoz 13y agoThey do appear to have gotten his key. https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH?sort=1 https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN4... 144k Bitcoins, transferred in 324 ("FBI" on a phone) BTC increments. Presumably, they got it via either a plea deal or by finding it on one of his devices.