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2. The bet is that Bitcoin becomes world money. It's also worth noting that the US government now owns 0.686% of all bitcoins that will ever be created. (They
by sillysaurus2 13y ago
2. The bet is that Bitcoin becomes world money.
It's also worth noting that the US government now owns 0.686% of all bitcoins that will ever be created. (They seized 144k coins in the Silk Road raid, and eventually there will be 21 million total coins.)
- oleganza 13y agoThey must be motivated to preserve that wealth now.
- mcv 13y agoI think they intend to sell it. Now seems like a good time for that.
- greenlander 13y agoIt seems likely that they'll be required to AUCTION them off through an approved process rather than sell them themselves on an exchange. And they probably won't do that until they've convicted "Dread Pirate Roberts"
- gcb0 13y ago> right time to sell it And plummet the price back to sub dollar values
- oleganza 13y agoThere are enough of private investors willing to buy without crashing prices on the open exchange. Financially, it'll be a good deal for both a buyer and a seller. I heard SecondMarket's BIT (bitcoin investment trust) can't buy new bitcoins fast enough from private hands to satisfy the demand.
- toomim 13y agoAnd they have said that they will liquidate (sell) all of that back to USD, like they do any other seized asset.
- fastball 13y agoWas there every any concrete evidence that they did in fact have access to the wallet DPR was using?
- shocks 13y agoSupposedly these ones. http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GN...