3 ms·
I'm not sure what your point is. Upon seizure they'd presumably sweep the coins to their own account. Multi-sig transactions can prevent any one person from ru
by tlrobinson 13y ago
I'm not sure what your point is. Upon seizure they'd presumably sweep the coins to their own account.
Multi-sig transactions can prevent any one person from running off with the funds, and will likely become common in the next year or so.
- deleted 13y ago[deleted]
- tlrobinson 13y agoOf course they can. In the case of Silk Road they immediately swept the coins into their own Bitcoin address on October 2 (https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX?sort=1 https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5G...), the same day they seized and shutdown Silk Road (http://news.yahoo.com/fbi-raids-alleged-online-drug-market-silk-road-153729457.html http://news.yahoo.com/fbi-raids-alleged-online-drug-market-s...). No one with the Silk Road keys can take them back, it doesn't matter that the FBI is still holding the Bitcoins. They'll only get better at this.